Pakistan Today

Economic experts want unity to sustain tempo of development

Economic experts and senior journalists have emphasised that this is time for unity to resolve problems of the people and sustain the tempo of development and progress built by the present government.

Former federal secretary and economic expert Dr Gulfraz said there was no justification to try to sort out issues on roads when they had the parliament and the provincial assemblies.

He said it was duty of all political forces to ensure that the process of development was not hampered and focus remained on resolution of problems of the people.

Dr Gulfraz said after a long time the government was changed through democratic process. People judged performance of a government that ruled the country for five years and handed over reigns of power to another party in the general elections.

He said if performance of a government was not satisfactory then it was for the electorate to make a new choice in next elections.

Karachi Stock Exchange former director Zafar Motiwala said the confrontation and violence had negative impact on the overall economy of the country. He said after the Eid holidays the stock market showed decline throughout the week due to uncertain condition. He said on the first day the market was 700 pints down.

Zafar Motiwala said the capital market of the country would have to bear the results of violence. He said it would also affect the day-to-day business as a number of labourers who work on daily basis would not be able to feed their families.

He said the agitation would result in decrease in production and export and would hamper the growth of the economy of the country.

All Pakistan Anjman-e-Tajran President Ajmal Baloch said the people of the country made historic shopping on this Eid that was indication of the fact that under the present regime the economy of the country was at boom.

He said the last sit-in of Tahirul Qadri in Islamabad rendered four billion losses to the traders and businessmen of Blue Area, Islamabad. He said the traders were annoyed this time and they would claim losses from those arranging sit-ins in Islamabad.

He said the mere announcement of the sit-ins had declined the stock market and they were afraid what will happen if the sit-ins took place.

Islamabad Chamber of Commerce and Industry former president Zahid Maqbool said the national economy was moving in the right direction, which had also been recognised by the international economic institutions. He said it was not a suitable time for protests.

Dr Pervaiz Amir, expert on economy, said issues could be resolved only through dialogue. He said it was not the right time for political parties to demonstrate their strength on the roads.

 

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