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Thursday March 28, 2024

Matter of might

January 16, 2018

Keeping political differences aside, the PML-N government must be given credit for taking tangible measures for economic growth and fiscal consolidation. It is because of these efforts that despite serious political crisis and attempts being made to paralyse the working of the government, the country has managed to uplift the current economic conditions. The World Bank has admitted that economic growth in Pakistan is expected to increase to 5.5 percent. This has only been possible due to export recovery, an increase in domestic consumption and a rise in investment.

Although the political turmoil that resulted in the disqualification of the former prime minister did affect the performance of the stock market, the country still has the potential to recover. This is the time for all political forces to come together and work for the betterment of the country. The World Bank has already warned that challenges like political instability and uncertainty in the country besides tension at the borders will have a negative impact on the country’s economy. It’s time the opposition parties abstained from creating unrest in the country by staging dharnas and protests. The general elections will be held soon and opposition parties can wait at least until that. Let’s focus our energy towards working for the country and making it economically strong.

Qazi Jamshed Alam Siddiqui

Lahore