AIRLINK 172.19 Decreased By ▼ -0.96 (-0.55%)
BOP 10.59 Decreased By ▼ -0.06 (-0.56%)
CNERGY 8.47 Decreased By ▼ -0.05 (-0.59%)
CPHL 100.30 Increased By ▲ 2.84 (2.91%)
FCCL 46.59 Decreased By ▼ -0.66 (-1.4%)
FFL 15.43 Increased By ▲ 0.01 (0.06%)
FLYNG 27.49 Decreased By ▼ -0.64 (-2.28%)
HUBC 138.80 Decreased By ▼ -0.11 (-0.08%)
HUMNL 12.85 Increased By ▲ 0.04 (0.31%)
KEL 4.47 Decreased By ▼ -0.07 (-1.54%)
KOSM 5.50 Decreased By ▼ -0.05 (-0.9%)
MLCF 61.88 Decreased By ▼ -0.38 (-0.61%)
OGDC 214.00 Decreased By ▼ -0.75 (-0.35%)
PACE 5.48 Decreased By ▼ -0.07 (-1.26%)
PAEL 46.20 Increased By ▲ 1.34 (2.99%)
PIAHCLA 19.01 Increased By ▲ 0.31 (1.66%)
PIBTL 10.62 Decreased By ▼ -0.12 (-1.12%)
POWER 12.52 Increased By ▲ 0.26 (2.12%)
PPL 172.85 Decreased By ▼ -1.02 (-0.59%)
PRL 36.30 Increased By ▲ 0.08 (0.22%)
PTC 23.50 Decreased By ▼ -0.06 (-0.25%)
SEARL 97.75 Increased By ▲ 2.44 (2.56%)
SSGC 40.65 Increased By ▲ 1.52 (3.88%)
SYM 13.90 Decreased By ▼ -0.12 (-0.86%)
TELE 7.20 Decreased By ▼ -0.03 (-0.41%)
TPLP 10.16 Decreased By ▼ -0.13 (-1.26%)
TRG 64.11 Decreased By ▼ -0.57 (-0.88%)
WAVESAPP 10.03 Decreased By ▼ -0.01 (-0.1%)
WTL 1.31 Decreased By ▼ -0.02 (-1.5%)
YOUW 3.70 No Change ▼ 0.00 (0%)
BR100 12,427 Decreased By -64.9 (-0.52%)
BR30 37,605 Decreased By -89.3 (-0.24%)
KSE100 115,803 Decreased By -386.5 (-0.33%)
KSE30 35,582 Decreased By -168.7 (-0.47%)

ISLAMABAD: The only solution to the current economic problem is through growth and export-based industrial investment for which a cut in interest, industrial electricity tariffs and bringing taxation laws at par with other regional countries is imperative.

This was stated by former caretaker minister for Commerce and Industries Gohar Ejaz.

He further stated that the real solution of country’s economic problems is not through refinancing those existing loans from new International Monetary Fund (IMF) backed loans, but it was only one aspect of the current issues.

“The solution is through growth and export-based industrial investment. We have to put our natural industrial and human resources to work. Our economic policy has to lead us towards creating new jobs and prosperity,” Ejaz added.

He further said the only way was to cut interest rate to six percent in next year at par with region and industrial electricity tariffs to nine cents at par with regional tariffs and bring taxation laws at par for all.

The annual budgets area document of direction and commitments of the government it has to be a beacon of hope and opportunity for Pakistan entrepreneurs and the whole world to invest in Pakistan with a clear road map to take the economy from $350 billion to $1 trillion in next 10 years, Ejaz added.

Copyright Business Recorder, 2024

Comments

Comments are closed.