KARACHI: Sliding economy, unemployment and continued inflation has resulted in political in stability in the country, said President Pakistan Businessmen and Intellectuals Forum (PBIF).
President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Monday in a press statement.
In a statement, Mian Zahid Hussain said that the masses and industrialists are paying a heavy price for the instability and they would continue to brave it in the near future.
Political and economic stability requires more than loans, claims, promises, slogans, and speeches otherwise, not a single country on earth would have been underdeveloped, he added.
The veteran business leader said that the world would not have witnessed unemployment, conflicts and extremism if tall claims were enough for stability.
Political and economic stability cannot be manufactured; it requires balance in external trade, economic activities, and vision to understand and tackle ground realities, the former minister noted.
Mian Zahid Hussain said that the aspirations and demands of the masses can be ignored as it creates space for the extremist elements to play their game.
Mian Zahid Hussain said that the aspirations and demands of the masses can be ignored as it creates space for the extremist elements to play their game.
The governments need to improve governance and the economy which is going down due to falling exports and other reasons resulting in inflation, unemployment, and unrest, he maintained.
The veteran business leader noted that the unrest among masses have provided an opportunity for the opposition to unite against the government.
The opposition would have lost appeal if masses were given relief and the services they deserve, he said adding that increased political intolerance has supported the current protest in Islamabad which has broken the record of sit-ins of PTI and Tehreek e Labaik.
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The opposition parties got a favourable situation without effort as the ground was created by those close to the corridors of power.
Mian Zahid Hussain observed that the government was compelled to provide relief to non-filers which will push downward revision in the revenue target of Rs5500 billion and introduce mini budgets.
He called upon the opposition to observe restraint and that all patriotic powers should be united on a joint economic development programme.
INP/SB
