* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, June 24, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    Safety concerns in Deep Ellum create apprehension as the entertainment district gains visitors – CBS News

    Safety Concerns Surge Amid Deep Ellum’s Booming Popularity and Growing Crowds

    Elisabeth Moss’ ‘Handmaid’s Tale’ Emmy chances, by the numbers – Yahoo

    Elisabeth Moss’ ‘Handmaid’s Tale’ Emmy chances, by the numbers – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Promising Technology Stocks To Follow Today – June 22nd – MarketBeat

    Top Technology Stocks to Watch Today – June 22nd

    Technology Convergence Report 2025 – The World Economic Forum

    Technology Convergence Report 2025 – The World Economic Forum

    How AI can help make cities work better for residents – MIT Technology Review

    How AI can help make cities work better for residents – MIT Technology Review

    Tech Champions with Leo Bletnitsky of Healthy Technology Solutions – Buzz Media Group

    Meet Tech Champion Leo Bletnitsky of Healthy Technology Solutions

    Crypto’s true revolution is about humanity, not technology – Cointelegraph

    Crypto’s Real Revolution: Transforming Humanity Beyond Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    Safety concerns in Deep Ellum create apprehension as the entertainment district gains visitors – CBS News

    Safety Concerns Surge Amid Deep Ellum’s Booming Popularity and Growing Crowds

    Elisabeth Moss’ ‘Handmaid’s Tale’ Emmy chances, by the numbers – Yahoo

    Elisabeth Moss’ ‘Handmaid’s Tale’ Emmy chances, by the numbers – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Promising Technology Stocks To Follow Today – June 22nd – MarketBeat

    Top Technology Stocks to Watch Today – June 22nd

    Technology Convergence Report 2025 – The World Economic Forum

    Technology Convergence Report 2025 – The World Economic Forum

    How AI can help make cities work better for residents – MIT Technology Review

    How AI can help make cities work better for residents – MIT Technology Review

    Tech Champions with Leo Bletnitsky of Healthy Technology Solutions – Buzz Media Group

    Meet Tech Champion Leo Bletnitsky of Healthy Technology Solutions

    Crypto’s true revolution is about humanity, not technology – Cointelegraph

    Crypto’s Real Revolution: Transforming Humanity Beyond Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home News

Reforms crucial for Pakistan’s economic development

June 17, 2024
in News
Reforms crucial for Pakistan’s economic development
Share on FacebookShare on Twitter

Since the independence in 1947, Pakistan has made some progress in economic development, but it’s still an underdeveloped country. With over 220 million inhabitants, the majority face numerous challenges, including high levels of poverty, unemployment, inflation, and external debt. To ensure sustainable economic growth and people’s progress, it’s essential to carry out complex reforms in various sectors. Below, we look at the issues that need to be resolved first for Pakistan’s wider growth. We will also discuss the details of existing problems and provide possible solutions.

Overhauling the tax system

Pakistan has one of the world’s lowest shares of tax revenues to GDP, which limits the government’s ability to finance infrastructure projects, social programmes, and other critical needs. Statistics for 2023 show that the country’s GDP is about 375 £ billion. This is not a bad figure, but it’s too low for a country with such a large population.

Therefore, reforming the tax system is one of the key tasks to ensure sustainable economic growth. Currently, Pakistan’s tax revenues account for about 10-12% of GDP, which is one of the lowest in the world. Furthermore, a large percentage of activity is in the shadow economy, which leads to a loss of potential tax income. To improve the situation, it’s necessary to introduce new laws and reduce the number of existing tax exceptions. For example, it’s possible to introduce a tax on online commerce, financial transactions, or inheritance or gift transfer duties.

Improving the education system

The more a country invests in higher education, the better its economic performance will be in the future. For example, in areas such as housing purchase and rental, food and industrial trade, service industries, banking, etc. People with higher education have a better chance of getting a better-paid job and being more productive workers, which leads to an increase in the country’s potential. In addition, raising the level of education can help reduce poverty and social inequality.

To start with, the government should pay more attention to building new schools and universities and improving facilities. It’s also important to provide high-quality teacher training programmes and introduce modern educational methods. This could be done by inviting lecturers from other countries to share their experiences and practices.

