2021 was very difficult for masses, business community, Zahid Hussain.

Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said 2021 was a disappointment for the masses and the business community.

In the outgoing year, Pakistan became one of the most expensive countries in the world taking a toll on the poor and middle-class because of poor governance, he said.

Mian Zahid Hussain said that during 2021 the US dollar shattered the rupee, inflation and unemployment skyrocketed while the price of petrol, gas and electricity jumped to unprecedented levels.

Talking to the business community. The veteran business leader said that LNG could not be imported on time due to poor governance which led to an energy crisis in the country.

Imports of furnace oil led to the closure of refineries, sharp rise in prices of electricity, gas and petrol made life difficult for the masses while there was no improvement in any sector.

He said that there was some increase in remittances due to travel restrictions while the main reason for an increase in exports was the depreciation of the rupee and inflation in export markets.

Mian Zahid Hussain further said that the government could not get the loan from IMF despite its efforts during this year, friendly countries also turned a blind eye to Pakistan's problems while the situation of CPEC remained unsatisfactory.

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