Economists stress self-improvement for economic progress

Recently, the budget announcement in our country has sparked various discussions and concerns among different sectors of society. One notable point of contention is the distinction between 'filer' and 'non-filer' individuals, with some viewing being a non-filer as advantageous. However, the budget itself has faced criticism for not adequately addressing industry development and lacking input from key stakeholders. The complexity of presenting a budget during challenging economic times has resulted in minimal focus on both domestic and foreign investment, raising worries among the salaried class about increased taxes.

Furthermore, economists have pointed out the need for self-improvement before seeking assistance from international bodies like the IMF. Issues such as investment barriers and the importance of building confidence within the business community have been highlighted as crucial for economic growth. Additionally, the role of political parties in ensuring stability for economic progress has been emphasized.

Concerns have also been raised about the budget's impact on agricultural commodities and the approval process. The absence of measures for industry growth, reducing interest rates, and questions surrounding privatization and FBR restructuring have added to the overall skepticism surrounding the budget.

As we navigate through these economic challenges, it is evident that a comprehensive and well-thought-out budget is essential for addressing the needs of various sectors and fostering economic growth. The importance of political stability, combating terrorism, and creating a conducive environment for businesses cannot be overstated. Moving forward, a collaborative effort between policymakers, economists, and industry stakeholders is crucial for devising effective strategies that promote sustainable development and prosperity for all.