KARACHI: The Chairman of National Business Group Pakistan, the President of the Pakistan Businessmen and Intellectuals Forum, the President of All Karachi Industrial Alliance, the Chairman of the FPCCI Advisory Board, Mian Zahid Hussain said in the past decade ongoing political confrontation and revenge politics have left the country politically and economically unstable. At the same time, terrorism had a terrible impact on the country economy, and the investment climate in the country could not be established.
He said that IMF reforms have also slowed down the economy. The government have to continuously increase the prices of energy, other commodities, and tax rates, which is improving the economy but increasing people anxiety. Electricity prices could be reduced next month. The State Bank has reduced the markup rate by another one percent to 12 percent. The inflation rate has also come down to four percent, which has brightened the prospects of people getting relief.
In these circumstances, he said the opposition should also stop the politics of chaos for the sake of the country interests and play a positive role in parliamentary politics. Those who hinder economic recovery are enemies of the country. He said that harassment of foreign investors is condemnable and affects the country reputation and investment climate.
Mian Zahid Hussain said that the elements discouraging foreign investors deserve severe punishment. The current government has made great efforts to save the country from bankruptcy, and the country economy is gradually improving. The political situation is also improving. However, investment and tax issues are not satisfactory.
He said that China is investing in Pakistan while other friendly countries are continuously making promises, the implementation of which is being delayed. In these circumstances, harassing Chinese investors, neglecting their security, and demanding bribes is condemnable and sends a very negative message.
Mian Zahid Hussain said that the police have harassed Chinese investors to such an extent that they are thinking of leaving the country, which is badly affecting Pakistan image globally. The business leader said that the allegations of Chinese investors should be investigated at the highest level.
Copyright Business Recorder, 2025
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