Despite the 18th Constitutional Amendment devolving powers, Pakistan's development planning remains largely centralized, leading to inefficiencies. Economist Dr. Kaiser Bengali suggests establishing provincial planning commissions to align policies with local realities and improve resource allocation. This move aims to enhance accountability and project selection, especially as Pakistan faces constrained fiscal space and high debt servicing. Improved provincial planning could lead to more efficient resource use and better economic outcomes, potentially bolstering long-term PKR stability and influencing SBP policy considerations.
بحوالہ / Source: www.brecorder.com