KARACHI:The Pakistan Economy Watch (PEW) on Monday said failure of PDM will not provide relief to the government as inflation, uncertainty and governance failure are bigger threats.
Frequent transfers of important officials are sending wrong signals and shaking foreign as well as local investors, said Dr Murtaza Mughal, President PEW. The sudden and unexpected decisions have not improved the situation rather contributed to deterioration, said Dr. Murtaza Mughal, President PEW.
He said that hasty decisions without proper debate will never help stabilise the economy or reduce inflation therefore the matter should be considered.The decision regarding import of cotton, yarn and sugar was changed within hours resulting in a shock and uncertainty, he said, adding that hoarders are against trade with India so that they can continue their plunder.
Some export sectors were promised cheap energy which remained on papers which has prompted investors to hold investment decisions, he said. Dr. Mughal said that a common man is of the opinion that government cannot tame inflation, could not control mafia, it is unable to take proper economic decisions, there is a lack of coordination among different ministries and the country has been made a laboratory which has added to their problems.