Infrastructure development

Facilities include buildings, roads, bridges, railways, airports, power grids, water supply, telecommunications systems, and other infrastructure. All of them are essential for the functioning of the economy and the lives of citizens, as they help improve the mobility of people. In addition, it reduces the delivery time of goods, increases the efficiency of logistics, and facilitates international trade. This is extremely significant, as the country’s main industries are metalworking, machine building, chemical, petrochemical, food, textile, and handicrafts.

Underdeveloped infrastructure limits economic growth and reduces the population’s living standards. The Pakistan’s government should focus more on modernising the electricity grid, expanding transport routes, and providing access to high-speed internet.

Improving living standards

Due to several economic difficulties, poor quality of education and healthcare, and unemployment, the public has faced difficulties in realising their professional potential. Therefore, along with resolving the above economic elements, Pakistan should also create new workplaces. Furthermore, it’s necessary to introduce social programmes such as cash assistance for low-income families, social housing, or subsidies for electricity and water, self-exclusions for those who need etc. These measures require a comprehensive approach and cooperation between the government, the public, the private sector, and international organisations. However, even small steps can lead to big results and dramatically change the country’s economic situation.

Final thoughts

To ensure sustainable economic development, the government of Pakistan needs to implement a series of fundamental reforms. Particular attention should be paid to the tax system, industry, energy, education, social protection, and infrastructure. Additionally, the country should consider legalising gambling, as it offers a large tax potential. Due to the lack of legal platforms, the locals are unprotected and have no place to turn to in case of financial or psychological problems. Only through systemic change it’s possible to create the conditions for economic growth and improve the quality of life. Pakistan’s younger generation from Islamabad and other Pakistani cities is in particular in need of a quality education system to contribute to the country in the future.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Pakistan Today – https://www.pakistantoday.com.pk/2024/06/16/reforms-crucial-for-pakistans-economic-development/

Tags: Crucialnewsreforms
Previous Post

International media uncovers issues faced by Muslims in Modi’s India

Next Post

Epaper_24-06-17 ISB

Clay Minerals From Mars’ Most Ancient Past? – NASA Science (.gov)

Unveiling Clay Minerals from Mars’ Most Ancient Past

June 24, 2025

Retro Translucent Lifestyle Sneakers – Trend Hunter

June 24, 2025
The World’s 50 Best Restaurants Announces Its 2025 List – The New York Times

The World’s 50 Best Restaurants Announces Its 2025 List – The New York Times

June 24, 2025
Former INSS head Manuel Trajtenberg: Israeli economy rises in Iran war – The Jerusalem Post

Former INSS head Manuel Trajtenberg: Israeli economy rises in Iran war – The Jerusalem Post

June 24, 2025
Panel reacts as VP Vance downplays risk of foreign entanglement in Iran: ‘Back then we had dumb presidents’ – CNN

Panel reacts as VP Vance downplays risk of foreign entanglement in Iran: ‘Back then we had dumb presidents’ – CNN

June 24, 2025
Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

June 23, 2025
Atlanta Sports: High school, college and pro sports from the AJC – AJC.com

Atlanta Sports Update: Exciting High School, College, and Pro Highlights

June 23, 2025
US judge blocks slashing of universities’ federal funding from National Science Foundation – Reuters

US Judge Halts Cuts to Federal Funding for Universities from National Science Foundation

June 23, 2025
The Computer-Science Bubble Is Bursting – The Atlantic

Is the Computer-Science Boom Coming to an End?

June 23, 2025

6 Life Moments When Staying Silent Is the Wisest Choice

June 23, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (697)
  • Economy (714)
  • Entertainment (21,611)
  • General (15,534)
  • Health (9,753)
  • Lifestyle (719)
  • News (22,149)
  • People (716)
  • Politics (721)
  • Science (15,932)
  • Sports (21,210)
  • Technology (15,699)
  • World (694)

Recent News

Clay Minerals From Mars’ Most Ancient Past? – NASA Science (.gov)

Unveiling Clay Minerals from Mars’ Most Ancient Past

June 24, 2025

Retro Translucent Lifestyle Sneakers – Trend Hunter

June 24, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version