Economic independence?



WHILE inaugurating a series of development projects in Mianwali, Prime Minister Imran Khan emphatically stated that PTI government will only take independent decisions that are in the interest and welfare of the public, adding he will not disappoint the nation and that time will prove it.

One cannot doubt intent of the PM whose initiatives under the umbrella of Ehsaas, Kamyab Jawan and Kamyab Pakistan indicate that he is fully cognizant of the problems faced by the common man.

But while making statements, the PM must not forget that a country that is still struggling on economic front has also to follow the line dictated by international financial lenders.

It is on the directions of the IMF that PTI government is about to introduce a mini-budget in the National Assembly under which tax exemptions will be withdrawn and petroleum prices are also likely to be further increased.

It is only after fulfilling these demands that IMF will release next tranche of loan. Undoubtedly, there is a need to enhance tax collection but those already paying taxes should not be overburdened.

Similarly, tax exemptions should be removed but there are certain sectors, which need help in order to support local industries.

And if petroleum prices go further up, it will trigger another wave of inflation in the country.

The point is if we really want to become a nation taking decisions on its own, we will have to take the country towards economic self-reliance.

Beggars cannot be choosers.To become choosers, we will have to break this begging bowl.

The question is if Iran can survive and perform better under sanctions, why cannot Pakistan move forward when it is not faced with any sorts of restrictions.

For our economic sovereignty, it has become imperative now to take right and timely decisions.

Whilst rising above petty political interests, all political parties will have to agree to the often-repeated proposal of charter of economy.


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