Pakistan Businessmen and Intellectuals Forum's (PBIF) President, Mian Zahid Hussain has expressed concern over increasing poverty at a rapid pace while price volatility is taking a toll on masses.
He said that the government's steps to provide small loans and free food to poor are laudable but economic turnaround will require restoration of confidence of the business community.
He expressed that the economic situation is not as we are told. Inflation continues to make life difficult for the masses while the interest rates are not being reduced despite calls by economists and the battered business community.
Mian Zahid Hussain said that some tough decisions have improved some sectors and satisfied IMF but it has also damaged other sectors that should not be ignored.
Copyright Business Recorder, 2019
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