Karachi (11-09-2023) Malik Khuda Bakhsh, expert in petroleum and gas sector and central leader of United Business Group (UBG), has said that the positive effects of Chief of Army Staff General Syed Asim Munir to prevent smuggling from the country have come to light. have started coming, traders and industrialists have increased their enthusiasm, while the total investment of up to 100 billion dollars by Saudi Arabia, UAE and other countries will stabilize the country’s economy.
The discussion in the community meeting and the measures taken for improvement after that have started to bring better results, With the ongoing crackdown to prevent smuggling, not only the prices of sugar, flour, and rice have started to decrease, but also the dollar. He said that the difficulties faced by the entire nation at the moment, due to inflation, the value of the dollar has also increased, but now this difference has disappeared in the inter-bank and open market. It has been done, but the caretaker government should reduce the ever-increasing tariff of electricity and get rid of the looting of IPPs. Malik Khuda Baksh said that with the actions of Army Chief Syed Asim Munir, not only currency exchange outside the exchange companies. The businessmen came under arrest, but the smuggling from Iran and Afghanistan is also ending and of course, the tax revenue will be big due to the end of the smuggling. Malik Khuda Bakhsh said that our UBG Group President Zubair Tufail has clearly said that shortage of anything in Afghanistan is not our problem. Institutions have to play a role for this, after the meeting of the business community with the Army Chief, there is a glimmer of hope for improvement.
