Economists in a conference here on Thursday stressed the need for bringing institutional reforms besides economic reforms for macroeconomic stability and development in the country.
While addressing the concluding session of the 3-day 18th Annual General Meeting and Conference of Pakistan Society of Development Economists (PSDE), the economic experts also asked for continuation of economic polices and reforms process for sustainable socio-economic uplift of the country.
They also asked for eliminating the technocratic culture from the ministries and concerned departments
The three day (13-15 November) conference titled, “Economic Reforms for Productivity, Innovation and Growth” has been organized by PSDE in collaboration with Pakistan Instituted of Development Economics with an aim to provide the economists a platform to share their knowledge about economic issues and help find their solutions.
Speaking on the occasion Deputy Chairman Planning Commission, Dr. Nadeem Ul Haq said that it is the vital role of academia to promote the research culture for bringing the new ideas of economic reforms by discussing and debating the ground realities.
He said that Planning Commission in collaboration with USAID has initiated the capacity building programs for youth and the government has also established Economic Reforms Unit with in the Ministry of Finance for introducing and implementing the reform process in the country.
“We need to look into the expenditure side besides enhancing the tax to GDP ratio and addressing the management issues for rapid macroeconomic stability and development. Addressing the conference, former Governor State Bank of Pakistan, Dr. Ishrat Hussain termed the stabilization and long term structural reforms as important components for the development of the country. He said that economy has to be stabilized with the help of fiscal consolidation widening of tax net and mobilization of domestic resources, cutting down the state owned corporations.
