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Sheikh
Manzar
Alam
Its pertinent to note that countries having less population like Karachi
have increased their exports more than $70 billion. The Pakistan that
Almighty Allah has blessed it with four provinces, rivers, oceans, minerals
resources, natural fascination in the shape the mountains and catchy
valleys, instead of all we have not been able take the best of them.
In this progressive period neither you need atomic weapon nor conventional
on the contrary countries are being demolished by striking it's economic.
For the last 40-50 years these powers have had a keen eye over economical
situation and its clear example can be witnessed from the newly elected
President of America Barack Obama's statements in which he signaled some
countries to control their economic power including Pakistan.
My clear gesticulations is towards some financial organizations in which
policy makers have similar thoughts like us for instance International
Monetary Fund, World Bank, and Asian Development Bank. They have one
pointed-agenda to never let Pakistan stand on its strong economical
foundations and give such decisions that we have been doing the past. In
this context our financial Minister had to say, "There is no way except WB".
There is no denying fact that he has been gifted us by City Bank and his
thinking can not exceeded from the above-mentioned statement.
Now its our own thinking that we have to gain something from the past 60
years' experiments or not because the current economic position is the worst
than the last sixty years. According to a new report our foreign exchanges
deposits have lessened more than $7 billion dollars and financial loss
continuously increasing. First time in the country dollar has crossed to 85
rupee. Economical experts say, if we had the solutions of all the problems
with IMF, WB, ADB then we would have been economically strengthened not just
as like America or UK but the nearest to them.
As a matter a worry we can not see any solutions of financial crisis from
these organizations rather to our own. The only solution is that, if the
five largest industrialists and traders, the five politicians and the five
bureaucrats transfer their dollars and ponds to this country, then we don't
need to resort of any financial institutions in near future.
So we have to think by getting together about our 60 years policies that how
can we bring into action the blessed resources, which we already have.
Secondly, our slogan being a nation should be "increase export and decrease
import". According to an assessment our financial loss has surpassed to 20
billions and our exports are being decreased and import increased due to
8-10 years policies.
At this time must have decrease our imports and increase exports. When I
talk about increasing export it's clear meaning that we are an agricultural
country and our cotton comes on second after Egypt in the world so as much
as possible we might take the best of it. No country in the world does
export its raw material rather to import its prepared productions at the
other hand first we export our cotton and then import when it needs. No we
should ban on exporting of our raw material and by importing prepared
productions from it we can assure foreign exchange millions in dollars
because we are an agricultural country additionally it has the capacity to
research and experiment there as well. Our political situation will be
stabilised and many more reformations will come into existence. |