Five Engines To Stimulate Pakistan'S Economic Growth Potential

According to the Pakistan forum express December 23rd, to stimulate Pakistan's economic growth potential, Pakistan's manpower enrichment, especially the number of young people, is also an important driving force in addition to giving full play to its regional advantages. To achieve the 7% growth rate in the future, we should focus on the following five aspects:

First, we should develop a high-density comprehensive urban body and enhance the government's comprehensive management capability of modern cities. We should promote the development of enterprises, drive investment and employment, attract high-end talents, make good use of intellectual resources, and stimulate the vitality of cities.

The two is to integrate into the global value chain. Enhance the level of customs clearance and enhance the world's understanding of Pakistan. We should increase the tariff reform and change the tariff system now aiming at import substitution and foreign exchange settlement. We should develop the export of high value added products such as polyester fiber, and upgrade the export quality of cotton textile products.

The three is to accelerate the reform of the tax system. We should improve the efficiency of government expenditure, straighten out the tax system, reduce the unreasonable tax burden and increase the proportion of investment to GDP.

The four is to increase decentralization and empowerment. Improve the level of government governance and establish a scientific performance evaluation mechanism.

The five is to increase investment in science and technology. We should encourage innovation and give full play to the positive role of R & D in promoting economic, technological and social development.