Main Zahid lauds efforts of governor SBP under stressed economy.

FPCCI's Businessmen Panel SVP, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said coronavirus is digging a grave for country's stressed economy.

Giving package to some sectors while at the mercy of the situation is not good policy as all sectors are interlinked that should be bailed out together, he said.

Mian Zahid Hussain said that a very serious economic is looming which calls for a proper response otherwise the whole nation will face the consequences.

Talking to the business community, the veteran business leader said that millions of people have lost their jobs, majority of businesses and industries are facing lockdown, exports are sliding, and the situation has broken the back of masses but what we see is lack of planning and political will.

The former minister noted that international institutions are projecting a serious economic crisis but their actions have left much to be desired. There is an absence of a global unified response which has pushed different countries to deal with the problem in their own way. He said that developing countries are worst hit as they lack...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT