Policy Statement for Growth of Pakistan:
Pakistan needs to expand SME (Small and Medium Enterprise) by slowing down inflation means decreasing interest rate to under 10%. Govt. is the leading borrower of funds from commercial banks and the banks are happy to lend them because they secured their loans by giving loan to govt. and big businesses.
Govt. needs to control their expenses and privatize all loss-making entities. Govt. should incentivize export-oriented sectors by giving extra rupee against 1 dollar inflow to Pakistan. Pakistan Govt. should adopt China’s Tax-free zone concept for multinational companies.
According to my observation, the fifth revolution came in the shape of skills-based earning, so Govt. should open technical skills learning institutes especially remote cities. And the most important point is political stability.
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To be continue....