Mohamed Ali Jinnah is a skillful political leader who cannot be bothered with economics. When Pakistan was still a Moslem dream, a correspondent repeated to Jinnah the Hindu argument that Pakistan would not work because the proposed state lacked coal, industry and other economic resources. Answered Jinnah: "Why should they care if I starve?" Last week, after less than four months of independence, Pakistan was an economic wreck, and serious social unrest was rising.

If Pakistan's government had a budget, no one could find out what it was. The country started off with about 200,000,000 rupees ($60,000,000) from the Reserve...

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