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Political struggle can jeopardize chances of economic recovery
Islamabad: [Feb 28]
The Pakistan Economy Watch (PEW) on Monday said political struggle in Pakistan can jeopardise chances of economic recovery.
Government and opposition should try to bring political harmony in country so that proper economic measures can be put in place, it said.
Politicians should sit together for the sake of the country otherwise country will face further problems on all fronts, Dr. Murtaza Mughal, President PEW.
He said that economy cannot sustain without regular supply of energy but many related issued including that of circular debt has been tackled on ad hoc basis.
Heightening fiscal deficit and climbing debt servicing are posing serious threat to the economy, he said adding that country is unsuccessfully dealing with the task of raising revenues to defeat budgetary gap that has been estimated to cross Rs one trillion mark.
Anti-people alliances of rural elite and selected industries are not ready to pay their share in the national development which leave country with no option but to cut developmental expenditures and opt for a begging bowl, said Dr. Mughal.
Investment is declining in country while overall climate is far from satisfactory due to mishandling of many issues including war on terror.
Gravity of the situation has reached to an extent where private firms are approaching politicians to save their investments while some have conducted press conferences, he said adding that we have enough of politics, its time leaders should also think about economy..
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Dr. Murtaza Mughal
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