‘Political battles making economy weak, increasing inflation’

KARACHI United Business Group (UBG) and Pakistan Petroleum Dealers Association (PPDA) leader Malik Khuda Bakhsh has said that the final form of the IMF agreement is not visible before the announcement of the federal budget.

Politicians have no solution to end the ongoing political confrontation in the country, due to which everything from domestic exports to local business is badly affected, the business activities in the stock exchange are unstable and the small business sector. Instead of trading shares, they are investing at 22-24% profit.

This situation is not sustainable for the country’s economy. It is necessary for the government and the opposition to end their differences in the wider interest of the country and work for the strength of the country.

Malik Khuda Bakhsh said that it is a fact that after the arrest of former Prime Minister Imran Khan on May 9, attacks on Jinnah House, government and military installations by miscreants in Pakistan have affected the reputation of the country worldwide. They are fighting a war for survival and political conflicts will make the country weaker.

He said that what happened on May 9 should not have happened. We as patriotic Pakistani forces stand with Pakistan. Due to political battles, the country’s economy is weak, inflation is increasing and the poor are getting worse. It is not looking good we have to save our young generation from going to destruction.

Copyright Business Recorder, 2023