Hefty import bill

Published September 9, 2018

This is apropos the news reports ‘Current account gap widens 16pc’ and ‘CAD to be resolved in two years’ (Aug 21). The question is who is stopping whom from not cutting down on imports?

Two years is too long a period to resolve the CAD issue. One is not aware what the situation turns out to be by then. What are needed are immediate, drastic and unpleasant measures to reduce the import of items we can do without.

To begin with, the import of luxury vehicles and reconditioned cars should be completely banned immediately. How long can we afford to waste precious forex on the luxury of driving top of the line imported cars that are more status symbols even in the first world?

Such measures will not only save foreign exchange, but will also cut down the fuel bill, which is presently 25 per cent of our total imports.

The government should on a war-footing come up with an affordable public transportation system for all large cities. This is the way to saving on unnecessary costs.

Ibna Ismail

Islamabad

Published in Dawn, September 9th, 2018

Opinion

Editorial

Plugging the gap
06 May, 2024

Plugging the gap

IN Pakistan, bias begins at birth for the girl child as discriminatory norms, orthodox attitudes and poverty impede...
Terrains of dread
Updated 06 May, 2024

Terrains of dread

Restored faith in the police is unachievable without political commitment and interprovincial support.
Appointment rules
Updated 06 May, 2024

Appointment rules

If the judiciary had the power to self-regulate, it ought to have exercised it instead of involving the legislature.
Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....