ISLAMABAD (APP): Speakers at a conference on Wednesday (16 Sept 2015) proposed to establish an independent “Debt Audit Commission” for deciding legitimacy of debts acquired by successive governments.
Speaking at a “Conference on Pakistan’s National Debt” organized by the Islamic Relief Pakistan here, they said legislation should be made to give the commission legal cover.
Member of the National Assembly Rumesh Kumar said that every government should focus to decrease debt and the country could get rid of this menace through good governance. Expressing the need for establishment of a debt audit commission, he said he would table a bill in this regard in the assembly.
He said improvement in the law and order situation and power generation would further improve economic conditions in the country. Rumesh Kumar also called upon the media to play its role in identifying different problems and also propose their solutions.
Abdul Khaliq, focal person CADTM-Pakistan and Executive Director Institute for Social and Economic Justice, former Provincial Secretary Finance, Country Director, Islamic Relief, Taimour Rehman, Founder of Islamic Relief Hani al Banna and other speakers spoke on the impact of debt on human development.
They opined that the country should make elaborate efforts to reduce its foreign and domestic debts. They also presented several suggestions to lessen the debt burden and called upon the government to devise such policies which could help decrease dependency on the loans.