Pakistan's elite is callous and ruthless - Press Release issued by Dr. Shahid Rasheed Butt.

Islamabad -- January 27, 2023 (PPI-OT)

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


Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Pakistan's elites are insensitive, merciless, and irresponsible. Total responsibility for looting the country's resources and ruining the economy rests with the elites but the entire burden is always shifted on the people, he said.

Shahid Rasheed Butt said that the policies designed to promote the ultra-wealthy are increasing poverty in the country and eliminating the middle class. The wealth of the elites is increasing at a rapid pace that is destroying the economy and society which must be stopped, he added.

Pakistani nobility is at the forefront of looting resources but they do not pay taxes to discharge their national obligation. The elites know that economic inequality has terrible consequences and that paying taxes is necessary to bridge the divide between rich and poor and for the bright future of the country but they remains insensitive.

They have earned billions of rupees from Pakistan and have set up businesses and properties abroad therefore, they don't care about the people and their problems. He said that according to a recent report by a reputed non-profit, inequality has been...

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