Measures demanded to boost economy: PEW
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Govt asked to initiate negotiations with IMF
The Pakistan Economy Watch (PEW) on Tuesday asked the government to take note of worsening economic situation and take remedial steps without any delay.
The current economic situation has emerged as the greatest threat to the limping economy which needs immediate attention of the top government officials, it said.
The government should immediately start negotiations to enter into a fresh IMF programme otherwise total economic collapse cannot be avoided, said Dr. Murtaza Mughal, President PEW.
He said that exports are falling, imports continue to grow despite efforts, internal and external investments have dried up, capital is flying out of the country and economy is nose-diving which has raised concerns.
Dr. Murtaza Mughal said that negotiations with lending agencies should not be delayed as our economic situation will become weaker by the passage of time which will compromise bargaining power of Pakistan.
