People and Businesspersons Living in Continued Stress

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ISLAMABAD, July 25 (Online Int’l): Leader of the business community and former President ICCI Shahid Rasheed Butt on Saturday said the masses and the business community are living in continued stress due to the host of issues which has eroded the popularity of the current government.

Pakistan has one of the world’s worst performing energy and tax collection system that will never allow the country to progress and keep it dependent on loans and grants, he said. Shahid Rasheed Butt said that repeated crises, uncontrolled inflation, scarcity of essential basic services, substandard quality of education, sanitation and healthcare, weak economic growth and the mounting national debt has resulted in popular frustration.

He said that a large slide of the rupee has left our currency inferior in value to many other developing countries including Afghanistan and Bhutan, which has irritated the masses who are questioning the wisdom behind such policies. The government is aware that it has disappointed the masses and now it is struggling to regain lost ground with the help of symbolic and fancy projects that will not help it in any way, he added.

Pakistan does not need new cities, parks, artificial lakes, business centers and other fancy projects costing tens of billions but full attention on the agriculture sector so that masses can get wheat flour and other edibles at reasonable prices, he noted.

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