Karachi: Chairperson of Pakistan Business Forum (Sindh Region) Shabnam Zafar said that no legislation was passed in the five-year National Assembly that was dissolved last night for the welfare of the people and the business community. Talking to the media representatives, she said that in this five-year parliament, the rupee fell by 163 rupees against the dollar.
Inflation raised the cries of the people and traders. Paying electricity bills is not a matter anymore, while theft and line losses are the same and there is no writ of the state in the electricity sector. It is a shameful attitude that in the last week the bills of more than 40 new universities have been approved, which can be gauged from how this sector is also being viewed as a business.
She further said that financial discipline is needed during the interim setup. Similarly, free and fair elections are imperative for economic recovery in the country. We need fiscal discipline during the interim setup because the IMF will issue a $3 billion loan tranche after the economic review in the caretaker government.
The Pakistan Business Forum also demands that the caretaker prime minister should be the consensus candidate for free and fair elections, which are badly needed for economic recovery in the country. We have to understand that neutral elections have become inevitable for the country’s economy and whoever comes to the government should avoid the IMF package, take difficult decisions, collect taxes honestly, and reduce spending, the nation will be with you. We should understand that our requirement to run the country is around 14 trillion rupees, compared to which our tax collection is 50% less.
