A way forward

Editorial Jan, 27 2025
A way forward
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There is no doubt that the industrial, agricultural and commercial development of the country depends on political stability. If the democratic system established in the country is running smoothly with minimal disruption, the law and order situation is ideal and all resources are available for the promotion of industry and trade, including the abundant availability of oil, electricity and gas at cheap prices, then this not only encourages traders and industrialists, it not only opens up avenues for farmers to increase their production, but also creates easy and safe investment opportunities for internal and external investors.  Unfortunately, the ongoing political confrontations have put the country on the path of political and economic instability. In addition, the scourge of terrorism has also re-emerged, due to which the atmosphere of insecurity and uncertainty had a very bad impact on the country's economy and an ideal investment atmosphere could not be created within the country.  The unfair conditions of the IMF had already constrained the country's economy. In order to remove the displeasure of the IMF, the coalition government accepted its more stringent conditions and started increasing the prices of electricity, oil, gas, medicines and other daily necessities continuously.  By increasing the rate of existing taxes and imposing new taxes of various kinds, it made it difficult for the people to maintain their breathing. Therefore, as a result of the increasing anxiety of the people, the government also faced challenges in terms of governance and stability of the system.  This government had to face political instability due to the chaos and chaos politics of the opposition. In this atmosphere, the political and military leadership of the country resolved to correct the economic direction of the country and formed national and provincial apex committees and through them started the work of building the national economy on the right lines.  In this context, Army Chief General Syed Asim Munir played a key role, who also paid special attention to the development of agriculture.  As a result of these measures and policies, the current account deficit gradually decreased and theAnd the hanging sword of bankruptcy on the country's economy has also begun to be removed. The mutual trust between the government and military leaderships and the policies formulated for the stability of the national economy have started to bear fruit today, and Pakistan is continuously announcing positive indicators of the national economy.  If, on the basis of these announcements and claims of the government, the people also start getting the fruits of government policies in the form of real relief in inflation, then certainly no internal or external conspiracy to push the country towards chaos and instability can succeed.  Indeed, only the satisfaction of the people can guarantee the stability of the system. On the other hand, the State Bank has said that the current account surplus for the first half of the current fiscal year was $1.21 billion, while the current account deficit for the first half of the previous year was $1.39 billion.  According to the State Bank report, the current account surplus for December 2024 was $580.20 million, while the trade deficit for the first half of the current fiscal year increased by 13 percent to $11.51 billion.  In December 2024, exports were recorded at $3.00.5 billion and imports at $4.77 billion. Similarly, exports in the first half of the fiscal year increased by 7 percent to $16.22 billion, and imports in the first half of the fiscal year 2025 increased by 9 percent to $27.74 billion.  Pakistan  has welcomed the current account remaining in surplus for the third consecutive month and said that the positive economic indicators reflect the growing confidence of the business community in the government and its economic policies. It is welcome to note that the upward spiral by the Pakistan Stock Exchange is continuing. A clear sign of investors' confidence in the country's future is that the KSE Hundred Index hit a national all-time high at the end of the business week on Friday at the Pakistan Stock Exchange.  The immediate reason for this boom in the stock market is the improvement in economic indicators after the IMF agreement, the progress in the Rekodic plan and the possibility of increasing exports due to the interest rate cut. The index also crossed the milestone of 93 thousand. Due to the boom, the prices of 54% of the shares increased and their value further increased by one billion one billion forty eight crores 73 lakhs 67 thousand 551 rupees.  Investors seemed confident. Buying in profitable sectors led the market graph to touch a new high of 93140 points, which is the biggest interim limit of the stock exchange so far.  The extraordinary rise in the Hundred Index of the Pakistan Stock Exchange, which can rightly be called  positive recovery of the economy, is a welcome and major positive sign towards economic recovery.  Another reason for the boom is the possibility of more investment from other countries including Saudi Arabia, Qatar, UAE and China, and other regional trade parleys in a difficult situation.   A record 8.8 remittances were received in three months with the policy rate, the rate of inflation came down from 32 percent to 6.7 percent. Investments and exports have increased. The improvement in the value of the rupee is also a matter worthy of attention.  The value of the dollar has come down in both foreign exchange markets. If the economy continues on the path of stability, it can be expected that Pakistan will stand on its own feet economically. The present political and military leadership is undoubtedly working diligently for the sustainable recovery of the national economy. 

