Monday, 06 January 2025, 01:31:47 am


 
Economist appreciates govt’s measures for revival of economy, welfare of masses
January 03, 2025

Zamir Asadi (Economist): The government has initiated the "Uraan Pakistan" plan to make the country an economy of three trillion dollars by 2047. The completion of this mega project is quite possible keeping in view the efforts made by the government in difficult times in order to strengthen the economy. The inflation has already reduced to the single digit. The government is making all out efforts to attract the foreign direct investment from friendly countries in different development projects. The coordinated efforts and political stability in the country is the need of the hour. The government is giving prime focus on increasing exports volume. Pakistan stands to gain immensely from prioritizing its export sector, as its expansion guarantees higher economic growth rates, greater employment, fiscal stability, and a range of positive externalities. Diversifying the exports is vital for our fragile economy. Managing the current account deficit will lead to the emancipation of the state from the clutches of the various neo-colonialist masters. Moreover, Pakistan can exploit its youth’s potential by imparting free technical education in line with the demand of the Gulf, European and Japanese markets. .