Stories from IKRAM HOTI
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Protectionism of the rupee and then its free fall
Bureaucracy tasked with policymaking cannot undertake change of course
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Lack of foresight has reduced Pakistan’s capacity to mitigate challenges
Reform can start once country’s expenditure is reduced to manageable levels
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Colossal waste of country’s budget goes unchecked
Documents show 50% of money is wasted during public procurement
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Basic reforms can correct country’s fiscal disorder
Funds required for producing exportable surplus of goods can be acquired only by cutting govt spending
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With cash crunch, govt has eaten away private sector’s share in bank loans
Debate should start in parliament on budget abuse
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Corrupt channels work with impunity in country
Global institutions, which have pushed for reforms, ‘lose all hope’
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Plunder of public money necessitates audit reforms
Smart audit of certain departments should be the prime focus to avoid being declared a ‘failed’ state.
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Spending goes unchecked as country becomes addicted to debt
Loans must only be spent on development to defeat corruption culture
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Export emergency: who is in charge?
Deficient bureaucracy, rather than poor business management, is to blame for mess
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The growing state-economy conflict in Pakistan
Higher development spending makes govt the largest importer, promotes culture of kickbacks.