If the democratic system established in the country is running smoothly with minimal disruption, the law and order situation is ideal and all resources are available for the promotion of industry and trade, including the abundant availability of oil, electricity and gas at cheap prices, then this not only encourages traders and industrialists, it not only opens up avenues for farmers to increase their production, but also creates easy and safe investment opportunities for internal and external investors.

 Unfortunately, the ongoing political confrontations have put the country on the path of political and economic instability. In addition, the scourge of terrorism has also re-emerged, due to which the atmosphere of insecurity and uncertainty had a very bad impact on the country's economy and an ideal investment atmosphere could not be created within the country.  The unfair conditions of the IMF had already constrained the country's economy. In order to remove the displeasure of the IMF, the coalition government accepted its more stringent conditions and started increasing the prices of electricity, oil, gas, medicines and other daily necessities continuously.  By increasing the rate of existing taxes and imposing new taxes of various kinds, it made it difficult for the people to maintain their breathing. Therefore, as a result of the increasing anxiety of the people, the government also faced challenges in terms of governance and stability of the system.  This government had to face political instability due to the chaos and chaos politics of the opposition. In this atmosphere, the political and military leadership of the country resolved to correct the economic direction of the country and formed national and provincial apex committees and through them started the work of building the national economy on the right lines.  In this context, Army Chief General Syed Asim Munir played a key role, who also paid special attention to the development of agriculture.  As a result of these measures and policies, the current account deficit gradually decreased and theAnd the hanging sword of bankruptcy on the country's economy has also begun to be removed. The mutual trust between the government and military leaderships and the policies formulated for the stability of the national economy have started to bear fruit today, and Pakistan is continuously announcing positive indicators of the national economy.  If, on the basis of these announcements and claims of the government, the people also start getting the fruits of government policies in the form of real relief in inflation, then certainly no internal or external conspiracy to push the country towards chaos and instability can succeed. 

Indeed, only the satisfaction of the people can guarantee the stability of the system. On the other hand, the State Bank has said that the current account surplus for the first half of the current fiscal year was $1.21 billion, while the current account deficit for the first half of the previous year was $1.39 billion.  According to the State Bank report, the current account surplus for December 2024 was $580.20 million, while the trade deficit for the first half of the current fiscal year increased by 13 percent to $11.51 billion.  In December 2024, exports were recorded at $3.00.5 billion and imports at $4.77 billion. Similarly, exports in the first half of the fiscal year increased by 7 percent to $16.22 billion, and imports in the first half of the fiscal year 2025 increased by 9 percent to $27.74 billion.  Pakistan  has welcomed the current account remaining in surplus for the third consecutive month and said that the positive economic indicators reflect the growing confidence of the business community in the government and its economic policies. It is welcome to note that the upward spiral by the Pakistan Stock Exchange is continuing. A clear sign of investors' confidence in the country's future is that the KSE Hundred Index hit a national all-time high at the end of the business week on Friday at the Pakistan Stock Exchange.  The immediate reason for this boom in the stock market is the improvement in economic indicators after the IMF agreement, the progress in the Rekodic plan and the possibility of increasing exports due to the interest rate cut. The index also crossed the milestone of 93 thousand. Due to the boom, the prices of 54% of the shares increased and their value further increased by one billion one billion forty eight crores 73 lakhs 67 thousand 551 rupees.  Investors seemed confident. Buying in profitable sectors led the market graph to touch a new high of 93140 points, which is the biggest interim limit of the stock exchange so far.  The extraordinary rise in the Hundred Index of the Pakistan Stock Exchange, which can rightly be called  positive recovery of the economy, is a welcome and major positive sign towards economic recovery.  Another reason for the boom is the possibility of more investment from other countries including Saudi Arabia, Qatar, UAE and China, and other regional trade parleys in a difficult situation.   A record 8.8 remittances were received in three months with the policy rate, the rate of inflation came down from 32 percent to 6.7 percent. Investments and exports have increased.

The improvement in the value of the rupee is also a matter worthy of attention.  The value of the dollar has come down in both foreign exchange markets. If the economy continues on the path of stability, it can be expected that Pakistan will stand on its own feet economically. The present political and military leadership is undoubtedly working diligently for the sustainable recovery of the national economy. 

Our Correspondent
Our Correspondent https://www.dailynationalcourier.com/author/our-correspondent
Daily National Courier is a leading morning English newspaper of twelve pages covering all international and national political developments on 24/7 basis.

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