Economic imperatives

23 May, 2013

I am sure that energy situation would start improving the day Nawaz Sharif would take charge of his office. Besides ensuring provision of furnace oil to Independent Power Producers, the would-be Prime Minister would be required to appoint workaholic people as heads of power distribution companies and at the helm of power generation. He would also seek co-operation from all the provincial governments to recover the cost of electricity being consumed by them.
Public sector enterprises: I am optimistic that to cut the huge loss of Rs 500 billion being incurred by the public sector enterprises per annum; the new Prime Minister would launch the process of privatisation as a part of national economic agenda and with a new vigour. He would first launch a drive to purge PIA, Pakistan Railways and Pakistan Steel Mills of all types of politics and political elements without bringing into consideration their political affiliations.
In my opinion, Nawaz understands that government should confine itself to legislation and all other businesses should be left to private sector. While a ban would be imposed on all types of unions for a period of five years, he would also immediately put a ban on hiring of high salaried consultants in government departments and the secretaries both feudal and provincial would be tasked to give results through well-tailored strategies.
For the sake of expansion in tax net, he would take the whole nation into confidence. Put right Chairman of the Federal Board of Revenue (FBR) and introduce strict punishments for tax-evasion besides honouring the good taxpayers through unique incentives or giving them posts as honorary heads of various government entities.

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