(January 08-2023) The Pakistan Economy Watch (PEW) on Sunday said the public’s anxiety has increased and a good number of people are disappointed about the future of the country.
Despite the challenging situation, important economic decisions are being politicized and these wrong policies are not benefiting the government, but harming the public, it said.
The economic conditions of the country have been bad for the past several years, but now the situation has become alarming and the masses are getting disappointed about the future of the country, said Dr. Murtaza Mughal, President of PEW.
He said that the country’s economy is nosediving, there are no new jobs and existing jobs are also decreasing in various sectors and the country’s default has become the most important issue of discussion among the public.
Dr. Murtaza Mughal said that the agriculture, industrial and service sectors are in decline and the country’s population is getting poor day by day.
Masses have been forced to cut essential expenses while education and health have become a luxury ending the prospects for future development, he noted.
Small businessmen are worried about the situation while many entrepreneurs are moving their businesses and capital abroad out of desperation which will not be good for Pakistan.
Youth are leaving the country in large numbers which has never been seen in the past which indicates that they see no future for themselves in Pakistan.
He said that the majority of local and foreign investors are considering an investment in Pakistan as a high-risk deal while the majority of people believe that politicians lack any solution to the existing problems and they have no desire for it because their attention is focused on politics and serving the elite.
Elites are becoming more influential and they are successfully producing desired outcomes which are squeezing the masses facing multiple problems.
