Measures to help the economy – Latest News – The Nation

The federal government has decided to reduce the gasoline quota for civil servants and the cabinet by 40%. The Department of Energy has recommended instituting work-from-home policies in offices on Fridays to reduce fuel and energy demand. In my opinion, it is time to leave or give up our life of luxury at the expense of the state to play a significant role in the evolution of our economy.

The above actions taken by the government could be seen as secondary measures and may not be as helpful in moving our deteriorating economy forward. For the primary steps to move our economy forward with strong determination and a practical approach in the right direction, we need to consider the following steps:

1) In government offices, there must be a total ban on the use of inverters/air conditioners, except at the highest levels, including the offices of ministers and secretaries.

2) The government should put in place a mechanism for petrol stations to ensure the sale of fuel with the registration of the vehicle/bicycle registration number on the fuel receipts for the purpose of FBR data. There must be a check for monthly usage over 300 liters for private consumers for income tax purposes and filing status.

3) The government shall not develop and allocate houses, flats and land exceeding 10 Marlas on an ownership basis in a state housing corporation drawing funds from the National Exchequer. The size of houses/apartments/plots must be 3 marlas, 5 marlas, 8 marlas and 10 marlas to accommodate all ranks or classes of officials.

4) There must be additional taxes on houses/apartments exceeding 10 marlas and electricity units used more than 800 units per month. We must seriously concentrate on expanding our exports and reducing the level of imports. The import of vehicles of new vehicles must be prohibited to control our foreign exchange reserves. All imports should be banned which could be produced in Pakistan with quality assurance and reasonable prices.

5) All religious visits by heads of state, cabinet members and government officials should be self-funded.

6) We must develop our rural areas as much as possible to generate sources of income for rural residents.

7) Taxpayers’ money should be used equally by all categories of people living in Pakistan. We should not see much difference in public hospitals, schools and electricity/water supply in urban area and in remote areas.

8) There must be strict control over the use of public funds and any embezzlement of funds must not be tolerated and the rule of law must prevail at all levels without any procedural delays.

9) Additional dams are needed to overcome energy crises due to the growing needs of the population. State policy makers need to give serious thought to the growing population problem, as it could negatively affect our national resources in the years to come.

10) The resources of our State Departments will continue to face budgetary problems if we do not control the theft in the water supply. Sui gas connections, electricity consumption and bribery are left open to all. All single item purchases over Rs 50,000 must be linked to CNIC/passport number and sales data record must be linked to FBR data.

11) In today’s world, no developing country can improve the economy without foreign investment and especially investment of a direct nature and for this purpose we need a conducive business environment in Pakistan. For a favorable business environment, we must first control our law and order situation, which may not be so attractive to foreign investors. It is also necessary to encourage local investors to invest in local industry.

12) We must expand our relations with other countries and especially with neighboring countries for mutual interests without compromising our identity as a Muslim country. The above steps will help evolve our economy.

Khalid Mustafa,

Islamabad.

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