Islamabad: Dr. Ali Salman (Economist): Pakistan has gained significant stability at the micro-economic level and announced reforms for further improving the environment for investment in the country. The government has also started implementation of these economic reforms and business organizations have also started following those guidelines. Moreover, the government has accepted a large number of demands of investors, exporters, and the business community. Therefore, we may also expect further development and progress in this sector by cutting the interest rate. Our energy and taxation rates also need to be rationalized because they are quite higher compared to our competitors. Moreover, exporters are also demanding the government avoid receiving advance tax on exports. Our development budget must be decreased as it has swelled a lot so that the government may spend more on human resource development, human capital, and other social development sectors.
According to Radio Pakistan, the measures taken by th
e government have been welcomed by various stakeholders as a positive step towards economic stability. The focus on reforming the economic environment and addressing the demands of investors and exporters is seen as crucial for fostering growth. The emphasis on reducing the development budget to allocate more resources towards human resource development and social sectors indicates a strategic shift in priorities. The call for rationalizing energy and taxation rates highlights the need for Pakistan to enhance its competitiveness on the global stage. The government’s efforts to respond to the feedback from the business community reflect a collaborative approach to economic management.