Country on verge of destruction: PEW
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ISLAMABAD: While criticizing economic policies of the country, the Pakistan Economy Watch (PEW) has said that incompetent economic managers have taken country on the verge of destruction.
While talking to Online on Sunday the Pakistan Economy Watch president Dr.Murtaza Mughal said that economy of the country was going down after every passing day which is needed urgent decisive actions.
He said that county’s economic managers have failed to give a concrete policy as current policy of the government is directionless and economic sustainability should be on the top of the government’s agenda.
”Islamabad urgently needs to send a clear message to convince international community and investors that government is now serious to introduce radical structural reforms”, he added.
He said that unpopular reforms will take time to produce results but will restore the market’s confidence which is dwindling due to impression that rulers are willing to risk everything to prolong rule and protect personal wealth.
Our lumbering and complicated legal system that imposes huge costs on business community must be overhauled while dispute mechanism system should be made simple and speedy, he said.
Dr. Murtaza Mughal said that the Pakistani economy has experienced roller-coaster development since Pakistan’s formation as a state. Despite an early phase of impressive growth, the country’s economy was unable to realize its potential for improving the lives of millions of Pakistanis, thereby contributing to the repeated crises facing the state today.
