PAK'S Turbulent economy

Pakistan economy is today standing at corridors of high interest rates, inflationary pressures, unemployment, depleting resources, stagnant growth rate and energy crisis looming large. The fiscal and monetary policy is nowhere supporting the overall economic degradation. Government's growing budget deficit and continuous support from SBP hasn't helped the cause of common man. Beside growing terrorism and unrest has greatly affected the FDI.
The last year's devastating floods quietly extended the $10 billion loss to the national exchequer. The mismanagement, corruption and lack of political will to initiate institutional reform particularly in FBR and public service enterprises. The ever increasing energy prices due to unrest in Gulf and North African countries resulting on passing the prices to end consumer has also dented the prospects of the economy. The increased petroleum prices are triggering the overall gloomy picture because the country's dependence on furnace oil is far  from optimal levels.
The country's debt management has been below par. The federal Government continuously deriving 2 billion PKR per day to finance its budgetary expenditures from SBP. Thus leaving little room for the private sector growth. The minimal private sector enterprising pinpoints concern towards overall unemployment and GDP. the economy needs to grow with accelerating pace to cope up with fresh entrants in work force and lightening population growth. The lack of economic opportunities would pose serious threats to overall security of the country. The gap between employed and unemployed would be exploited by militants and fanatics for their vested interests.
The grimmer of hope in deep darkness is the increasing monetary value of Pak exports because of boost in international commodity prices. The worker's remittances have also gained momentum as it might come close to $12 billion in current financial year  but analysts attribute it with growing Arab revolution in middle east and tightening checks and balances in western financial institutions due to Al-Qaeda  threats.
The critical economic situation demands austerity measures from all the stakeholders of the country so that deep rooted ills of the economy could be fixed.
The policy makers and and political leadership have to urgently address the core economic policy and at the same time  revamp the long-term planning in order to create more economic and enterprising opportunities. All efforts must be ensured to broaden the tax net, review interest rates, diversify exports, lower the fiscal deficit, and stabilize PKR. The regulatory measures must be ensured to check inflationary pressures existing in the economy  and foreign aid dependence must be reduced gradually in order to make more independent and sovereign economic decisions based on ground realities. The economic interests of the common man must be given priority in any planning and advisory.