Loud Thinking

Mr. Prime Minister of Islamic Republic of Pakistan.

AoA.

Your government is making all out efforts to put the economy back on track as soon as possible. As they say sick economy is like a sick man which regains strength slowly if the treatment is done on the right lines.

In this regard, I will suggest that your government may launch a scheme, under which all USD deposits in Pakistan, should get an yearly profit rate of 3% (to be paid bi-annually), from a fixed future date, for a period of 5 years. It will not be a fixed deposit for 5 years. Rather, the government will commit profit paying till 5 years.

Here, we already know that we are getting loan from the IMF at 3% and also government has plans to obtain USD600 million from the selected foreign banks at about 6%.

In my humble opinion, if the above proposal is implemented the government will get a flood of USD’s beyond its imagination, which will obviously give a very quick fillip to the ALL sectors of the economy; and the urgently needed boost in the defence & science, upper space and technology budgets, in which India is now spending about USD40 billion; and has already despatched a rocket to the Mars.

With Best Regards.

Syed Nayyar Uddin Ahmad