Saturday, 21 May 2022, 08:54:44 am
Analysts hail sagacious approach of PTI-led government to manage economy
January 07, 2022

Dr. Mirza Ikhtiar Baig (Economist): The pandemic has indeed brought economic turmoil worldwide. It was quite tough for the developing countries like Pakistan to bear the economic crunch. The PTI-led government should be lauded for their pro-poor economic policies even in the harsh times of pandemic. The critics of the recent Financial Supplementary Bill should have a glimpse of the government's subsidy policy amid pandemic that reduced the sales tax and other duties to the lowest as compared with other economic giants. Pakistan has now decided to adhere to the IMF plan and reversal of the government's subsidy plan was Fund’s fundamental pre-requisite. The IMF proposed reversal of subsidies worth 700 billion rupees on items of daily use and on services. The Pakistani government has stood their ground and maintained its writ by reversing only 350 billion rupees’ subsidies. The current taxation approach of the government is neither retrogressive nor regressive, rather it is imperative for economic stability in the long run.

Dr. Salman Shah (Advisor to CM Punjab): Pakistan is the only country that kept agricultural, industrial and services sector functional and intact amid the pandemic. It was the time when the global supply chains were disrupted and even the developed countries were in despair due to countrywide lockdowns. But, Pakistan well managed the supply chain disruptions with rational and effective policies. Even after the pandemic, the economy of Pakistan is blooming and satisfaction of the farmers in the agricultural sector is a perfect testimony. The farmers have been facilitated by Kissan cards in Punjab, helping them with financial subsidies and offering them competitive price for the crops in the market. Prime Minister Imran Khan has envisaged transforming the agricultural sector of Pakistan by improving seed quality and irrigation systems that will help in achieving the anticipated goals. Pakistan is facing the phenomena of urbanization and the incumbent government has rightly decided to revisit the master plan of every city. This step will help Pakistan curbing the dilemmas associated with the population bomb like unemployment.

Nadeem Raza (IR expert): Since Modi took over the reins of India, the entire South Asian region has turned into destitute state due to India's radical policies. The minorities as well as majority in India are being subjugated due to Modi's fundamentalism. Every religion endorses respect of women but such ethos are absent in the Modi's India. The recent shameful incident of auctioning Muslim women via internet depicts that the mentality of Indians coincides with their fanatic leaders. The silence of international community over this incident is unfortunate as the Muslim community is repeatedly facing Islamophobia. India should understand that the medieval times are over and their leaders need to learn about basic civic manners. India is freely pursuing ethnic cleansing in Illegally Occupied Jammu and Kashmir and no one from the international community batted an eye. It is high time that the UN blows dust from its organs and stops Indian fundamentalism that will eventually disrupt regional peace. 

Waheed Ahmed (Former Ambassador): Modi's government takes aspirations for their policies from Hindutva ideology that propagates that India only belongs to Hindus. It is evident from their oppressive approach towards Christians and Muslim community. Such policies cannot be sustained for long term as subjugation of any community will lead to political turmoil. These minorities have been living in India's mainland for a long time and Modi needs to acknowledge this fact. The international community is not playing an effective role in curtailing the violence and extremism in India. The regional states like Pakistan should engage the international community by being vocal of Indian state sponsored terrorism at international level. The international human rights watchdogs should step forward and do something in praxis to console the plight of Kashmiri people.