When the PTI came to power in 2018, the total external debt was $86 billion. The PTI government took a total of $57 billion loans during its nearly four-year-long rule. For our ballooning external debt, the PTI alone cannot be blamed although it failed to control the worsening debt-to-GDP ratio.
We now face a drastic economic situation, and yet there are no visible attempts to reduce the import of luxury items. Given the acute economic crisis, the least the government can do is to impose a strict ban on the import of all luxury items for at least one year. However, what we currently see is a liberal import of luxury SUVs, etc. There seems to be no realization.
Malik Tariq Ali
Lahore
Upon assuming office, Caretaker Federal Minister for Commerce and Industries Gohar Ejaz made an ambitious commitment...
According to the World Bank, poverty in Pakistan has risen from 34.3 per cent to 39.4 per cent over the past year,...
Anxiety and depression are increasing rapidly throughout Pakistan. The adverse economic climate is having an impact on...
This letter refers to the article ‘Fixing politics by non-political means’ by Husain Haqqani. The article raises...
This letter refers to the article ‘The good, bad, and discontented’ by Aman Rehan. The article discusses the...
The alarming rise in petrol prices is a threat to our industries, particularly construction, which is intrinsically...
