Pakistan has always received a large amount of foreign aid which was used by the ruling elite on the import of luxury items. Countries with almost negligible natural reserves, like Japan, are leading economic power. This is because they invested in human resource development. Their GDP is double than that of major oil producing nations.
It is in the nature of traders and businessmen to invest in projects with attractive returns and least taxation. In the past, such short-sighted strategies led to the shutdown of local industries. If we want to improve our economy, we should strengthen our domestic industry and take steps to be self-sufficient.
Malik T Ali
Lahore
Pakistan is expected to receive yet another loan package from the IMF. The IMF presents itself as an organization that...
Street crimes, vehicle and mobile snatching and target killing have become the norm in Karachi. According to security...
The FPSC has released the list of candidates recommended for appointment to the post of Executive Engineer , MES,...
While Karachi University is a hub of learning, it grapples with significant infrastructural challenges, notably in...
Following the visit by an IMF team last month, Pakistan was granted another $1.1 billion under the country’s...
Students and skilled individuals are vital assets for any country. Facilitating and retaining students and skilled...
