This letter refers to the article ‘The real-estate monoculture’ (September 16, 2024) by Masood Lohar. He has very ably highlighted the ill effects of excessive investment by our moneyed class in real estate, at the cost of productive investment in industry and agriculture, and suggested measures to curb rampant speculation in real estate and encourage investment in productive sectors. This is easier said than done. For example, the article has not mentioned the issue of inflation, which is the real cause of the problem.
Given our rampant inflation rates, no sensible local or foreign investor or entrepreneur is willing to invest heavily in Pakistan. Unless our rulers ensure that state expenditures do not exceed revenues available and spend prudently on productive enterprises, no improvement is possible. The economy will continue to drown deeper and deeper in debt.
Abdul Majeed
Islamabad
Pakistan Post issued many commemorative stamps in the past celebrating the achievements of our security forces and...
Parkinson’s disease is a debilitating neurodegenerative condition that mostly affects the elderly, gradually taking...
As a second-year MBBS student in Karachi, I have witnessed firsthand how thousands of patients visit public hospitals...
With the rise in temperature, summer brings serious health risks. Extremely hot weather has already begun in most...
South Asia has become an arena for potential future conflict, which could have catastrophic consequences for the...
This letter refers to the news report ‘Naqvi thanks Trump for truce’ . I think the US policy on the issue was...
