Economic managers pushed country to the brink of default: PEW
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Budget failed to revive confidence of investors and exporters
Govt more interested in politics putting economy on the back-burner
The Pakistan Economy Watch (PEW) on Wednesday said economic managers have pushed the country to the brink of default as the export-import gap has jumped to the unprecedented 30 billion dollars.
The situation worsening by the passage of every day but the government seems to be more interested in politics, it said.
In the current economic scenario, getting loans from the banks is not sustainable as it continues to burden exchequer and it is not a substitute to the exports, said Dr. Murtaza Mughal, President PEW.
He said that budget has failed to address the concerns of important sectors as the textile, overseas investors, construction, stock exchange, corporate sector, multinationals and various chambers of commerce have rejected the budget and started protests.
