ejaz007
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The problem with many of you is that you ignore the post and start posting responses, many a times based on assumptions. If you refer to my original post, I made it abundantly clear that there is a right way to do the right thing and a wrong way to do the right thing, with the former you get to your desired destination whereas with the later you may end up doing more harm in the process. As explained, you cannot start building a 2nd floor while the 1st floor is still weak.
Basically, from where the previous Government left off, all that we needed to do was continue with the policy while decreasing imports (not through depreciation but through higher taxation on import of unnecessary items), increasing exports (subsidies and tax credits), increasing remittances (making Banking easier and increasing penetration), inviting FDI (through continuance of policies thereby proving stabilization) and establishing a strong foundation for industry (initially to cater to internal requirements of machine, automobile, electronics etc., and slowly for export) etc. However, what we did, well we all know the outcome and where we are all standing today!
There is always a time when imports exceed exports, especially when you have lost export oriented industry due to shortage of energy and are in the process of adding surplus energy generation to eventually cater to the expected rise in demand of energy with the establishment of new industry.
One needs brain to understand what is written. Good post.