KARACHI:

The strong rupee is luring imports, impacting domestic industry competitiveness and hurting exports. For the past three years, the government is celebrating rising home remittances as her politico-economic success that has helped stabilise rupee and achieve current account surplus but has buried her head in sand instead of fixing structural weaknesses in manufacturing, agriculture and exports.

Finance Minister Muhammad Aurangzeb and PM Shehbaz Sharif have repeatedly announced structural economic reforms but on the ground there is hardly any progress. Now an amazing proposal is being touted – taking two loans worth $1 billion for enhancing government efficiency and reforms.

Neither remittances nor loans can bring growth as these two sources are nasogastric: remittances – a lifel

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