Pakistan People's Party's Sindh chapter's General Secretary, Senator Taj Haider, said here on Tuesday that the Economic Survey presented the federal finance minister has clearly indicated that the economic policies of the present government were entirely for the benefit of the elite.
Moreover, the economic polities were aimed at exploiting poor working classes, he opined while commenting on the federal budget announced by the Federal Finance Minister Ishaq Dar. "Trickle down economic policy being pursued by this government has miserably failed even in developed countries," the PPP leader said, adding that 70 per cent of our population lived in villages and most of them lived below the poverty line.
Elaborating, he said that the reversal in the growth rate of agriculture sector was most alarming. He claimed that the PPP governments through their pro-poor policies had turned Pakistan from a food importing country to a major food exporting country, besides living standards in rural Pakistan had seen a marked improvement.
He deplored that the growth rate of agriculture declined this although weather conditions was excellent and there was ample supply of irrigation water. "Are we once again turning Pakistan into a food importing country and pushing more farmers below the poverty line," he queried. He said that although there is an exceptional growth in the construction sector, it was known who owned the skyscrapers, the shopping plazas, luxury houses and flats.
"The stark truth behind the exceptional growth in the construction sector is that the wealth accumulated in the hands of elite and being spent on non-productive luxury pursuits," he remarked. He said that most alarming feature of the pro-elite economic policy was the Rs 452 billion tax relief provided to the rich.
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