Economic Analyst Suggests Maintaining Status Quo Amidst Economic Challenges

Ateeq Ur Rehman, an economic and financial analyst, stated that importing raw materials, particularly for the Pharmaceutical Industry, is feasible only with lower interest rates, given the current economic difficulties.

He added that reduced funding costs would aid in the creation of new Special Economic Zones, Export Processing Zones, and Industrial Zones.

Furthermore, there is a crucial need for expansion and modernization of ports, fish harbors, berths, dredging units, storage spaces, processing units, and overall improvements in dairy farming, cattle farming, aquaculture, poultry, and agronomy.

To ensure the sustainability of income for senior citizens, the underprivileged, and NGOs who rely on long-term savings and pensions to meet their daily needs and maintain endowment funds, it is advised to uphold the “Status Quo.”

The upcoming Monetary Policy is anticipated to maintain the “Status Quo.”

It has been accurately noted that expected foreign capital inflows have not yet materialized and are predicted to arrive following the approval of the IMF’s initial review. The IMF has emphasized Pakistan’s commitment to sustaining a sufficiently “Tight Monetary Policy.”

The challenges include developing robust businesses for a sustainable future and breaking away from the pattern of trade deficits with most nations. Exporters have access to finance at 12% to manage the situation, making the status quo beneficial.