Need stressed for collectively evolving charter of economy

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The Coordinator to Federal Tax Ombudsman Meher Kashif Younis Sunday vehemently urged the government, all mainstream national political parties and chambers of commerce and industries to evolve a collectively viable charter of the economy with consensus to put the country on the track of uninterrupted economic development.

Chairing a seminar on “ The need of Charter of Economy” held under the aegis of Gold Ring Economic Forum,a strategic think tank, here today he said at this critical juncture of time since inception there is a dire need for drastic economic reforms for the revival of the economy. He said Pakistan has suffered severely from the Russia-Ukraine conflict, floods havoc, and the Corona pandemic, as have most other countries.

But Pakistan has also been confronted with a chronic economic crunch, even before the pandemic, for decades. He said low growth rates, high levels of debt, spiraling inflation, low productivity and poor competitiveness have, among other factors, contributed to widespread poverty and slowed down the pace of economic growth and development in Pakistan.—APP