Posted 12/28/2023, 2:17:40 AM
Pakistan Needs Urgent Economic Reforms to Reduce Poverty, Improve Fiscal Management
- Pakistan's current economic model is not working, leading to reversed progress in poverty reduction and benefits accruing to a narrow elite
- Urgent reforms needed in agriculture to move away from subsidies and price controls
- Energy sector reforms should improve financial sustainability and efficiency of distribution companies
- Fiscal management needs drastic improvement through better quality spending, increased progressive taxation, and reducing losses from state-owned enterprises
- Stronger growth requires a more dynamic and open economy with less protectionism and an improved business environment