Ishaq Dar, the federal finance minister, has made some suggestions that the government launch the socio-economic road map of the Pakistan Outlook 2035, which includes new policies to boost exports and structural reforms to the economy. If the multi-party coalition government’s suggested steps to end the terrible economic crisis that Pakistan has been going through are put into action, the nation will not only emerge from the current crisis but also move into new stages of construction and development. The new roadmap needs careful planning in order to be worthwhile for implementation and drive the nation toward quick and sustainable development. It will also help in solving the problems that the country is currently facing in the form of inflation, unemployment, and recession.
But we have seen several such programmes with lofty and exalted titles launched and later died in the past. In the previous four years, Pakistan began to resemble Sri Lanka more than Singapore, according to the finance minister, who was speaking to an audience in Dubai. The government of the day allowed the dollar to circulate freely, sinking the nation’s economy. He asserted that the value of the dollar and the rupee will soon be equal. Due to affordability concerns, economic measures like a deal to buy oil from Russia are urgently needed. In this regard, American officials should be informed in no uncertain terms that Pakistan will purchase oil from Russia at the same price and under the same conditions that India is. Pakistan must also carry out the IMF programme in addition to those requirements. The Outlook 2035 will begin in 2023 because the nation’s economy currently requires structural improvements. Only by adhering to a consistent policy framework for around ten years will this objective be accomplished. Political stability in the nation is required for this. However, the initiative will be impacted by the current effort to seize power by all legal and unlawful means. In order for the nation to address economic issues, political parties should at the very least come to an agreement on economic fundamentals. At this point, the nation needs a solid economic foundation. Everyone should keep this maxim in mind.
