A Guest Post by Majyd Aziz

The economic prosperity of any country is largely due
to the initiatives of the private sector and fully supported by the
government thru demand-oriented facilities. The government has to
introduce a laissez-faire mode of relationship with regard to industry
and trade. In Pakistan, there has always been a yo-yo style relationship
between the government and the business community. The over-employment
in the government bureaucracy has led to abnormal increase in
governmental interference, harassment, and corruption. This has come to a
point where about half of the industrialist’s time is wasted on
government matters such as inspections, audits, correspondence, reports,
filling forms, and visits to government offices. The government must
reduce the plethora of taxes, must minimize punitive measures, must
lessen the visits of petty officers of myriad agencies, and must slash
the tax rates if there has to be increased investment in the country.

This cup of tea was served by: From the Pulpit …