President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Monday said growth rate of all regional countries is improving except for Pakistan. Improving growth is reducing poverty in all regional economies but inflation and eroded buying power in Pakistan is resulting in poverty, health issues, stunted growth, and other serious issues, he said.
Talking to the business community, the veteran business leader that almost forty percent of the global children population with stunted growth lives in Pakistan which will a burden in the future.
The former minister noted that inequality in increasing globally and in Pakistan because the policymakers are more inclined towards the welfare of the wealthy which also reflect in their policies and budgets.
The majority of the countries are facing the concentration of wealth in few hands which if...