Maha Khaliq
In Pakistan , default has become the most spoken word now-a-days. Everyone is saying that Pakistan is going to be default because Pakistan does not have enough dollars to meet its debt and liabilities requirements. Although, Pakistan is passing through economic slowdown ,dollar liquidity crunch ,soaring debt burden etc but it does not mean that Pakistan will default. Despite dollar liquidity issue, Pakistanis still repaying its debt. According to Finance minister latest statement ,Pakistan has mitigated its debt burden of worth 12 billion $ during the current fiscal year. Concerning authorities are putting their earnest and sincere efforts for re-railing Pakistan ‘ s de-railed economy. On the other hand, our electronic and social media, political leaders and some economists are aggravating and further vexing the economic situation of Pakistan by giving statements and highlighting that Pakistan is at the brink of default, it would become like Srilanka ,Lebnon and other defaulted countries. These harsh statements are pushing Pakistan under hot water. As we are consistently using the word default for Pakistan, it has developed uncertainty in our country and is directly affecting exchange rate, stock market and shaking trust of foreign investors in Pakistan. During this bleak and gloomy picture who will invest in our country,how would we sustained our economy,how would we float bond and t-bills , who would develop trade relations with Pakistan, how would IMF extend loan to us, how would we overcome $ liquidity crisis etc. Its really mind numbing that we are portraying pessimistic picture of our country to world by linking Pakistan and word default.We are ourselves cutting the frail roots of our economy.Although Pakistan is facing some economic challenges now-a-days, but we cannot ignore and undervalue Pakistan’ potential in the form of natural resources, youth bulge, demographic dividend ,fertile land,Rekodiq and sandik mines, Gawadar sea port, 9 million remitters and resilient economic structure. Pakistan is a blessed country and sooner it will get rid of economic decimation. For this purpose , we should play our constructive role .We should trust on our finance minister who is equipped with economic experts panel and support him by optimistic approach without doing point scoring and blame game. I humbly appeal to Pakistanis that “Do not use the word default through electronic, print social media and other mode of expression to stabilize our economy and developing an optimistic economic environment.
