AGL 36.58 Decreased By ▼ -1.42 (-3.74%)
AIRLINK 215.74 Increased By ▲ 1.83 (0.86%)
BOP 9.48 Increased By ▲ 0.06 (0.64%)
CNERGY 6.52 Increased By ▲ 0.23 (3.66%)
DCL 8.61 Decreased By ▼ -0.16 (-1.82%)
DFML 41.04 Decreased By ▼ -1.17 (-2.77%)
DGKC 98.98 Increased By ▲ 4.86 (5.16%)
FCCL 36.34 Increased By ▲ 1.15 (3.27%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 17.08 Increased By ▲ 0.69 (4.21%)
HUBC 126.34 Decreased By ▼ -0.56 (-0.44%)
HUMNL 13.44 Increased By ▲ 0.07 (0.52%)
KEL 5.23 Decreased By ▼ -0.08 (-1.51%)
KOSM 6.83 Decreased By ▼ -0.11 (-1.59%)
MLCF 44.10 Increased By ▲ 1.12 (2.61%)
NBP 59.69 Increased By ▲ 0.84 (1.43%)
OGDC 221.10 Increased By ▲ 1.68 (0.77%)
PAEL 40.53 Increased By ▲ 1.37 (3.5%)
PIBTL 8.08 Decreased By ▼ -0.10 (-1.22%)
PPL 191.53 Decreased By ▼ -0.13 (-0.07%)
PRL 38.55 Increased By ▲ 0.63 (1.66%)
PTC 27.00 Increased By ▲ 0.66 (2.51%)
SEARL 104.33 Increased By ▲ 0.33 (0.32%)
TELE 8.63 Increased By ▲ 0.24 (2.86%)
TOMCL 34.96 Increased By ▲ 0.21 (0.6%)
TPLP 13.70 Increased By ▲ 0.82 (6.37%)
TREET 24.89 Decreased By ▼ -0.45 (-1.78%)
TRG 73.55 Increased By ▲ 3.10 (4.4%)
UNITY 33.27 Decreased By ▼ -0.12 (-0.36%)
WTL 1.71 Decreased By ▼ -0.01 (-0.58%)
BR100 11,987 Increased By 93.1 (0.78%)
BR30 37,178 Increased By 323.2 (0.88%)
KSE100 111,351 Increased By 927.9 (0.84%)
KSE30 35,039 Increased By 261 (0.75%)

The Central Shoora of the Jamaat e Islami has described the economic condition of the country extremely grim in view of the 73 billion dollars foreign debt, decreasing exports, and lavish government spending. A resolution adopted by the JI central consultative body said that the government circles were claiming to have achieved economic stability only due to 23 billion dollars foreign reserves, the facts belied the claim as the country's total debt ran to the tune of 22.5 trillion rupees, as was 66 per cent of the GDP.
Besides, it said that the PML N) government had mortgaged prestigious national assets the Motor Way and the Karachi airport, against the loans. The Shoora called for switching over to interest free economy, retrieving the country's assets and wealth lying abroad, and improving tax recovery. It demanded fifty per cent cut in the budgets of the Presidency, Prime Minister House, Governor House and Chief Minister Houses, reducing Prime Minister's visits abroad with joy ride for scores of friends and relatives at public expense.
It said the present PML (N) government had paid 3.7 trillion as loans instalment and interest since 2013 which was more than total tax collection by the Federal Board of Revenue. It said that each Pakistani at present was under debt of Rs 1,15,000 only due to irrational official spending and wrong priorities of the government. It said that misuse of government vehicles was a routine and cost the public exchequer billions and must be stopped.
The Shoora called for reorganisation of all government departments and institutions in order to curb corruption and misuse of public money. Through another resolution, the Shoora demanded the repeal of the FCR and merger of FATA with Khyber P. It also demanded proper census in FATA to get correct figures and due representation in the provincial assembly in 2018 elections. It demanded that local bodies elections should be held in the area after the merger and the constitution be fully enforced in the area after amending article 247.
Administrative and judicial system be introduced in the area on the pattern of the Malakand division. The Shoora further demanded a special package of minimum rupees one trillion for the rehabilitation of the houses and infrastructure of the FATA area, declaring education emergency in the area with many new university campuses, a separate women university, engineering university, Technical university, Medical colleges and a net work of educational institutions. It demanded that the Khasadars and Levis be re-organised and 30,000 new levies be recruited.

Copyright Business Recorder, 2016

Comments

Comments are closed.