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

Business concerns
Updated 26 Apr, 2024

Business concerns

There is no doubt that these issues are impeding a positive business clime, which is required to boost private investment and economic growth.
Musical chairs
26 Apr, 2024

Musical chairs

THE petitioners are quite helpless. Yet again, they are being expected to wait while the bench supposed to hear...
Global arms race
26 Apr, 2024

Global arms race

THE figure is staggering. According to the annual report of Sweden-based think tank Stockholm International Peace...
Digital growth
Updated 25 Apr, 2024

Digital growth

Democratising digital development will catalyse a rapid, if not immediate, improvement in human development indicators for the underserved segments of the Pakistani citizenry.
Nikah rights
25 Apr, 2024

Nikah rights

THE Supreme Court recently delivered a judgement championing the rights of women within a marriage. The ruling...
Campus crackdowns
25 Apr, 2024

Campus crackdowns

WHILE most Western governments have either been gladly facilitating Israel’s genocidal war in Gaza, or meekly...