{"id":17687,"date":"2025-11-27T12:25:10","date_gmt":"2025-11-27T07:25:10","guid":{"rendered":"https:\/\/pakalerts.net\/english\/?p=17687"},"modified":"2025-11-27T12:25:10","modified_gmt":"2025-11-27T07:25:10","slug":"pakistans-economic-growth-shows-no-signs-of-recovery-in-the-foreseeable-future-says-miftah-ismail","status":"publish","type":"post","link":"https:\/\/pakalerts.net\/english\/?p=17687","title":{"rendered":"Pakistan\u2019s economic growth shows no signs of recovery in the foreseeable future, says Miftah Ismail"},"content":{"rendered":"<p data-start=\"2635\" data-end=\"2874\"><strong>Former finance minister and leader of the Awami Pakistan Party, Miftah Ismail, has expressed serious concern over the country\u2019s slowing economy, warning that Pakistan is unlikely to witness improved growth rates in the foreseeable future.<\/strong><\/p>\n<p data-start=\"2876\" data-end=\"3137\">Speaking to a private news channel, he said unemployment continues to rise because the economy has not shown any meaningful growth for the past three to four years. As a result, poverty, financial stress, and frustration among the public are increasing rapidly.<\/p>\n<p data-start=\"3139\" data-end=\"3448\">Ismail noted that although the average monthly salary has increased from Rs 24,000 last year to Rs 38,000 this year \u2014 a rise of Rs 14,000 \u2014 soaring inflation has eroded real purchasing power, leaving salaried individuals worse off than before. Meanwhile, those who are unemployed are sinking deeper into debt.<\/p>\n<p data-start=\"3450\" data-end=\"3724\">Analyzing the broader situation, he said Pakistan\u2019s imports are declining, economic challenges are increasing, and the rupee has depreciated by 4%. He stressed that a 6% economic growth rate is nowhere in sight unless the government undertakes urgent and meaningful reforms.<\/p>\n<p data-start=\"3726\" data-end=\"3995\">He highlighted several critical actions the government still has not taken:<br data-start=\"3801\" data-end=\"3804\" \/>\u25aa Revising NFC shares<br data-start=\"3825\" data-end=\"3828\" \/>\u25aa Reducing tax rates<br data-start=\"3848\" data-end=\"3851\" \/>\u25aa Cutting government expenditures<br data-start=\"3884\" data-end=\"3887\" \/>\u25aa Privatizing state-owned enterprises<br data-start=\"3924\" data-end=\"3927\" \/>\u25aa Downsizing the government workforce<br data-start=\"3960\" data-end=\"3963\" \/>\u25aa Privatizing the power sector<\/p>\n<p data-start=\"3997\" data-end=\"4231\">Ismail criticized the government for once again delaying the implementation of the agricultural tax. \u201cA person earning Rs 50,000 to Rs 100,000 a month is taxed heavily, but someone owning thousands of acres of land pays nothing,\u201d he said.<\/p>\n<p data-start=\"4233\" data-end=\"4407\">He further cited the IMF\u2019s recent report, which states that corruption and poor governance cost Pakistan 5\u20136% of its GDP every year \u2014 a loss the country can no longer afford.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former finance minister and leader of the Awami Pakistan Party, Miftah Ismail, has expressed serious concern over the country\u2019s slowing economy, warning that Pakistan is unlikely to witness improved growth rates in the foreseeable future. Speaking to a private news channel, he said unemployment continues to rise because the economy has not shown any meaningful [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":17688,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAowgLK2DA:productID":"","_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":""},"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[47,46,36],"tags":[9565,9563,6609,9564,380,4665],"class_list":["post-17687","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-important-news","category-latest","category-pakistan","tag-economic-reforms-needed","tag-growth-crisis","tag-imf-report","tag-inflation-unemployment","tag-miftah-ismail","tag-pakistan-economy"],"_links":{"self":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/17687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17687"}],"version-history":[{"count":1,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/17687\/revisions"}],"predecessor-version":[{"id":17689,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/17687\/revisions\/17689"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/media\/17688"}],"wp:attachment":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}