Economic crisis linked to politics

Recently, Federal Finance Minister Ishaq Dar said in a statement that we have to learn to live without the IMF, Pakistan was not made to default, it was also revealed that the foreign debt was reduced by four billion dollars, the deficit will be controlled.

He hoped that the IMF program would be signed soon and the board meeting would also be held. This is a very promising statement. It seems that Pakistan’s economic managers are working in the right direction.

Everyone knows the reasons why the seriousness of economic and economic crisis has increased in Pakistan. Inadequate and stagnant economic and economic policies have not put the development process on a sustainable footing. In an effort to benefit one sector of the economy, other sectors have been neglected.

Agriculture was harmed for industrial development, the business class was benefited by tying the hands and feet of the farmers, America, Europe, Saudi Arabia and international financial aid continued to be provided, but as soon as the situation changed, Pakistan’s economy The people responsible for running the country have no economic plan and strategy, thus the crisis deepened.

Along with the economic crisis, the political crisis made the situation more dangerous, climate change and terrorism took a toll, and the relationship between the state and the people also became a victim of indifference. The elites are responsible for this economic crisis which has put incompetents, friends and relatives in the driving seat of the country’s economy instead of talent and enterprises.

Economic decisions of the country should be made for 33 crore people and not for the privileged few. The government and the Federal Minister of Finance have been repeatedly promising to settle matters with the IMF, but the final agreement has not yet been reached. Do not worry.

It is gratifying that the federal government is paying attention to the suggestions of the stakeholders to increase the foreign exchange reserves and stabilize the exchange rate.

After the Standing Committee of the Senate, the Standing Committee on Finance of the National Assembly has also called the representatives of the exchange companies for a briefing. There has been a demand to relax the conditions for the forex trade market, including removing the ID card requirement for the purchase and sale of 10 to 15 thousand dollars.

At present the common man’s problem is inflation, the prices of essential commodities are going up. Political parties are busy fighting the battle of interests, courts are hearing political cases, it seems that they do not have a sense of public problems and difficulties in their hearts, every stakeholder is not going ahead of their interests and power games. is not coming out, it is not only difficult but impossible to deal with the state like this.

Changes have been made in Europe, Japan, China and South Korea with the passage of time, this is the reason for peace and prosperity there. It is necessary to change the politics and governance in this era of awareness. A fair distribution of wealth should be started. Feudalism and capitalism should be seen from a new perspective.

It has become very important to eliminate the loopholes and ambiguities in the constitution, to eliminate the dictatorial and fascist mentality. Until this mentality is eliminated, there can be no stability in politics, economy and society. This is the time to close your eyes like a pigeon and not to open them, the situation is not what it was a few years ago.

The journey of awareness has completely confused the minds, people have got the idea that they have been kept in the dark by the elite under a plan, they have been kept in the circle of poverty and injustice, and they have been made weak and powerless. They became the owners, they kept wiping their hands on the cross considering the country’s treasure as an inheritance, now when the treasure is empty, there is a noise.

The responsibility of the most serious economic crisis cannot be put on a single political party or institution. Everyone including political parties, religious leadership, scholars, establishment and bureaucracy has a hand in bringing the country to the brink of destruction.

The most responsible group for the country’s economic crisis is the powerful elite, who brought the country into crisis by making wrong policies, corruption, obtaining illegal privileges and waiving loans, and then pretending to be the IMF. The entire burden of decisions has been placed on the people.

This class is present everywhere, it also gets the support of some politicians, they also get relief from the institutions, so even today, to correct the budget deficit, reduce lavish government expenditure, reduce the size of the cabinet and eliminate corruption. Instead of taking effective measures, the entire burden has been placed on the poor people.

Black money has been encouraged in the name of tax amnesty, Pakistan has been damaged by turning a blind eye to dollar smuggling and agreements with the IMF have also been broken for their own political gain. Most of the responsibility of the current crisis is imposed on the country’s elite, who have taken privileges of 4000 billion, even if they give up privileges of 2000 billion, even the common man can get relief.

The best 22 percent of Pakistan’s agricultural land is currently owned by one percent of the elite who earn 950 billion rupees annually and pay only 3 billion rupees in taxes. On the other hand, four hundred and fifty billion rupees are taken from poor people by taxing food items including ghee, tea and drinks. In a short period of just eight years, the country’s debt has doubled.

Pakistan has debts of one hundred and twenty six billion dollars. This crisis is created by governments. Thirteen billion dollars are required for debt repayment every year and five to six billion dollars are required every month for essential imports of the country.

The country should first be managed to get out of the political crisis because without this economic stability cannot come, balance the budget, increase the tax revenue in every way and end the subsidies.

People should be given an opportunity to play a role in the country’s economy by training and “value added exports” should be encouraged. Payments will be spent and after some time economic crisis will arise again.

A dire situation has arisen at this time, extraordinary and bold measures are needed to get rid of it.

There is no room for the culture of encirclement and law-breaking in politics. The democratic system gives freedom of expression. There is no such country where there are freedoms without responsibilities and duties. Freedom of expression and political freedoms are possible within the ambit of law.

The main objective of political parties is to bring their political manifesto to the people in their favor so that they can form the government by getting majority in the election and after forming the government they work to implement their manifesto but the political culture in Pakistan. It is so weak and caught in the clutches of personality that the party manifesto has no importance left. Whatever the leader of the party says is the party manifesto.

Elections are going to be held in a month or six months later, it is certain that the elections are going to be held in any case. Mainstream political parties have not yet started working on their manifestos. It is going on and on. There is a breakdown even within the institutions. In such a case, how will the economy develop? No one has any solution.