Former President of the Islamabad Chamber of Commerce, Shahid Rasheed Butt, on behalf of traders from across the country, has announced unanimous support for the 27th Constitutional Amendment, stressing its importance for strengthening democracy, the judiciary, and national defense.

In a meeting of traders and industrialists held on Thursday, Butt described the amendment as a crucial economic necessity amidst the nation’s current vulnerabilities. He pointed out that without it, hopes for economic recovery would remain distant, as provinces show financial surpluses while the federation faces a deficit. This imbalance places undue strain on national defense, infrastructure, and energy subsidies.

Butt criticized the 18th Amendment, stating that its objectives were not met, leading to a weakened federation. Provinces gained financial autonomy but neither increased revenue sources, nor improved public services, nor took effective action against terrorism. Consequently, provincial funding increased without improvements in public welfare, fostering unrest and violence.

The proposed amendment seeks to correct financial imbalances, providing more resources for the central government and reducing reliance on loans. Additionally, it promises to improve the judiciary and reduce public grievances, thereby boosting business confidence and promoting uniform national development.

Butt urged political parties to set aside differences and support the amendment, warning that if immediate reforms are not undertaken, the economic crisis could worsen, jeopardizing business activities and national security in the face of external challenges.