Islamabad, August 03, 2022 (PPI-OT):Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Wednesday said the judgement of the Election Commission (EC) will bring political stability to the country. Because of the verdict of the EC, the political environment and limping economy will improve after a long time while it will also help improve overall political environment in the country.
Shahid Rasheed Butt said that the economic diplomacy of the Army Chief is admirable which has helped to improve the situation. He said that a few days before the Election Commission’s decision in the foreign funding case, the leaders of a political party changed their tone and started talking about reconciliation.
After the verdict, the attitude of a firebrand leader, who has always claimed to fight corruption, has softened to save his politics and now the politics of protests and threats of marching on Islamabad have diluted which is good for the political and economic future of the country.
In the next few weeks, table talks between the government and the opposition may begin, which will make the public and business community take a sigh of relief. Mr. Butt said that after the EC verdict, the business community has estimated that now the efforts to destabilize the country will not succeed, there will be no immediate election and that efforts of COAS have helped quick disbursement of IMF’s instalment.
In the current situation, the rupee has started to stabilize and the dollar is shedding points but the rate of stabilization of the rupee is slow, which needs to be improved through reforms to provide relief to the public and the business community. He said that the government should not have compromised in collecting tax from the traders but it was done which is regrettable. Shahid Rashid Butt said that now Pakistan will also get good news from FATF which will be a relief for the economy.
For more information, contact:
Dr. Shahid Rasheed Butt
Consul General Ghana
Former President ICCI
Former Patron ICST
Tel: +92-333-5132199, +92-51-2822571