Lack of political stability hurting investment, economic growth: FPCCI

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has feared that political climate of the country has become unpredictable due to political uncertainty, reducing the level of investment and affecting the economic growth of the country, suggesting the government as well as the opposition parties to settle issues through talks in parliament, which the right way to resolve the issues.

Businessmen Panel (BMP) Chairman Mian Anjum Nisar appealed the political leadership to act wisely and show commitment with the country, as the lack of political stability is ruining the trade and economic activities in the country.

The FPCCI former president said that this situation might create unstable economic conditions, generating higher risks, and transforms into low investment while inflation is one of the key sources of uncertainty.

The high rate of inflation leaves the nation uncertain about potential investments, he added. He said that the financial sector is stable, as the government has continuously been bringing reforms in different sectors. He said that the government has been working on sustainable growth which will boost up to 6% further. He said several reforms had been made in industrialization, housing and agricultural sector.

He said that political circles should lay down their differences in the larger interest of the country and resolve their issues through parliament, he added.

Copyright Business Recorder, 2022