By Asad Cheema
ISLAMABAD: The Pakistan Economy Watch (PEW) on Monday said international institutions take control of the countries that cannot control their expenses.
Expenditure in excess of income by any country is the surest recipe for economic disaster and slavery, it said.
Pakistan is trying its best to secure loans from any country to avoid a default, but the critical economic decisions are still being taken in the interest of capitalists in total disregard of national interests, said Dr. Murtaza Mughal, President PEW.
The economic policies are being designed in a way that is making the rich richer, but the masses and country are becoming poor, he added.
Dr. Murtaza Mughal said that the treasury is empty but billions of rupees continue to be showered on the elite.
He said that if the government has to earn 55% of its revenue from imports at the port and the remaining capital is to be collected by squeezing the poor, then what is the need for FBR and its 30,000 employees?
Dr. Mughal said that influential brokers have hijacked the country’s system, a former PM called Mir Jaffer of Pakistan by some economists has given a benefit of five billion dollars to the stock mafia.
