Quote:
Originally Posted by Naveed_Bhuutto
Q.4How Pakistan can reduce foreign debt? Suggest mechanism in Pakistan economy to handle external perspective of Pakistan economy. (CSS-2011)
Introduction
Overview and Comparison:-
Pak Total Debts: $130 Billion
USA Total Debts: $15 Trillion
China Total Debts: $1.3 Trillion
Pak External Debts: 67 Billion
Printing of Currency in Pakistan
Rs: 1.5 to 3 Billion/day
This much amount of printing leads to Inflation
Pak recent Inflation rate Almost 10.9%
Inflation in other countries: Zimbabwe worst effected
100 Billion Zimbabwe Dollars can buy only 3 eggs.
Remedies to Reduce Foreign Debts:
- Tax Reforms
- Rapid Economic Growth (i.e. 6% in 2008 and 2.4% GDP growth rate in 2012)
- Foreign Investments
- Promote Economist & Research Scholars
- Eradicating Corruption
Mechanism to Handle External Perspectives of Pak Economy
- Reduce Govt Expenditure
- Stable basis for Growth
- Getting of Roller Coster Economy
- Reduce Balance of Payments
- Promote Export
- Reduce Imports
- Expanding Trade Basis
- Implementation of RGST
- Proper Collection and Utilization of Public Finance
- Promote Free Trade with Neighbors
- Encourage FDI's
- Foresightedness in Policy Making
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Brother, the facts and figures you have mentioned here are the updated or you have attempted according to the the figures of year 2011?
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Wednesday, December 04, 2013
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