I would h
True a certain extent, imported luxury items like tea, cooking oil, cellphones etc would become expensive, these are items we can live without.
Other items like pulses will re-adjust and we just start growing them more.
However the main problem is oil and gas, our domestic economy would come to a stand still we are unable to procure imported fuel. Here is where the government needs to exercise longterm vission, and make production of wind turbines, solar panels a strategic project like the A-bomb.
Once we have that down we will be in a position to go through a managed default.
Why was
@Norwegian banned?
I don't think we should default, I think we should be intelligent about our spending, we should be intelligent about our planning and we need to work harder as a nation.
We are investing in CPEC to build infrastructure to support industrialisation, but what are we doing to create industry itself? What are out businessmen doing? What is our chamber of commerce or business schools doing to make more businesses? What staff are we training to work in factories, what training are we providing to ensure QC is implemented to make goods of an exportable standard?
Nearly 10% of our youth are unemployed and we have no count of number of people earning below minimum wage. Our economy is also largely undocumented. The level of productivity is very low. This is our biggest challenge. If you are working 12 hours a day but not producing as much as other people, and earning as much as other people, we need to change that.
Similarly, we need to focus on shifting to 80-90% renewable energy where possible. Our urban planners should change the model of our cities should that all regular travel is done through public transports. Cars should be something people use occasionally not every day. This way we can reduce traffic and ultimately our reliance on oil and gas.
Food security is another one. My family in Pakistan have a farm. They grow thier own atta, daal, sabzi, fruit, thoom, chillies, thanya, methi etc etc even rice at one point. It's only some spices, they buy from the bazaar or when stuff is out of season. Why is our country importing these things? We should be growing everything.
Our debt us an utter pittance for a country of 200 million people. Unfortunately our laziness, our poor leadership and lack of business acumen has held us back. If all overseas Pakistani's came back to Pakistan and worked here, you'd see a sea change in our economy with 10 years. There is nothing special about us, just that we have learnt and experienced the best practices of the rest of the world.
