The 'One Per Cent Republic'.

IN a Tedx talk I gave last year, I argued that Pakistan shouldn't be called the Islamic Republic but rather the One Per Cent Republic. Opportunities, power and wealth here are limited to the top one per cent of the people. The rest are not provided opportunities to succeed.

Pakistan's economy thus only relies on whatever a small elite can achieve. It remains underdeveloped as it ignores the talent of most in the country.

Suppose we had decided to select our cricket team only from players born in the second week of November. That would always have produced a weak team as it would only be selecting from 2pc of the population. Our teams wouldn't have benefited from the talents of many of the greats we have had over the years. This is the same unfair and irrational way we choose our top people. And just as our team would have kept losing, so we as a nation keep losing.

This year over four million Pakistani kids will turn 18. Of these, less than 25pc will graduate from the intermediate stream and about 30,000 will graduate from the O- and A-level stream. Over 3m kids, or 75pc, will not have finished 12 years of schooling. (Half of all kids in Pakistan are out of school.) These 30,000 kids from A-levels will dominate our top universities, many will study abroad and go on to become leaders. That's less than 1pc of all 18-year-olds. These are the only Pakistanis for whom Pakistan works. But it gets worse.

There are around 400,000 schools in Pakistan. Yet in some years half of our Supreme Court judges and members of the federal cabinet come from just one school: Aitchison College in Lahore. Karachi Grammar School provides an inordinate number of our top professionals and richest businessmen. If we add the three American schools, Cadet College Hasanabdal and a few expensive private schools, maybe graduating 10,000 kids in total, we can be sure that these few kids will be at the top of most fields in Pakistan in the future, just as their fathers are at the very top today.

Five decades ago, Dr Mahbub ul Haq identified 22 families who controlled two-thirds of listed manufacturing and four-fifths of banking assets in Pakistan, showing an inordinate concentration of wealth. Today too we can identify as many families who control a high proportion of national wealth.

Concentration of wealth is not unique to Pakistan: this happens globally, especially in the developing world. Trouble is that five decades after Dr Haq's identification, it's many of the same...