It was instead a pioneer to the peculiar facts of the national economy and an indication of wherein lay wisdom and realism in formulating over all economic policies in Pakistan.
Original sources of now-accepted ideas:
When Professor Huda's attention was drawn to the belief in certain quarters that the proponents of the two economy concept were not practical he merely requested the policy makers lo dig down the original sources of the now accepted ideas of (a) parity in income as an objective (b) a second Federal Capital in Dacca, (c) discriminating tax holiday and import duty on machinery between East and West Pakistan (and within each region); (d) special credit institutions for East Pakistan and for small and medium industries; and so on. If their other suggestion regarding allocation of foreign exchange: making the second capital big and effective; creating in East Pakistan a 'federal area' of development; locating in East Pakistan the headquarters of some of the national institution; etc., were accepted Pakistan would have been a happier nation with much less problems than they face today.
Unbiased theoretical an analysis necessary:
As to the allegation that University, economic indulge only in theories and live in an Ivory tower; Professor Huda asserted that they are meant to be so. That does not; however; mean that their suggestions for practical policies are not workable. In fact they are capable of making better practical suggestions than the average administrator; because they have the advantage of being able ‘sanctify’ their practical suggestions by their experience of theoretical analysis. Such analysis alone can make policies intrinsically sound and realistic and this is an experience through which the average administrator and policy maker does not pass not is he capable of grasping and understanding theoretical analysis which the ivory tower mean alone can do.
Revilement will not solve problems:
When Professor Huda's attention was drawn to the allegation that the advocates of the two economy concept were “minions of certain foreign power” he said that the statement was entirely unwarranted. It's effect has been seen to be extremely unfortunate. It has given offence to undoubted patriots and coming as it does from so high a quarter; the Government has been placed in an extremely embarrassing position. “It was an irony of fate” he said; that the people who voted to a man for Pakistan and have had an unfair deal all these years are called ante Pakistanis the moment they want to have a fair deal. Such loose talk evades real issues and adds more problems to existing ones what we need to day is to stop abusing East Pakistanis or questioning their patriotism. Instead we should honestly work out the implications of the constitutional obligation and adopt all measures necessary for attaining parity in per capita income within the shortest possible time.”
