The absence of vision to address the deep looming economic crisis in the country is making the monetary crunch more worse. The continuing delay, in the democratically elected government, about a clear vision and strategy for the economy and other vital sectors will only make matters substantially worse than the previous governments. For investors, consumers and democracy, these are dangerous and worrisome signals.
The political stability studded with sound economy is pre-requisite for survival of the country in the prevailing global scenario to offset the hovering threat of challenges.
In his presidential address at a seminar on "The role of economy for survival" here on Friday, Vice President Saarc CCI and founder Chairman Pak-US Business Council, former FPCCI chief Iftikhar Ali Malik said that at this juncture, country was passing through critical phase in its history which he added warranted stable democracy, essential for economic growth and survival of our future generation.
He said in the world-wide scenario, only such countries will survive in the days to come, which had a strong economic base. He said for durable economy, political stability is mandatory. He said foreign investment from multinational companies and private sectors will only pour in the country if democratic institutions were strengthened and a peaceful atmosphere prevailed all over the country.
He said the entire business community including FPCCI an apex body of chambers in the country had already announced its unflinching support to President Asif Ali Zardari and Prime Minister Syed Yousaf Raza Gilani for introducing persistent and prudent economic policies to help strengthen national economy.
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