Energy crisis causing capital flight from Pakistan: APML

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All Pakistan Muslim League (APML) Finance Secretary Mansoor Moin has said that due to deteriorating law and order situation and energy crisis, investors are leaving Pakistan and shifting their business and industries to Bangladesh, Malaysia and other countries.
According to an APML central information secretariat press release, Mansoor stated this while talking to delegation of investors. He said due to rapid outflow of investment, unemployment was on the rise which was weakening the country’s economy. The APML finance secretary said during the Pervez Musharraf’s government, economy flourished due to foreign investment in the country and investors had confidence due to peace and consistency in government policies.
He said now the country was terror-ridden and none of the cities were safe due to bad governance and ineligible leadership. Incidents of bomb blasts, kidnapping and murders of traders, extortions in the industrial areas and govt ineligibility to maintain law and order had developed the sense of insecurity among the business community, he added. Electricity crisis is another reason, and the government was not even taking serious measures to cope with the issue, he said, adding thousands of industrial units had been shut down due to lack of electricity and gas provision forcing the investing to shift their business to Bangladesh and eastern and far eastern countries. Mansoor Moin said the masses were once again looking towards ex-president Pervez Musharrad to return and govern the country due to bad law and order situation, prolonged electricity load shedding, shortage of gas, unemployment and worst of all the corruption of rulers and government functionaries. He said Musharraf will soon return to Pakistan and will materialise the wishes of masses by getting them rid of the corrupt and ineligible government.