Financial distress: ‘Economy suffering from uncertainty’

FCCI President Suhail Bin Rashid has asked politicians to shun extremism detrimental to the national economy.


Our Correspondent August 13, 2014

FAISALABAD:


The political unrest and turmoil has resulted in a colossal loss of Rs3 trillion to the stock exchange and Faisalabad Chamber of Commerce and Industry President Suhail Bin Rashid has asked politicians to shun extremism detrimental to the national economy.


Addressing the executive members of the FCCI, he said that loss to the exchange reflects a negative image of the country’s economy. This will also add to the commoner’s misery as it will lead to price hikes and unemployment in the country.

“The situation of the economy was improving last year. The GSP Plus status by the European Union, China’s announcement to invest $32 billion in Pakistan and hopeful investments in energy projects helped bolster hopes.

“But the political situation of the country has nullified  achievements and have tarnished Pakistan’s image as a business-friendly country.”

Published in The Express Tribune, August 14th, 2014.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ

E-Publications

Most Read