LAHORE: Political stability is a major tool for economic development and sustainable economic growth is not possible without political stability in the country. In a statement, LCCI President Malik Tahir Javaid, Senior Vice President Khawaja Khawar Rashid and Vice President Zeeshan Khalil said that prolonged political instability and protests have harmed economic growth of the country a lot.
They said that Pakistani economy is paying heavily for political instability and chaos-like situation in the country. “Political instability is overlapping the major issues like rupee devaluation, miserable balance of trade, nose-diving stock market, unimpressive annual GDP growth rate of 5.28%, industrial growth rate of just 2.47%, unemployment rate of 5.9%, current account deficit, huge debt-to-GDP ratio and discouraging ranking of 147 in ease of doing business that should be a matter of concern for all,” they added.
Malik Tahir said that the leadership of all political parties should join hands for strengthening the economy. He said that the political leaders should settle issues in Parliament, which is a democratic and right forum for the purpose, instead of disturbing the business activities and public life through sit-ins and rallies.
