THE ALARM BELLS !!! (2)
In this situation, there is an opportunity for Pakistan to attract British companies to invest in Pakistan. Some investors may go to India, but India is not included in the list of countries of the world, mainly because of corruption and red tape. India has been claiming for some time that its GDP has been equal to France, of course, but is the per-cent income equal to France? The decline in oil prices and the war in Yemen have had a bad impact on the Saudi economy, with the local population rising unemployment rates and the program of economic reforms closing the doors to foreign workers in Saudi Arabia. Those who have returned from there tell stories of empty shopping malls and empty buildings. This is the case in Dubai, where businesses have started to move after new taxes have been imposed. While the prospects of a recession are not being reflected in Canada, the effects of the fall in oil prices are beginning to appear in oil producing provinces like Alberta, where job prospects are beginning to decline. However, the Canadian Central Bank is raising concerns over interest rate hikes and inflation in the coming months. In Europe, after the economic crisis in Italy and Greece, people in France have taken to the streets against the economic policies of the government. It has been over four weeks since the Yellow-Wesket protest movement began in Paris, but despite the arrest of hundreds of people, the protest movement continues to spread to other cities in France. The main reason for the movement was the rising petrol price, but the fact is that there was growing discontent among the people of France, especially Paris, over the past two decades. The Yellow-Wasket movement is said to be protesting against petrol prices, interest rates, corporate sector and wealthy, and increasing taxes and expensive spending on ordinary citizens.
French citizens suspect that nothing is left in their pocket after paying their bills. This has made it difficult to meet its daily expenses, while street crime rates in Paris have risen so high that people are afraid to walk the streets. It is said that the middle class is rapidly going into poverty, large stores and businesses are closing down, while the wealth of the well-off is increasing exponentially. One of the most significant aspects of this situation is that ordinary citizens have lost their due relationship with their political leaders, they must listen to political leaders talking on television, but they don't understand what they say. Tension is mounting in the United States and Russia after allegations of missile systems and interference in the US presidential election. European nations seem to be refusing to re-create their countries or become part of the new Cold War, but Russia is expressing concern over the growing activity of NATO forces near its borders. In these circumstances, there are many opportunities for Pakistan, but Pakistani planners have to work out of the traditional thinking. If the political leadership succeeds in regulating the Pakistani manpower, there are opportunities for Pakistan to move forward in the global market. It is necessary to understand that the economic power of the nations is increasing.
Today, more exporting nations are prosperous. However, the potential for a recession and increasing tension in major powers are reducing the export opportunities. The policy of reducing the value of the currency to increase exports in this way will probably not benefit much. In the era of global market, it seems better to focus on larger projects to grow domestic production or domestic business. It is said that the market is very severe but the growth in agriculture continues. Pakistan is an agricultural country, but there is no focus on managing and developing modern fields for the agriculture and dairy sector and the industries associated with it or other basic commodities. In this situation, it seems that people who are making fun of chicken, egg and poultry today will be exporting the same stuff tomorrow.
