Pakistan needs immediate debt relief

KARACHI: Pakistan needs immediate debt relief by the donors to recover and accelerate the wheel of the economy through reschedule and write-off.

This is the routine practice of the International Financial Institution to provide relief to borrower in especial financial crisis situation.

Pakistan has right to put up the case in front of international financial donors to debt write-off, because it has became front line state against war and terror to protect the world on the cost of her lives and money with USA and other alliance.

In this unfavourable environment to attract investment from abroad is not easy to Pakistan.

Pakistan has only one option to focus on mobilisation of indigenous resources to invest in public sector rather private sector.

It is moral responsibilities of the IMF and other International donors to provide soft loans to maintain balance of payments and to make faster economic growth to create new opportunities for dive unemployment rate

Through stable macroeconomic policies to curtail consumption and increase supply side for getting self-reliance which will reduce dependency on external assistance