Thursday, 23 January 2025, 11:53:45 pm


 
Analyst says continuity of economic policies to bring economic stability in Pakistan
January 23, 2025

Hamayun Iqbal Shami (Economist): At present rehab process of economy is underway as the rescue operation of economy has been completed successfully. We see growth in almost every economic sector. Continuity of economic policies will bring further economic stability. Discontinuation of policies damaged our economic development in the past. SIFC was formed to ensure continuation of economic policies even after the change of government and it sent a good message to foreign and domestic investors. As a result of assurances from SIFC, international and domestic financial corporations have started making long term investment plans and strategies. Now it should be made clear to everyone in the country that strong economy is must for a strong nation. In this regard we must cut unnecessary expenditures of the government. The federal government must devolve maximum functions and sectors to the provinces. It will improve the performance of the government at both the federal and provincial level. Pakistan possesses potential to revamp its resources for economic development indigenously so we can reduce our dependence on foreign financial assistance.