‘Budget fails to present growth strategy’

Awami Mazahmat says the economic indices in the economic survey report indicates reverse growth in almost all sectors

The new economic pundits of Pakistan have miserably failed to evolve a strategy that would turn around the decelerating growth process, said the Awami Mazahmat in a statement issued on Wednesday. The economic indices revealed in the economic survey report for 2018-2019 indicated reverse growth in almost all sectors of the national economy. The agriculture sector has shown negative growth, which is partly due to the neglect the government has shown towards providing farmers affordable input, the statement said. A majority of the country’s population has been ignored and many rural folk are living a sub-human life, the statement added. The farming population remains stressed by the dearth of irrigation water but the government has not expressed its willingness to augment the supply of water. The statement went on to say that the Awami Mazahmat does not find any project in the new fiscal budget that would promote manufacturing activities and does not consider the measure to be favourable for ordinary folks.

Published in The Express Tribune, June 13^th, 2019.