WASHINGTON: The nexus between power and plots in Pakistan has seriously affected the economy, says Princeton economist Atif Mian, while urging the government to shift its focus from non-reproducible to reproducible factors.

In a Thursday commentary on the current economic situation in Pakistan, the Pakistani-Ame­rican economist warned that the power-plot nexus has led to a high-consumption, low-productivity economy.

Pakistan generates one of the lowest shares of revenue from land and property, which Mian describes as “inefficient.” He suggests increasing property tax to address this issue.

Commenting on the proposed increase, Pakistani investor Maaiz Khan argues that raising property tax could be “an unpopular position because it would disproportionately affect the elite.”

Another commentator, identifying........

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