By Asad Cheema
ISLAMABAD: President Pakistan Economy Watch (PEW) Dr. Murtaza Mughal has said that negative policies of the ruling elites have increased the worries of masses and they are disappointed about future of the country.
In a statement issued on Sunday, he was of the view that despite the challenging situation, important economic decisions are being politicized and these wrong policies are not benefiting the government, but harming the public.
Dr. Murtaza Mughal said that the economic conditions of the country have been bad for the past several years, but now the situation has become alarming adding to the worries of masses.
The country’s economy is nosediving, there are no new jobs and existing jobs are also decreasing in various sectors and the country’s default has become the most important issue of discussion among the public, he added.
The business leader said that the agriculture, industrial and service sectors are in decline and the country’s population is getting poor day by day.
Masses have been forced to cut essential expenses while education and health have become a luxury ending the prospects for future development, he noted.
Dr. Murtaza Mughal said that small businessmen are worried about the situation while many entrepreneurs are moving their businesses and capital abroad out of desperation which will not be good for Pakistan.
Youth are leaving the country in large numbers which has never been seen in the past which indicates that they see no future for themselves in Pakistan.
He said that the majority of local and foreign investors are considering an investment in Pakistan as a high-risk deal while the majority of people believe that politicians lack any solution to the existing problems and they have no desire for it because their attention is focused on politics and serving the elite.
Dr Mughal said that elites are becoming more influential and they are successfully producing desired outcomes which are squeezing the masses facing multiple problems.
