PML-N concerned over investment halt

RECORDER REPORT

LAHORE: PML-N Secretary Information, Senator Mushahidullah Thursday said investment in the country has halted mainly due to rampant corruption and flawed policies of the government.

"Now local investors are making investment in economically stable countries like Bangladesh, Sri Lanka and other countries instead of investing in the country," he said. According to him, multinational companies have started transferring their capital from the country, which is a very dangerous trend. In the face of declining investment and transfer of capital, there would be surge in unemployment, which should be a matter of concern, he added.

Senator Mushahidullah said that government needs to introduce self-accountability system in the state run institutions so that corruption could be checked. He added that corruption and gas load-shedding are not only causing decline in GDP but also leading to unemployment apart from the badly affected export.

Had the government implemented 10-point agenda given by PML-N President, Muhammad Nawaz Sharif, the state of country's economy would have improved apart from resolution of public issues, he said.