Economic development: ‘Stability prerequisite for growth’

Political stability is a pre-requisite for economic growth and development of the country, says Iftikhar Ali Malik.

LAHORE: “Political stability is a pre-requisite for economic growth and development of the country in the prevailing global scenario, to offset hovering threats and future fiscal challenges,” SAARC Chamber of Commerce and Industry Vice President Iftikhar Ali Malik said while chairing a round table conference on “Durable Political Stability Must for Sound Economy” on Friday. He said that the country was passing through a critical phase in the wake of the war against terror, which, he added, required a stable democracy and continuous economic growth. He said foreign investment from multinational companies and private sectors would only pour in the country if democratic institutions were strengthened and a peaceful atmosphere prevailed.

Published in The Express Tribune, October 27^th, 2012.