WHY DOLLAR IS RISING
(Shah Nawaz Bokhari, Rawalpindi)
WHY DOLLAR IS RISING
Today, I have discussed actual facts about the rise of the dollar in Pakistan. The increase in the dollar is interlinked with our Industry, import, and export. Hence, the import and export product set the dollar to rise or down. There are many aspects behind it. Lack of plant & machinery in Pakistan is ample reason for fall down of our economy. However, Pakistan is a developing state. Our industry is not mature to develop and plant machinery in Pakistan. Pakistan is buying all products from different states, which is the most alarming situation. The attitude of Government institutions is regretful in this regard. Monopoly is the most dangerous factor in this region. The nourishment of industry is essential to reduce to buy of raw materials from other states. It is essential to buy Pakistani products.
The people of Pakistan are already suffering from plant & machinery and Pakistan is purchasing equipment from other states. There is a need to strengthen our economy to promote local products. There is a need to reduce foreign mobiles & vehicles which is the most expensive material which is expending billions of rupees in a year. Pakistan should launch its own vehicle products. Nevertheless, need to purchase a few components. Over and above, the electric i.e. charging vehicles introduce in Pakistan to compete in the markets and secure the future of Pakistan. There is a need to save fuel and search for alternate fuel consummation sources for travel & transportation system. It needs to implement as soon as possible.
For Pakistan is essential is to reduce to buy of raw materials from other states. Pakistan will have to install its own plant and machinery in each sector to reduce dollar inflation and stabilize the economy. Pakistan will face a difficult time if our political leaders do not sit together to sort out this juncture. Otherwise, Pakistan will not survive in near future. Hence, the tax system in Pakistan is almost zero, and corruption in the tax system is defusing the Pakistani economy. Several bold steps need to be taken by Pakistan to escape from economic collapse. The rise of the dollar is our own hand what will we do the save the future of Pakistan? It is our duty to purchase Pakistani products.
It is unfortunate we have not taken any survey in the previous decade before launching any scheme. For example, we are operating gas-made vehicles, which is useless now because gas consumption is reduced day by day for domestic’s users which is an alarming situation. In addition, we need to find the cure to run our industry and change the mindset to purchase local products. The development of local medical companies who have to search work to invent formulas for medicine that will reduce the prices. Pakistan will progress in the near future if we change our mindset to thank about future prospects. Some portion of our economy needs to be settled forever. We desire to see Pakistan as a developed state. So bold steps need to be taken on a top priority basis.