Economy taking downslide: government policies, performance criticised

04 Oct, 2008

People belonging to different walks of life have strongly criticised the pitiable performance and scrawny polices of the government due which the country's economic condition is deteriorating day by day. The graph of price hike has been increased many folds forcing common men to seriously suffer while the ratio of committing suicide too, has increased in the country.
Despite of the high claims, the government has failed to provide relief to the people while opening of more utility stores to facilitate the people especially, the poor segment of the society in the country, has flopped. It was a hard fact that present government has totally failed in redressing the multifarious problems confronted by the salaried and middle classes struggling for survival.
The big question is that why the government was ignoring the middle and salaried classes living hand to mouth in the country. On the eve of the Eid, the miseries of middle and salaried classes were doubled because high prices of articles of daily use and increased utility bills.
They deplored the government for selling rice at Rs 110 per kg while mutton at Rs 300 per kg, beef at Rs 200 to Rs 250 per Kg. Further, potato was being sold at Rs 40 per kg, onion Rs 40 per KG and tomato at Rs 90 to Rs 110 per Kg and other vegetables. Further, fruit were sold at much high cost which was beyond the purchasing power of the common man. It was unfortunate that there was nobody to check this price hike and local administration has been given free hand to the shopkeepers to fleece the poor segment of the society, which indicates that there is no government in the country.
Business community was already in trouble due to sudden rise in sui gas, electricity and petroleum prices because of production cost of all exportable items has picked height Labelling the exporters incompatible and expensive to other supplier countries lacking their government's unfriendly policies and support. However, in Pakistan everything is adversely going on, they said.
In order to strengthen the industrial sector, the government should provide handsome financial subsidy on utility bills to facilitate the business community of the country. The industrial sector was playing instrumental role not only in fetching highly valuable foreign exchange but also provide large-scale employment opportunities to the skilled and unskilled work force in the country.
Now the government was claiming to achieve the export target 2008-2009, which was a big joke with the business community, as the government and its economic managers were hoodwinking the masses through its hollow, controversial and shaky statements. Therefore, it is high time that the government especially, the economic managers should take immediate remedial steps for averting the threats of inflation and bring out the country from economic crisis to ensure economic stability.

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