Economic situation going to be deteriorated, SCC&I

Ahsan Baloch
SUKKUR: President and former presidents and officials of Sukkur Chamber of Commerce, while holding an emergency press conference on the deteriorating economic situation in the country, said that the economic conditions of Pakistan are not hidden from anyone, LCs are not being opened due to the basic issue. All the daily items are closed, including palm oil, all the factories of daily items have been closed, 400 cotton factories are going to be closed in the coming days, and 60 million people are going to be unemployed, our surplus is 19%. Car factories have been closed, but this is just the beginning. If the situation continues, gradually all the factories will be closed. Since when have we been hearing that the IMF will give money, the Islamic Bank will give such and such money. These are only words, no one is giving money here, pulses, meat, everything has become very expensive, except to go to the IMF. There is no way if we do not go to the IMF, otherwise, God willing, the country will default. The Boom and Bucks system is running in Pakistan, everything is right after the election and then with the IMF Why do we have to go? We should adopt a complete plan to stop coming to the IMF, so that food items and common items are being stopped.
After palm oil, we have the largest import here. In the first 5 to 10 years, things were to be localized, but this is not happening. Agriculture universities should be built. Two billion dollars are being exported. We used to hear that people were saving dollars in wallets. Give amnesty to people Deposit dollars in banks 70 cc bike and 500 cc same situation. It is seen that the lower class should be subsidized, besides putting the labor class and the capitalists in the same class. I have appealed to all the top political parties. It is time to work on an agenda of the economy. Step aside and think about the economy, he advised.