The subjective monetary policies and superficial measures by the State Bank of Pakistan (SBP) are set to push over 50 percent population below the poverty line by the end of this fiscal year and there are looming signs of the recession due to ever-increasing risk factor.
Speaking at a meeting here on Tuesday, Malik Sohail Hussain, vice-president, Quami Tajir Ittehad Pakistan (QTIP) and former ICCI senior vice-president apprehended that the slump can lead to collapse of the whole economic structure as decision of the economic managers do not corresponds to the ground realities. He said that the very survival of small traders in particular and business community in general is at stake and there seems no sign of 'better tomorrow' in near future. Now there is no question of profits, but it is a war for survival.