Islamabad, May 18, 2022 (PPI-OT):The Pakistan Economy Watch (PEW) on Wednesday said the government is taking decisions in its own interest instead of the national interest. The rulers have failed to take a clear stand on oil, gas and electricity subsidies as well as the agreement with the IMF which is adding to the anxiety of the people and investors, it said. The government should act accordingly to arrest the fall of the rupee otherwise Pakistan will become another Sri Lanka, said Brig. (retd) Aslam Khan, Chairman PEW.
In a statement issued here today, he said that the consultations of the government and its allies are not ending which is affecting the economy and the credibility of the ruling coalition. Aslam Khan said that the differences between the ruling coalition on important economic matters are also adding to the problems while the PTI’s protests are further aggravating the political and economic situation.
He said that the government is accusing the PTI of ruining the economy and but it is also fueling it with indecision. He noted that the subsidies announced by the PTI have brought the economy to a standstill, but the present government cannot make the tough decision to end the subsidy, which destroying the fragile economy.
What can be expected from a government which is not able to stop unnecessary imports which are eroding the exchequer?
If the government cannot make the right decisions based on national interests, then why the no-confidence motion was brought and why homework was not done before this decision?
If the government wants to shield itself from important decisions and is not in the mood to fulfil any kind of responsibility, it should leave power instead of suspending the necessary matters so that the caretaker government can save the country from complete bankruptcy, he demanded.
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Pakistan Economy Watch (PEW)
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