LAHORE: Economic decisions must be taken after thorough consultations with all stakeholders, said Pakistan Economy Watch (PEW) President Dr Murtaza Mughal.
“All the economic decisions are being taken by one person without regarding the opinions of others which is unnatural as a single mind cannot properly cover all the economic sectors,” he said.
Dr Murtaza said that the government has find refuge in obtaining loans from banks as exports and remittances continue to fall. This practice is not sustainable as it is easy to get loans but very difficult to repay it, he added.
Exports and remittances help government pay some bills but these are falling now pushing country with only option to knock the door of IMG with a begging bowl.
The PEW president said that the largest export earning sector of textile is sailing in troubled waters but very little has been done to bail this sector out. He said that reduced oil prices have saved country from landing into serious balance of payment crisis but now oil prices are stabilising which should act as a wakeup call.
