Increased consumerism

Our economy is in a mess and diving deeper by the day. Imports have steadily increased, but exports are on the decline. Our debt sustainability is at risk because revenue collection is under-performing and expenditures are yet not being slashed. When one cannot manage the affairs of a single house without a sound and sustainable economy, how can one run a country of more than 200 million people on a borrowed economy with cosmetic measures and when it is being encouraged to become on the path of consumerism, instead of production?

Nothing much is going to change if our society keeps on marching on the path of consumerism. Our rulers must ponder over this point that economically Bangladesh is developing faster than Pakistan. Its currency is stable and its foreign exchange reserves are many times better that ours.

Hashim Abro

Islamabad