Inflation widening gap between rich and poor: Mian 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 said on September 11 that inflation is widening the gulf between the rich and the poor.

The middle class has become poor, and the people are suffering under the burden of inflation, which is causing economic and social problems, he said.

Mian Zahid Hussain said that the business community cannot invest or plan for the future due to inflation, so this problem should be solved immediately.

Talking to the business community, the veteran business leader said that inflation is a significant cause of economic instability, which is an obstacle to domestic and foreign investment.

He said that unemployment will continue to rise until there is no investment in the country, and the solution to unemployment is to promote technical education.

Mian Zahid Hussain said that there is a need to create a strategy to end inflation, in which the first priority should be given to speculation and hoarding while administrative measures should be taken.

Targeted subsidies for poor people should be increased because people can no longer feed themselves. SIFC is an excellent arrangement for prioritising foreign investment under which investors will be provided...