Loud Thinking

Mr. Prime Minister,

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 a 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 and guarantee, payment of profit till 5 years.

Here, we already know that we are getting loan of $6.5 billion from the IMF at 3%; and also the government has plans to obtain $600 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 fillip to ALL the sectors of the economy. Moreover, due to the spill over of the terrorism in urban areas, our security apparatus is also extremely short of adequate resources; and additional funds mobilisation for inland war efforts has become a top priority: which requires out of box solutions to sustain undeclared but full fledged war efforts.

With Best Regards.

Syed Nayyar Uddin Ahmad
0321-9402157
Lahore.

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