President American Business Forum (ABF), Salim Ghauri has expressed concerns over dwindling economic indicators, including 61 per cent decline in foreign private investment during the four months of current fiscal and increase in Non Performing Loans (NPLs) to Rs629 billion. This situation is likely to dampen growth of economy further if no timely action is taken by concerned authorities, he said. Salim said Pakistan should make efforts to keep its house in order to rebound economic activity once sluggish trends are over. President ABF said government should launch image building campaign in a situation when security situation has improved impressively. On the rising NPLs, President ABF said NPLs are likely to catch up further due to deteriorating state of different industrial sectors amidst short supply of energy. Energy situation is yet in doldrums and the project of Rental Power Plants (RPPs) has also been scrapped after embezzlement reports followed by apex court intervention.
