Pakistan’s economic situation: An Overview

The whole time burden of economic misery which is imposed on the broken back of people by the politicians and ruling class does not finish their extravagance. The ruling class and politician should also sacrifice for the economy. They should also give sacrifices for economic development. A large number of government members, delegations have visited foreign countries on poor people’s taxes. In a country like Pakistan where people are in extreme poverty and where Economy is stressed, the amounts allocated to parliamentarians and their benefits have been rising. 

The government should spend public money on the people; rather it is being spent on their elected representatives. If ruling class and politicians take control of their spending it may benefit to national exchequer. It means that the economy may be better. If the government will reduce unnecessary expenses. Simplicity is adopted. Then we can get rid of the specter of corruption. In this case and in such situation our own resources will be sufficient to run the country. The government and empowered people also will have to sacrifice for improving country’s economy. 

All sacrifices will not be put on common people and to tax payers. Domestic economy is having serious problems. But where after a few weeks a Fuel and electricity prices rise and inflation will come in the form of supplementary budget. There national budget is a joke. Budget cannot be a serious unless and until does not provide a solid framework to solve the basic problems. National economic survey acknowledges that during 2011-12, inflation, poverty and Budget deficit has increased. The targets were set for economic development they cannot achieve. One reason for this is the decrease in the value of the rupee against the dollar. 

To improve the country’s economic condition it is necessary that the government reduces its expenses. Government should take concrete steps and beneficial measures to promote investment in the country. Energy resources will have to increase. Exports and foreign exchange reserves will have to increase. If plan has been made to put a further strain on people. Then country will suffer more from chaos.

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