It is pretty evident that Pakistan’s economy is experiencing an upward trend over the past few months. However, the Pakistan Economy Watch (PEW) said that the current regime does not seem interested in the revival of economy as it has concentrated its attention towards politics.
According to PEW President Dr. Murtaza Mughal, the government has been continuously steering away from reforms and unpopular decisions and it’s highly unlikely that the government would introduce anything to improve the economic situation during the election year. He added that the ruling and opposition parties are not interested in economic revival and they are focusing more towards their own respective agendas, which is pushing the country towards default.
He said that trade deficit during the first 11 months has crossed $30 billion mark, but the current regime has not done much to prevent the economic meltdown. The government and other political parties should consider drafting a framework in order to improve the overall growth rate and ensure that people of all strata and regions will benefit from the booming economy.
Moreover, the mismanagement is adversely affecting the employment opportunities while compromising the ability of millions of wage earners to efficiently support their families. Dr. Murtaza said that the incumbent government has created no opportunity for the poor.
He added that the prosperity of urban population and business community is still confined to statements made by the government functionaries. This has infuriated the business community to the extent that many of them have started shifting their units and funds overseas. Now, more than ever, the government needs to made enthusiastic attempts in a bid to offer relief to masses.