Temporary respite claimed by Gohar Ejaz regarding loans
Gohar Ejaz, a former caretaker federal minister and Chairman of the Economic Policy and Business Development think tank, has put forward a roadmap for Pakistan's economic revival. The focus of this plan is on long-term sustainable growth, rather than temporary relief through personal loans or student loans.
Ejaz urges policymakers to prioritise reforms that allow trade, industry, and investment to flourish. He believes that these sectors are the 'real engines of growth' for Pakistan's economic revival. To achieve this, he suggests creating a business-friendly environment and providing industries with a level playing field comparable to regional competitors.
Ejaz's roadmap does not involve the use of ICUs or ventilators, but is a metaphorical comparison to illustrate the dangers of relying on loans. He compares borrowing to putting an economy on ventilator support, stating that it does not cure the underlying illness. Instead, he emphasises the importance of addressing the root causes of economic instability in the Pakistani economy.
In a broader discourse on Pakistan's economic policies and strategies, Ejaz's remarks about borrowing and economic revival are significant. He believes that sustainable growth in Pakistan cannot be achieved through new personal loans or the rescheduling of old debts.
Ejaz's optimism for Pakistan's economic future is evident. He believes that given its large population, Pakistan has the potential to become the fifth largest economy in the world. However, he stresses that this can only be achieved through sustained efforts towards trade, investment, and industrial activity in the Pakistani economy.
While Ejaz praises a trade deal with the United States, he does not provide specific details about the deal in this paragraph. The specifics of his roadmap for Pakistan's economic revival are not discussed in this context.
The proposals for an economic renaissance of Pakistan, emphasising that sustainable growth cannot be achieved through new personal loans or the restructuring of old debts, were made by Imran Khan. The context of Ejaz's remarks is a discussion about Pakistan's economic situation and potential solutions for reviving the Pakistani economy.
In conclusion, Gohar Ejaz's roadmap for Pakistan's economic revival emphasises the importance of long-term prosperity rather than temporary relief through personal loans or student loans. He urges policymakers to prioritise reforms that allow trade, industry, and investment to flourish for sustainable growth and economic well-being in the Pakistani economy.
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