ISLAMABAD: The experts at a seminar on Wednesday called for redesigning of energy sector immediately and shift to solar and wind power at household level so as to save the foreign reserves of the country which were now depleting to an alarming level.
The seminar titled: ‘Energy Prices, Budget 2022-23, and IMF: Analysis and Perspective,’ was organized by Sustainable Development Policy Institute (SDPI), said a news release.
Senior Economist and Public Policy Expert, Dr Khaqan Najeeb asserted that Pakistan’s ability to complete the IMF’s 7th Review was crucial for securing $1 billion and ensuring its access to other creditors and friendly countries. The success of an IMF-backed programme hinges on the team’s preparation and the arguments they present during the review. On the budget side, he hoped, there was a scope for higher collection of Rs 7,800 billion by Federal Board of Revenue (FBR) through compliance and tackling tax evasion. –Agencies
