Financial distress: ‘Economy suffering from uncertainty’
FCCI President Suhail Bin Rashid has asked politicians to shun extremism detrimental to the national economy.
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.
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.