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Akistan is going through an important stage of its economic stability. To tackle long -standing structural challenges, the fundamental reforms need to be implemented and its promises from international stakeholders. These reforms approve the wheat sector, which is one of the key terms of the current $ 7 billion 37 -month expansion fund facility program.
Under the economic and financial policies of the IMF’s memory, Pakistan has pledged to complete its agricultural commodities and input markets with the beginning of the financial year 2025-26. The move has tried to promote market performance, eliminate the deterioration caused by government intervention and to be in accordance with global economic standards.
The Ministry of National Food Security and Research, on January 24, in Islamabad, has taken an active approach by organizing a national workshop on disrupting the wheat sector. The purpose of this workshop is to create a consensus among the federal, provincial and regional stakeholders and develop a comprehensive strategy to ensure smooth transfer to the unmanned market while maintaining strategic reserves of wheat.
Historically, the federal and provincial governments have announced auxiliary prices for wheat and is busy shopping to stabilize prices and ensure food safety. However, under the proposed extraordinary government, these procedures will be stopped. Instead, a new organization, which is jointly owned by the federal and provincial governments, will oversee the strategic reserves and deal with the unexpected food security emergency. It will inherit the storage facilities from Punjab, Sindh and Pakistan Agricultural Storage and Services Corporation Limited, working as a para -storage or public -owned business, modern business models and legal frames to ensure effective operations. Will prepare the work.
The government’s commitment to irregularities reflects an extended strategy for removing incompetence and encouraging private sector participation in agricultural markets. Nevertheless, important challenges remain. Provincial food security plans are essential to preventing potential crises and mechanisms to maintain buffer stock and strategic reserves. The success of this policy shift must ensure the balance between market -powered pricing and consumer L -SEA cheapness.
Meanwhile, the energy sector faces significant challenges in ensuring financial stability and operational performance. SUI Northern Gas Pipeline Ltd LNG) includes non -payment, non -payment.
To tackle these challenges, SNGPL has sought the help of the petroleum division to finalize gas cost equation arrangements and add financial costs to the RLNG prices structure. Despite these efforts, the company faces significant financial pressure, with the debt burden more than Rs 145 billion.
In addition to the challenges related to these sector, the tax law (amendment) bill, 2024, has given rise to an important debate. The purpose of the Federal Board of Revenue is to increase the tax net by targeting non -filers and unregistered industrial contacts. The proposed measures include suspending non -compliance bank accounts and banning high -cost transactions. Although these measures are aimed at compliance with tax and raising taxes, concerns about economic activity and their potential impact on the real estate market. Stakeholders have called for a gradual approach to preventing economic stability.
Amid these domestic challenges, the global light has moved to the United States as Donald Trump has taken office for his second term. At the inauguration of Trump, emphasizing national sovereignty, economic prosperity and security, he was marked by a tough announcement of his US agenda. In his inaugural address, presented to a prominent audience, Trump promised to restore “American greatness” and implement policies for change. The inauguration flashed the executive orders on his first day, reflecting his commitment to change some of his predecessor policies and implement his vision for the nation.
These executive orders include many sectors, including immigration, energy, trade and social policies. Key orders include announcing a national emergency on the southern border. Restoring the rest in the Mexico policy; And go to end the citizenship of birthright. The purpose of these measures is to strengthen border security, reduce illegal immigration and protect public resources. Critics say these policies can pressure diplomatic relations and give rise to humanity challenges. Its supporters emphasize their ability to enhance national security and maintain the rule of law.
In the energy sector, Trump has announced a national energy emergency and has returned regulations associated with the Green New Deal. By withdrawing the United States from the Paris climate agreement and driving the federal land and increasing mining, Trump has focused on achieving energy independence and living domestic industries. These policies are expected to reduce energy costs, promote job opportunities and strengthen the United States as a global energy leader. However, environmental supporters warn about long -term consequences, including increasing climate change and reducing international cooperation on environmental issues.
Under Trump’s executive orders, trade policies seek to remove US industries and remove trade differences. These measures include establishing external revenue service to collect revenue, assessment of China’s compliance with the United States Mexico-Canada agreement reviews and trade agreements.
By preferring domestic manufacturing and imposing taxes on unfair trade methods, these policies target economic growth and secure key supply chains. Nevertheless, the prospects for retaliation from trade partners are a threat to global trade stability.
Social policies are also prominent in Trump’s executive measures. The order to eliminate diversity, equality and inclusion programs in federal agencies and order to recognize only two genders has given rise to an important debate. Supporters argue that these measures promote ability and reduce discrimination. Critics say they disrupt civil rights and participation. In addition, the withdrawal from the World Health Organization has once again identified the United States’ role in global health initiatives, which reduced low influence and support for international health crises. There are concerns about.
The overall impact of Trump’s executive orders reflects his first US philosophy, which prefers domestic interests and renounces the country’s global role. These policies have implications not only for the domestic economy but also for the international community. For example, the withdrawal of the Paris climate agreement and the WHO indicates multilateral retreat, which indicates other nations to review their partnerships and promises. On the other hand, Focus on Trump’s energy freedom and manufacturing can affect similar policies in other countries that want to enhance their economic flexibility.
For Pakistan, engage with the Trump administration requires a strategic approach to its first US agenda. Strengthening bilateral relations through mutual beneficial trade agreements and cooperation in energy and infrastructure can pave the way for long -term partnerships. The affiliation with Pakistan’s economic reforms, including irregularities and financial discipline, is in accordance with the principles of market performance and competitiveness by the Trump administration. By demonstrating a common commitment to these values, Pakistan can position itself as a reliable partner in pursuing economic and strategic goals.
Pakistan can find opportunities to build current cooperation, increase trade and investment, especially in areas such as agriculture, textile and technology. By taking advantage of its geographical political importance, Pakistan can also play an important role in the regional stability and security facilities, and aligning with the wider strategic interests of the United States. Promoting open communication and aligning priorities, Pakistan and the United States can strengthen their relations, which can help in shared prosperity and stability in the growing world -related world.
Dr. Ikramol Haq, the author and the Supreme Court’s lawyer, is an affiliated teacher in the Lahore University of Management Sciences.
Abdul Rauf Shakuri is a corporate lawyer based in the United States
