Pak economy neither crashing nor going into default “AN INTERACTIVE SESSION ON ECONOMY” WITH MIRZA SHAHNAWAZ AGHA


By Staff Reporter

KARACHI: The consensus  nominee of the business community ‘Mirza Shahnawaz Agha’ (YouTube access), while supporting the voice the business community’s demand for a paradigm shift of the economy from colonial dependency to real independence consequently has raised some basic points as a demand on behalf of the business community of Pakistan in general and that of Karachi in particular.  He was addressing with “An interactive session on Pak economy” jointly arranged by Karachi Editors Club and Live Rostrum News Agency, at a local hotel, here yesterday.  He said these demands are meant to instantly mitigate price hikes of essential commodities and enable debt servicing with a clear road map. He opined that the economy is neither crashing nor can we go into default if we stop instantly looking outward for fiscal crutches. We need to look inward and ‘Revert to our ideology’ as our legal and course forward. He rebuffed the politicians and the State Institutions on the count of imposing the colonial agenda on the Pakistani people. He also declared that family-based political leadership is a cancer terminally killing merit, investments and democracy in the country.

Shahnawaz said the ‘Constitution’ and ‘Democracy’ are the smoke screens behind which sits institutional corruption. Mirza Shahnawaz said that 82% of the budget is being spent on the Judiciary, Army, Civil Bureaucracy and the Parliament that make up for only 2.6 million people or 1.2% of the population, whilst 18% is on the table for 222 million people. This is the evidence of the insanity being challenged.

The tax-paying population, he added, wants straight answers on the way forward or a change of their employees, the Public Servants. He said the Private Sector demands that the bureaucratic hold on the economy has to be freed in its entirety.

He lamented that the economy has been robbed for its essence of ‘value exchange mechanism’ by continued colonial subservience on the alien printed paper. The current debt is not a crisis as is politically being portrayed. He proposed that 3400 population pockets covering the entire population of Pakistan should be listed as Municipal Companies on our Stock Exchange to decentralize fiscal management of the State and create an avenue for investment for the population.

Balance of trade and the import bill must be made henceforth in gold to be in compliant with our founding ideology. The writ of the tax-payers is to make all State Institutions accountable open to public audit and on course of remaining within the permissible limits of our founding ideology. ­­

Shahnawaz suggested that all land owned and used by anyone or any State Institution must pay for it. This will help evolve the society and will make Institutions globally competitive.