16th World Urdu Conference 2023 under the title “Economy Swamp: A Way Out”

0
39

Any government which does not focus on the development of the growth rate cannot develop the economy: Fawad Hasan Fawad.
KARACHI
Federal Minister for Privatization Fawad Hasan Fawad said that the country can be taken out of the swamp of the economy when we think that we have to get out of it and for that we have to work ourselves. If the real estate and feudal lords have a majority in the assembly in the upcoming elections, it will be difficult to get out of the country’s economic quagmire, so the next few weeks are very important for the people of Pakistan.
He expressed these views while addressing the most important session of the third day of the 16th World Urdu Conference, “A Way Out of the Swamp of Economy”. Bank of Punjab President Zafar Masood and economic analyst and writer Kazim Saeed also addressed the program while Amber Rahim Shamsi served as host. Fawad Hasan Fawad said that the local government system of Pervez Musharraf was very important for the development of this country but we handed over this sector to the provinces in the 18th amendment without seeing what they have to do.
He said that the main reason for the quagmire in the country is the increase in population. We cannot get out of the economic quagmire with a three percent increase in population. A three percent increase in population is an obstacle to development. Done, it needs reforms and the third thing is the taxation system. If we collect only 8% tax, there will be a lot of improvement.
He said that political parties ruled for half the time, but only Zulfikar Ali Bhutto had economic manifesto, after that no political party came to government. Even today, our three major parties do not have any economic manifesto. If people will vote for political parties without economic manifesto, then after coming into government, people will not have the right to ask these parties.
He said that all the leaders who came to Pakistan wanted to take Pakistan out of the quagmire, but wishful thinking is one thing and doing practical work is another thing. He said that any government that does not focus on the development of the growth rate cannot develop the economy.
He cited China as saying that in the 60s and 70s, millions of people died due to lack of food, but they prospered. He said that there is a need to focus on agriculture. If the real estate and feudal lords will have a majority in the assembly in the upcoming elections, it will be difficult to get out of the country’s economic quagmire, so the next few weeks are very important for the people of Pakistan.
Zafar Masood, president of Bank of Punjab said that unfortunately we have settled on the idea that ‘the system will continue as it is’, this ideology needs to be changed and we should think about changing it, he said that until They cannot get out of it if they don’t recognize it and make a plan to get out of it. He said that we will remain stuck in this swamp. Kazim Saeed said that economic development and poverty eradication is in the growth rate