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JourneytoProsperityby2030Pakistan28JourneytoProsperityby2

 
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MessagePosté le: Sam 8 Juil - 10:24 (2017)    Sujet du message: JourneytoProsperityby2030Pakistan28JourneytoProsperityby2 Répondre en citant


Journey to Prosperity by 2030 - Pakistan (Journey to Prosperity by 2013-Pakistan)
by Muhammad Ejaz Sandhu



>>>DOWNLOAD BOOK Journey to Prosperity by 2030 - Pakistan (Journey to Prosperity by 2013-Pakistan)


Today Pakistan is facing several socio-economic challenges. Energy deficient economy of 185 million people has a demand that fluctuates between 17000 to 18000 MW. The deficiency varies between 2000 to 5000 MW. The mismanaged pricing and privatization strategy in energy sector has led to economic recession that is evident from a decrease of -8.2% in large scale manufacturing industry. This results in decrease in exports rendering a trade deficit of to the tune of USD 12.5 billion. In turn trade deficit and decline in large scale manufacturing creates pressure on the economy and generates unemployment. It is this unemployment, decrease in production closure of industry and growing population that heavily contributes to the mounting inflation, which according to state figures is hovering around 11.5% CPI. State Bank of Pakistan, Ministry of Finance and Federal Bureau of Statistics all quote different figures of inflation, according to independent sources it is 23%. To add fuel to the fire money lending is taking place at around 17% of the borrowed money. The war on terrorism has ripped apart the economy, it has completely destroyed infrastructure in Khyber-PK and has caused damage to national exchequer to the tune of USD 50-60 billion. The lost opportunity cost due to law and order situation and bomb explosions has created further void in domestic and foreign investment. The decrease in domestic investment was 0.6% while the decline in FDI was recorded at 43% in 2009-10. Direct taxation is only 38% of all revenues forcing poor people to go further below the poverty line while facing the burden of indirect taxation of Rs 636 billion. The governance is marred by corruption lack of coordination within state institutions. Look for instance agriculture that produces 43% labor with employment for which water is the lifeline. There is a decline of 26% in water storing capacity in the reservoirs but no large construction has been made in the last three decades to manage the problem. Due to corruption and social injustice the social fiber of the society is on the brink of destruction. The national economy is now on crutches of donor agency and international debt traps. The foreign debt is around $ 54 billion. The so-called IMF and World Bank driven ‘tax reforms’ that are aiming at levying VAT from October 1, 2010 is bound to have a negative impact on economy.






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