Political turmoil can cause a humanitarian crisis in country - Press Release issued by Atif Ikram Sheikh.

Islamabad -- October 31, 2022 (PPI-OT)

Following is the text of press release issued by Atif Ikram Sheikh

Quote

Former Vice President of FPCCI Atif Ikram Sheikh on Monday said the country can face a humanitarian crisis due to political chaos and economic downturn. The economy is going down because of uncertainty and the confidence of the business community is being affected, he added. Atif Ikram Sheikh who has also served as Chairman PVMA said that the reason for the latest wave of inflation in the country is political instability.

The price of everything is skyrocketing and the prices will not decrease but will increase unless the political situation is improved, he added. He said that the price control system is dysfunctional as usual due to which people are facing more problems. He said that some politicians are becoming bitter and trying to meet the demands through protests, which is affecting the confidence of the business community, the effects of which can be seen in the form of a fall in the stock market.

...