Trade with India will destroy Pakistani profiteers and hoarders

Islamabad, March 16, 2023 (PPI-OT): Pakistani elites consider trade with India as a death knell for their interests. The import of cheap food items from India will reduce inflation in Pakistan and provide relief to the people, but this is not acceptable to the powerful elite. People can be forced to eat onions and tomatoes at Rs250 per kg, but the import of these items from India at Rs40 per kg cannot be allowed because it will hit the interests of our hoarders and profiteers.

The views were expressed by Dr. Hanif Mughal, Chairman of Pakistan Tehreek Shadbad while talking to the President of Pakistan Economy Watch, Dr. Murtaza Mughal. Other officials of both organizations were also present on the occasion.

He said that Pakistan is suffering from confusion about India. It is neither considered an enemy nor a friend. America and Europe do not want to offend India, but despite being bankrupt, we are always ready to confront the fifth largest economic power in the world, he added. He said that one will support a failing state against India whose annual exports stand at more than $670 billion.

India will become the world’s third-largest economy in a few years while we will continue to beg for survival, he observed. If we improve relations and open trade with India, our import bill will decrease by billions of dollars, food items and other goods will become cheaper, the back of the profiteering mafia will be broken and the country will develop in many areas including technology.

Trade with India is in the interest of the people but unacceptable to the elite plundering national resources for decades. India has imported 758 billion dollars in 2021. And if relations improve and Pakistan gets even a two percent share in it, we will get a foreign exchange of more than fifteen billion dollars, which will solve many of our problems, participants said.

India does not want a conflict with Pakistan as she is fully focused on development while Indians know that the instability and disorder in Pakistan will also affect their economy. Instead of blood-warming hymns, we should act realistically and set our priorities according to the requirements of the time.

For more information, contact:
Pakistan Economy Watch (PEW)
402, 4th Floor, Gulistan Khan House, Fazal-e-Haq Road,
82-East, Blue Area, Islamabad
Tel: +92-51-2510375
Fax: +92-51-2802449
Cell: +92-321-5157671
Email: president@pakistaneconomywatch.com
Web: www.pakistaneconomywatch.com

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