Shakeel Ramay (Senior Analyst): If you look at the economic situation of Pakistan, I think the government did not have any other option but to increase taxes. It already utilized all the other various options available. However, the government needs to enhance tax base and not just increasing the existing rate of tax. In Pakistan, tax to GDP ratio is very low in comparison with other countries. The history of Pakistan shows that every government tried to improve agriculture sector and came up with plans to revolutionize this vital sector. But in practical terms, the sector could not be developed up to the mark. We have to wait how the policy of current government related to agriculture unfolds in real terms. The recently announced Investment Facilitation Council also sees increased role of agriculture. Government needs to create balance between tax and non-tax revenue.

Dr Aliya H. Khan (Economist): It is very important for Pakistan to resume the stalled IMF program, as it will open new avenues of financing for the country. It will bring economic stability besides improving the confidence of foreign investors on the country. We also have to take forward our public sector development program besides creating job opportunities and reviving the industry. Pakistan needs to be in solvent position to be able to repay its foreign debts and that is only possible when country is on path to economic stability. Continuity of policy is also very important and new governments need to carry the policies made by the previous government.