Loud Thinking January 31, 2015 at 10:23AM
My letter published today by the daily “The News”.
The debt vault
Saturday, January 31, 2015
From Print Edition
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Our economy is heavily burdened by the sheer weight of debt servicing which will keep increasing. We must find some out-of-box solution to free us of this burden.
Considering that the poorest segments of the society have had negligible or no trickle-down effect of the recent reduction in petroleum prices and that debt servicing is the prime strategic objective, it is proposed that the financial benefit of any further reduction(s) in prices of petroleum products (except kerosene) should be deposited in a National Debt Servicing Fund to meet the most important financial needs of the country.
Syed Nayyar Uddin Ahmad
Lahore
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