Actually, in growth and development lies our salvation. We must know without any doubt that the easiest and surest way of moving ahead is to stand on our own feet. Foreign aid, can keep us afloat but won’t allow us to swim. The biggest factor in any victory is self confidence. Anti-thesis of terrorism is education coupled with economic emancipation.
As such, the nation must embark upon the following agenda, without any loss of time:
1. Request to all foreign donors for a 5-year moratorium on all debt repayment by Pakistan.
2. 20 percent per annum reduction in all non-developmental government expenditure, plus total freeze in all perks paid from the national exchequer, involving foreign currency.
3. Increase in productivity and exports with liberal tax relief to industry, commerce and trade.
4. Target for 20 percent per annum increase in foreign remittances by offering innovative incentives to expatriate Pakistanis.
SYED NAYYAR UDDIN AHMAD
Lahore
