Stern measures should be taken against profiteering before Ramazan : PBIF.

Karachi -- President Pakistan Businessmen and Intellectuals Forum (PBIF) and former provincial minister, Mian Zahid Hussain has said that slated profiteering across the country before Ramazan has added to the miseries of the masses.

While talking to a meeting of business community , he said on Monday that claim of zero load shedding by top officials was a political statement as the situation in the ground is different and masses across the country continue to suffer due to frequent outages.

The business leader said that 39 percent of the population is already living under the poverty line, rupees has lost its value by 23 percent, inflation which was 5.8 percent in August 2018 has jumped to 9.4 percent in March 2019 but this was not enough to catch the attention of administration.

Despite such grim scenario, the unscrupulous have been allowed to use the arrival of the holy months of Ramazan for making unfair profits on the cost of masses due to inaction by the authorities concerned. The masses are made to see the annual ritual in which some top officials give directions to the district administration to 'remain vigilant' and discourage profiteers by initiating strict action which has never been applied, he added.

The Former Minister said that the high inflation...