By: Raj Kumar Asnani
Is it is under debate that, Pakistan is trapped in a debt crisis, and as ever this is a disaster for the common citizens.
For four decades, much-needed development in Pakistan has been hampered as the country struggles with its large external debt.
Debt cancellation is crucial for Pakistan’s survival because health and economic challenges posed by Covid-19 are unprecedented in Pakistan’s history.
In early 2019, within the face of a financial crisis, the Islamic Republic of Pakistan reached intent on the International Monetary Fund (IMF) for a bailout package value six billion greenbacks. The economy was just about convalescent from the crisis once the pandemic affected.
Due to the pandemic, a further a pair of.45 million individuals currently suffer from food insecurity.
One-third of Pakistan’s population lives below the poverty level whereas sixty-six of the population or one hundred forty-five million individuals living in financial condition needs immediate relief.
Government of Pakistan spent 6% of revenue on health while paid 26.5% in debt servicing in the year 2019. This is so alarming situation, immediate debt relief from the World Bank and IMF will help to boost health investment and also can enhance social development in this outbreak.
I being a local Thari observed many elements during this pandemic, though it was a crisis and majority of the people from underprivileged areas cum unserved areas suffered in a huge. This is a country where stunting and malnutrition are widespread. Added taxes and an increase in the prices of food items will worsen matters. This strategy should be rethought.
The tuberculosis and malaria control programmes have also received budgetary allocations. The PPP spearheaded the 18th Amendment. So it has a moral duty to show that devolution in health has improved service delivery for the people.
People of Pakistan are facing various issues and there is a dire need of national dialogue to bring reforms in system to deliver and resolve the problems of common people. There is a need of reforms in education, health and polices and reforms can only be possible when all leadership would be on the same page, he told urging all leaders to unite and seriously think about the people and country.
Let’s get smart about health spending. Investing in primary health care is one of the best investments governments can make. By committing to health and strengthening primary health care, leaders can protect their countries against the health challenges of the future, build strong economies and promote thriving communities. Let’s create health for all.