Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan said that Economic Reforms Act 1992 was meant to legalise the black money in the country besides corrupt elite had opened up offshore companies under the garb of the act. He was speaking to the business community at Karachi Chamber of Commerce and Industry (KCCI) here on Saturday.
He said that bad governance in the country has discouraged investments in the country. "Without enabling environment you cannot attract investments", he said. Imran Khan urged the federal government to make Federal Board of Revenue (FBR) an autonomous and free of political influence.
According to the report of National Accountability Bureau (NAB), chairman PTI said country witnesses Rs 12 billion corruption, adding that heavy debts and deficits could not heal up the ailing economy. He said textile sector has witnessed a record decline over the past few years due to failed economic policies of the incumbent government.
"Bangladesh textile sector is booming," he added. He urged the business community not to scare of the government, saying that incumbent governments have always ditched the businessmen and industrialists. He said that Khyber Pakhtunkhwa (KP) government has been facilitating traders. He said new resources to generate revenue have become gigantic task for the government. He said corrupt ruling elite should be made accountable to masses for economic development.
Referring to western democracies, he said rulers have to declare their assets before they assume public offices. PTI Leader Asad Umar pointed out that corruption is the biggest problem that country is facing. He said that failed economic policies of the government have put the country's economy under stress. President KCCI Shamim Ahmed Firpo, Siraj Kasim Teli, Anjum Nisar and others also spoke on the occasion.
Comments
Comments are closed for this article.