Five years of democratic rule proved difficult for masses, economy: IWCCI


Islamabad Women’s Chamber of Commerce and Industry (IWCCI) on Saturday said the policies and performance of the government in the last five years had pushed the country towards total economic collapse. The democratic government disappointed a majority as multiple crises left millions insecure and vulnerable, said IWCCI President Farida Rashid while speaking to businesswomen. Government failed to improve situation of employment, education, energy, environment and equity which was part of its manifesto, she said. Rashid said policies to promote nobility and hammer the poor had left the economy half-dead while the rupee eroded by 36 percent in five years, getting a prominent position in the club of worst performing currencies. Despite warnings, the government accumulated the biggest mountain of debt in the history of the country, pushing government debt from 6 trillion to 13 trillion, she said. The energy crisis was used to meet personal goals while CNG decisions left millions jobless and starving as a majority of those who lost jobs at filling stations and workshops have no other marketable skill, she said.


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