Path to wealth

In a statement last week, the FBR chairman emphasised the need for a cautious and gradual approach to achieving sustainable growth in Pakistan. I strongly agree with his statement, and the government must maintain a surplus in the current account and primary balance to avoid past mistakes. The FBR’s plan to rationalise tax rates, reduce the cost of houses, and promote indigenous growth is a step in the right direction. To take it further, I suggest the government focus on improving tax compliance, reducing the cost of doing business, and promoting investment in key sectors such as manufacturing and exports. Addressing the tax gaps and improving the overall business environment will also help increase revenue and reduce the fiscal deficit. By adopting a comprehensive and inclusive approach, Pakistan can achieve sustainable and balanced growth. I hope the government will take concrete steps to implement these recommendations and put the country on a path to economic prosperity.

Sajid Awan

Dubai

UAE