This letter refers to the news report ‘PM forms seven-member body to reduce government expenses’ (March 14, 2024). A reduction in the perks and privileges of the privileged and ruling elite is essential. In my opinion, an all-out austerity plan should be phased in for a period of three years so that the nation can make the painful adjustments needed for a sustainable economic revival. For starters, this austerity plan may generate huge savings for the newly elected government at a time when it needs funding the most. I have no doubt that our ruling classes and our elite would be willing to bear the proposed three-year austerity phase for the sake of the country and to minimize the chaos occurring on the streets due to hyperinflation and other economic difficulties.
Abbas R Siddiqi
Lahore
The substantial increase in used car imports witnessed in the first quarter of this year is alarming. This significant...
It is against the national interest to cast aspersions, which cannot be substantiated, about foreign countries with...
Will Pakistan always require the heavy hand of the IMF to boost its economy? The conditions of the multilateral lender...
Much has been said about overpopulation and the need for the country to control its rapidly growing population. I...
The Punjab chief minister's initiative to provide e-bikes to students seems like a very unnecessary proposal. Back in...
This refers to the news report ‘FBR mulling options to penalize unregistered traders’ . While the imposition of an...