Country in grip of serious political crisis - Press Release issued by Dr. Shahid Rasheed Butt.

Islamabad -- November 16, 2022 (PPI-OT)

Following is the text of press release issued by Dr. Shahid Rasheed Butt

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Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Wednesday said the ongoing political crisis is weakening the economy. The enemies of the country are celebrating the continuing political chaos in the country with no sign of any relief, he said.

Shahid Rasheed Butt said that the country has been pushed into a serious political crisis for the sake of political interests, for which the people are paying the price. He said that the economy is weakening due to the negative tactics of some frustrated politicians and if this process is not stopped, Pakistan will become a banana republic.

Dramas continue to be played in the name of democracy and the country is no longer able to run without debts, he added. The business leader said that politicians are not concerned about the economy of the country and the repetition of failed experiments continues.

He noted that the Pakistani people are facing rising inflation, gas and diesel shortage, wheat crisis, and mismanagement which has pushed about 80 million people below the poverty line. More than 200 million children are out of school, inflation is higher than in any other country in South Asia, and the cost of living is steadily increasing along with the scarcity of necessities.

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