This refers to the article, ‘The economy’ (Mar 19), by Dr Farrukh Saleem. The writer shows the frightening but real face of Pakistan’s economy. According to the writer, the country might again rely on the IMF. Is the current state of the economy not visible to the concerned? Our external debt is rising day by day. The government has to take more loans to pay back the existing loans. The circular debt has now grown to more than Rs430 billion. Although the previous circular debt – Rs480 billion was paid off by the incumbent government right after coming to power, no measures were to permanently resolve this problem.
Our economy is trapped in low value-added manufacturing for almost three decades. Let’s hope that we do away with this policy and venture into high-value manufacturing, especially in the industries to be set up along the CPEC route. The only thing that can help boost the economy is the revival of the manufacturing sector. If we focus on our exports, we can move towards a better future.
Air-Cdre (r) Azfar A Khan
Karachi
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...
