Political reconciliation to help boost economy: Ch. Shujaat

ISLAMABAD: The country's economy could be put on right track by promoting political reconciliation, President Pakistan Muslim League (Q) Chaudhry Shujaat Hussain said on Wednesday.

"Economy can prosper, if all political forces find common ground to ensure political and economic stability," he said while talking to Dr. Murtaza Mughal, President, Pakistan Economy Watch (PEW).

The veteran politician said that Pakistan has enough resources and human capital to become a major economic power but some politicians are working contrary to the national interests to gain mileage, he said.

Ch. Shujaat Hussain said that many countries have proved themselves in the comity of nations without as much resources as we have.

He said that no country with such divisions have ever moved forward adding that it is high time to shun differences.

Numerous opportunities have been missed due to current situation which can bring development to a standstill, he added.

He said that his family has always rendered sacrifices for the country it stood ready to work or the strength of the motherland.

On the occasion, Dr. Murtaza Mughal said that major political problems remain unresolved which has hampered the development.

He said that all the policies having an impact on trade and commerce should be revaluated.

Dr. Murtaza Mughal said that apart from business community, political parties should also work hard for stability of the country.

Political conflicts over the past years have cost the country in terms of lost economic opportunities, growth and competitiveness, he said adding that and masses want an end to it.

"Investors have low confidence in the economy as they are worried about political uncertainty having an adverse impact on business; they avoid committing long-term investments," said Dr. Mughal adding that situation is helping flight of capital from Pakistan.

Stressing for a national reconciliation policy, he said that the party that initiates dialogue to fill the gap between different political parties will earn the respect of masses.

Copyright APP (Associated Press of Pakistan), 2011