Govt steps to improve economy


Devastating floods are the biggest challenge currently being faced by Pakistan due to heavy rains in the region. The devastating situation is being observed in Punjab, Sindh and Balochistan. The destroyed bridges and unconnected roads are making it more difficult to provide relief to the affected people. People have now started returning back to their homes. In some areas, things have started to normalize. The government has to provide more employment opportunities, so that affected people can feed their families. We should wait for the impacts of improvement in economy after the induction of Finance Minister Ishaq Dar, as he was out of the country and will take some time to tackle these issues. But, banking management is the area of expertise of Ishaq Dar and he will definitely work in this regard. Finance Ministry is a hot seat and whoever sits on it holds great responsibility. We have to reinvigorate our agriculture sector as well as taking steps to improve the IT sector. We have to look for economic and trade cooperation with the leading world economies such as China, Russia, and the US. The people, state and government of Pakistan are the custodian of CPEC, and we must take it forward for the betterment of the country.
Economy is a constant issue in any country of the world. Therefore, in order to save our economy we have to develop more economic and trade cooperation with other countries. We have to develop new policies and work efficiently to further strengthen various sectors which can become an asset to the country. We think a charter of economy should be signed to get the economy stable. The newly appointed Finance Minister Ishaq Dar understands the issue of foreign currencies quite well and he is in a position to handle it. Whether Finance Minister is Ishaq Dar or any other, permanent policies have to be developed to get the inflation in control. There are many internal and external factors involved in the fluctuation of dollar rate.
Previous governments also vowed to work on various reforms, but we have not seen any difference in the economy. Thirty rupees per unit price for electricity is totally unaffordable. So, we have to work in the energy sector to provide the much needed relief to the people. There are various ways to produce cheaper electricity and Prime Minister Shehbaz Sharif has singled out solar energy to achieve this goal. We must congratulate Prime Minister for working expeditiously to revive the economy. We need efficient and timely working on this matter, before it is too late. Currently, all the productive industries require restructuring measures to strengthen the economy. We also have to work on our taxation system. We have very good policies regarding our energy sector, but we are still grappling with the issue of load-management.