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How pakistan can reduce foreign debts...???
Explain how pakistan Can reduce foreign debts...???
Kindly explain in detail thanks |
#2
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How Pakistan can reduce foreign debt? Suggest mechanism in Pakistan economy to handle external perspective of Pakistan economy. (CSS-2011)
1. Introduction 2. Overview and Comparison Pak Total Debts: $130 Billion USA Total Debts: $15 Trillion China Total Debts: $1.3 Trillion Pak External Debts: 67 Billion 3. 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. 4. 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 5. 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 6. Conclusion
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