Tanveer urges policymakers to adopt District Economy | The Express Tribune
Key Takeaways
- FPCCI leader SM Tanveer urged policymakers to adopt the District Economy concept.
- The concept aims to create a decentralized and inclusive economic framework for Pakistan.
- Centralized decision-making is blamed for stifling local innovation and hindering economic growth.
- Devolving powers and resources to the district level is proposed as the solution to unlock untapped potential.
- Tanveer cited Pakistan's relatively low GDP compared to global figures as evidence of economic lagging due to centralization.
SM Tanveer, a leader from the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has strongly advocated for the adoption of the District Economy concept by policymakers and stakeholders. This innovative approach is designed to create a more decentralized and inclusive economic framework aimed at unlocking the nation's true potential and building a more equitable society. Tanveer highlighted that Pakistan's economy has long suffered from centralized decision-making, which has suppressed local innovation, constrained entrepreneurship, and limited growth opportunities, resulting in slow economic progress and growing regional gaps. He contrasted Pakistan's $411 billion GDP with the wealth of figures like Elon Musk, emphasizing the nation's lag in economic development due to centralized resource control. The FPCCI leader firmly believes that devolving authority and resources down to the district level will directly generate more opportunities for job creation, entrepreneurship, and overall economic expansion.
