These days the revolutionary spirit has permeated the Arab world giving an illusionary belief to different pseudo- intellectuals in Pakistan who are busy in such calculations here. But, in Pakistan the real problem is not of bread and butter but of terrorism and extremism plaguing economy and polity.
The current government has inherited this baggage along with empty state treasures from its predecessors. Everything may not be possible to be mended in one go. Despite that, the country has unprecedented reserves of $ 17bn, stock exchange index points around 12,500 and foreign remittances above $ 10bn. Revenue generation and fiscal deficit are intertwined issues but with mutual consensus revenue generation can increase. This is possible only when the government is allowed to do so by bringing tax reforms.
In this regard, provinces with their increased financial and administrative rights (gained through 18th amendment) can play a pivotal role by reducing their expenditures and increasing revenue generation.
A concerted effort by both the provincials and federal government is required along with the support of independent judiciary.
HEENA KHAN
Lahore
