One of the premier goals of the incumbent government since it has come into power has been fixing Pakistan’s endemic balance of payments issue. This near single minded purpose to reduce the current account deficit does make sense in many ways. A country’s balance of payments tells you whether it saves enough to pay for its imports. It also reveals whether the country produces enough economic output to pay for its growth. So it is not a stretch to say that focusing on making the numbers better would help the economy in the long-term. The problem here is that a lot of the times when bureaucrats are assigned the duty of managing a problem like this, they begin suggesting quick fixes that will immediately give a cosmetic makeover to the numbers. MQM-Pakistan delegation calls on Sindh Governor However, while this may make things look better, they do not always have the desired lasting impact. The government’s current approach has been to adopt a pro-export policy in which it encourages and gives benefits to manufacturers capable of producing products to export. Now, more exports mean we are earning money that we can then spend on buying imports, but the government has … Continue reading How a public-private partnership model will achieve import deletion