The article share here is written by Yusuf Nazar and Published in Financial Time on 22 August
https://www.ft.com/content/12b8f7bc-a555-11e8-a1b6-f368d365bf0e?sharetype=blocked
Imran Khan must reform Pakistan’s rent-seeking economy https://www.ft.com/content/12b8f7bc-a555-11e8-a1b6-f368d365bf0e?sharetype=blocked via @financialtimes
Pakistan needs to make at least 15-20 year plan which includes restructuring, reforms to enhancing growth... How? and What should be it?
1. Let it lose, what? Exchange rate and Monetary Policy.
2. Remove investment constraints in Productive sector. Whats needed? Regulations? Do it. Inclusion of exempted Sector, do it. Rationalise Tax rates, do it.
3. Beggars are not the choosers. Do we want foreign investment to come? on our terms, good. on their terms, negotiate. 34.5 percent CPEC project's return is tooooo high.
4. Remove anti exports bias of all forms. Make it very simple, we have import dependent growth, no problem but start using indigenous resources without going into import substitution. In short, we cannot restrict imports so let's start exporting more. Take measures to boost growth but measure should be more than just mere incentives to exporters.
5. Remove SROs, DOs, Discretionary funding and eventually rent seeking or revenue seeking.
6. Low resources is one of the constraint so each buck should have benefit, thus needs for RBM Models. PC-IV and PC-V needs to be implemented.
7. Small bottlenecks should not be a constraint, make SOPs.
List continues....
https://www.ft.com/content/12b8f7bc-a555-11e8-a1b6-f368d365bf0e?sharetype=blocked
Imran Khan must reform Pakistan’s rent-seeking economy https://www.ft.com/content/12b8f7bc-a555-11e8-a1b6-f368d365bf0e?sharetype=blocked via @financialtimes
Pakistan needs to make at least 15-20 year plan which includes restructuring, reforms to enhancing growth... How? and What should be it?
1. Let it lose, what? Exchange rate and Monetary Policy.
2. Remove investment constraints in Productive sector. Whats needed? Regulations? Do it. Inclusion of exempted Sector, do it. Rationalise Tax rates, do it.
3. Beggars are not the choosers. Do we want foreign investment to come? on our terms, good. on their terms, negotiate. 34.5 percent CPEC project's return is tooooo high.
4. Remove anti exports bias of all forms. Make it very simple, we have import dependent growth, no problem but start using indigenous resources without going into import substitution. In short, we cannot restrict imports so let's start exporting more. Take measures to boost growth but measure should be more than just mere incentives to exporters.
5. Remove SROs, DOs, Discretionary funding and eventually rent seeking or revenue seeking.
6. Low resources is one of the constraint so each buck should have benefit, thus needs for RBM Models. PC-IV and PC-V needs to be implemented.
7. Small bottlenecks should not be a constraint, make SOPs.
List continues....
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