Karachi: I can change Pakistan’s economy in three years, said economist Kaiser Bengali while addressing a function organized by Rotary Club of Karachi Nexus. President 2021-22 Rotary Club of Karachi Nexus Ali Haider, Assistant Governor RY 2021-22 Rotary International Districts 3271 Kausar Aslam, Founder & Executive Secretary RCK Nexus Aslam Khaliq, Treasurer RCK Nexus Javed Zaidi, Syed Turab Shah, Nadeem Najmi, Mohammad Fawad Sheikh, Tariq. Alvi, Shoaib Arif, Asad FACTO, Junaid Abdul Kadir, Syeda Sara Zafar Ali, Naheed Akhtar, Tobia Sheikh, Huma Khan, Junaid Hamid, Chaudhary Ansar Javed, Dr. Zahid Hasan Ansari, Faisal Qamar, Naeem ldrees, Parveen Khan, Sardar Humayun, Shariq Ahmed, Dr. Khalid Hussain Shaikh, Sumaira Izhar, Muhammad Waseem Vohra, Khurram Anis, Muslim Mohamedi, Sheikh Muhammad Irfan Asli Pari, Sahnan Javed, Janzeen Ali, Commodore (R) Akbar Naqi, Saima Naqi, Hamid Ahsan, Asad Ullah Larik, Muhammad Farooq Afzal, Shafaq Ahmed, Rizwana Shahid, Samira Shahid, Nighat Arshad, Mohammad Omar Khan, Adnan Ahmed, Qazi Noman Mujahid and others were also present.
The depreciation of the rupee and the sharp rise of the dollar in Pakistan is one of the reasons for the collapse of the economy, especially the rise in prices of petroleum products, the sharp rise in electricity and gas prices have weakened the economy and made the country more expensive.
The hurricane has hit, especially those living below the poverty line, he said, adding that neither exports are rising nor inflation is being controlled. The government is claiming that the economy is improving but the traders, industrialists and the general publics are worried about the current situation while nothing is being done to revive the economy and improve it.
Kaiser Bengali said that the people are disappointed with the future of Pakistan. While traders, industrialists and other businessmen are deeply concerned over the lack of business and the collapse of the economy, he said that repeated changes in the finance minister and new experiences have also shifted the economy to the quintile Never before in the history of the economy has the economy been as devastated as it is today, Kaiser Bengali said.
He said that the country could not be put on the path of development Haider Ali, President, Rotary Club of Karachi Nexus, said that the country’s development is on the rise. And there is an urgent need to take serious steps for prosperity by bringing economists from all over the country on one pare and formulating policies that will bring prosperity to the country, run businesses and save the people from inflation and unemployment, he said.
