Economy woes

Author: Daily Times

Sir: When it comes to the economy of Pakistan, instability is a constant. The weak currency of Pakistan is portraying the correct image of our economic downturn. The international value of the Pakistani Rupee and the position of Pakistan in the stock market is steadily declining.

The infrastructure of three out of four of our provinces also demands the attention of the government. It is clear that the taxes paid by the people are not being utilised to produce revenue. Weak currency is evidence that the people of Pakistan are producing good revenue but it is only the upper class which can take advantage of this. The International value of the Pakistani rupees is giving clear cut evidence; due to lack of usage of current resources economic downturn is visible.

Imports are becoming more and more expensive and those who are able are shifting their wealth to other countries because they are fully aware that the economy of Pakistan is heading towards the destruction. It is no wonder that the wealthy prefer other countries over Pakistan.

LAIBA NAVEED

Lahore

Published in Daily Times, December 22nd 2017.

Share
Leave a Comment

Recent Posts

  • Business

Pakistan-Romania business delegation meets Presidential Advisor to boost trade

A delegation from the Pakistan Romania Business Council (PRBC) met with Legal Affairs Advisor to…

9 hours ago
  • Business

Pakistan joins fossil-fuel non-proliferation coalition to embrace a renewable energy future

Pakistan has joined a coalition of climate-vulnerable countries advocating for a global fossil-fuel non-proliferation treaty,…

9 hours ago
  • Business

High remittances flow crucial in financing deficit, debt repayments

The Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) Businessmen Panel (BMP) has said…

9 hours ago
  • Business

Small industry needs govt special focus to generate employment: APBF

The All Pakistan Business Forum (APBF) has said that the value-added small industry should be…

9 hours ago
  • Business

PITB team visits SCCI

A team of Punjab Information Technology Board (PITB) visited Business Facilitation Centre (BFC), and Sialkot…

9 hours ago
  • Business

China, Pakistan share latest non-wood forestry findings

Chinese and Pakistani academic achievements in resistant rootstocks for economic forests and grafted and fodder…

9 hours ago