NCS decisions will give confidence to government: Mian Zahid Hussain - Press Release issued by Pakistan Businessmen and Intellectuals Forum.

Karachi -- January 04, 2023 (PPI-OT)

Following is the text of press release issued by Pakistan Businessmen and Intellectuals Forum (PBIF)

Quote

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 the economy is under rumours and has become weak due to various problems while the people are sinking in the mire of poverty.

Economists are failing to manage the situation therefore difficult decisions are being postponed, while the public is overwhelmed by inflation, which requires targeted subsidies urgently, he said. Mian Zahid Hussain said that political compulsions should not be prioritized over the economy and serious efforts should be made to revive the economy otherwise the situation will go out of control.

Talking to the business community, the veteran business leader said that going to IMF is the only option that is being delayed which is tantamount to destroying the country's economy. Some politicians are claiming on a daily basis that the solution to all the problems is the election but they are not ready to give a plan beyond the election, which is an attempt to throw dust in the eyes of the people.

In the past too, they had claimed to make Pakistan a paradise with the help of two hundred economists, but after getting power, they ruined the economy. Mian Zahid Hussain said that political instability and inflation are increasing rapidly, which has increased the anxiety and restlessness of the people and the foundation of the economy is shaking.

The burden of the government structure is increasing...