Saturday, July 20, 2024
Main Menu

Industry and trade declining due to troubling situation

KARACHI, APR 7: /DNA/ – 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 Friday said the poverty and anxiety of the people is increasing.

The selfishness of the failed politicians is reaching its limits while the government is not being allowed to deliver despite a mandate till August, he said.

Mian Zahid Hussain said that the government is unable to take necessary decisions for economic reforms due to political turmoil and the cost of political struggle is being paid by the people.

Talking to the business community, the veteran business leader said that the split in the supreme judiciary is affecting their reputation. The scuffle between two factions of the judiciary may soon turn into a regular fight, which will deal a blow to its reputation and prestige.

He said that the legislature and the executive are not ready to accept the decisions of the divided judiciary, while the judges also do not want to soften their stand.

Institutions are collapsing and the country is rapidly falling into a deep abyss, industry and trade are sinking, but no one cares about it, he added.

Mian Zahid Hussain said that at present there are queues of people buying cheap and free flour all over the country, but if the country goes bankrupt, there will be long queues for everything including oil and medicines, the system will fail, the whole country will be plunged into darkness.

In such a scenario, no part of the country will be safe from riots and looting, therefore the incumbent government should be allowed to function instead of deliberately creating instability and failing the government.

The business leader further said that the failed politicians are fully engaged in power play and are not concerned about the problems of the people.

If people facing unprecedented inflation took to the streets; it will become difficult to manage the situation.

Mian Zahid Hussain said that some people think that elections are necessary for the current situation, but they know very well that no political party has a magic wand with which they can solve all the serious problems of the country after coming to power.

Unless all the players of this game do not apply the rules and regulations and limits and restrictions on themselves, there will be no stability in the country, but instability will increase.

Chairman of the senate should be appointed after consensus between the government and opposition as their agreement is necessary for the appointment of the caretaker prime minister, he suggested.

Comments are Closed