This refers to the news report ‘Pakistan needs $8-10 bn to avoid IMF loan’ (July 28). To meet the twin challenges of budget deficit and external account default, there are some steps that the PTI can take. First, the party should put a ban on the import of luxurious, non essential goods. Second, it must give large financial packages to exporters to augment exports. Third, it should restore 2016-17 tax rates to increase the revenue. Fourth, it must introduce tax on agriculture income. Fifth, it should reduce the salaries of parliamentarians by 50 percent. The nation has been living beyond its means for quite a long time. The ill-thought-out policies of previous governments have also had drastic effects on the country’s economy. Drastic measures are required if Pakistan wants to avoid the IMF bailout package. If the PTI government does not take bold steps, it will find it difficult to deal with the debt crisis.
Huma Arif
Karachi
Quality education remains a grave challenge in this country and low quality education kills the talent of Pakistan....
We are told that galloping inflation has been tamed and fallen to the single digits. But the market realities tell a...
Malnutrition is a growing issue affecting millions worldwide. Globally, approximately 150 million children under the...
Islamabad is ranked as one of the most beautiful capital cities, but the current situation has left many of us feeling...
As Pakistanis, we are not truly free anymore. The government is choking the love and hope out of the youth with their...
It is a well-known fact that people often do not get all the petrol that they pay for at the pump due to the...
