Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Tuesday said the future of the country depends on the economy but all the attention of the rulers is focused on politics.
The economy is going down but required steps are not being taken which will result in an economic collapse, he warned.
Shahid Rasheed Butt said that the country needed responsible economic management but nobody seems interested in the revival of the crumbling economy.
He said that political reconciliation is necessary to deal with the economic crisis but there are no signs.
Political crisis destroying the economy while investors are panicking over the state of affairs and conflicting messages about the next general elections, he observed.
The PML-N wants to stay in power until August 2023, but the opposition wants immediate elections resulting in a stalemate.
The business leader noted that double-digit inflation, rising debt, increasing deficits, failing state-owned enterprises, heavy borrowing, declining investment and the energy crisis are matters that need urgent attention.