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Monetary crunch: Promote lassi and sattu, HEC tells VCs

A representational picture of sattu (left) and lassi. — YouTube/Unsplash

KARACHI: The Increased Schooling Fee (HEC) has requested the vice-chancellors (VCs) of the general public universities to advertise the consumption of native drinks resembling lassi and sattu as it will “improve employment and generate revenue for the general public” amid the continued monetary disaster within the nation.

In a round issued by the HEC appearing chairperson Dr Shaista Sohail, she drew the VCs consideration to the monetary disaster confronting Pakistan and requested them to take a “management position and consider modern methods to offer aid to the lower-income teams and the financial system as a complete”.

Advised measures embrace:

  • Scale back fossil gas imports; promote analysis in alternate power as an alternative to imported fossil gas in bikes, busses, trains, automobiles, and so on.
  • Scale back edible oil imports; analysis on native cooking oils and their advertising to switch imported edible oils.
  • Promote native tea plantations and likewise conventional drinks that are domestically manufactured and wholesome like lassi and sattu. This can improve employment and likewise generate revenue concerned in manufacturing these drinks for the general public. The expenditure on the import of tea would scale back our import invoice.

“I’m positive that the honourable vice-chancellors will be capable of innovatively discover many different avenues to create employment, scale back imports and ease the financial state of affairs,” she added.

Pakistan has been grappling with a widening present account deficit, depleting international alternate reserves, and a delay within the revival of the Worldwide Financial Fund’s (IMF) mortgage settlement.

Overseas alternate reserves held by the State Financial institution of Pakistan (SBP) have fallen to as little as $8.2 billion as of June 17, and the Pakistani rupee is at document lows in opposition to the US greenback.

In gentle of the present monetary disaster, Minister for Planning, Improvement, and Particular Initiatives Ahsan Iqbal earlier this month requested fellow countrymen to chop down on chai consumption as a part of the trouble to scale back a rising import invoice — however that suggestion was not welcomed.

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