ISLAMABAD, March 22 (Online): The Pakistan Economy Watch (PEW) on Tuesday said country hearding towards political clash. Rupee and stock market are paying price of economic uncertainty.
Economic stability is not possible if there is no political stability in the country, it said.
Local business owners are shifting their capital abroad while foreign entrepreneurs also suspend investment plans which is like poison for the economy, said Brig (retd) Aslam Khan, Chairman PEW.
He said that the stock market and rupee continue to fall and trade imbalances are exacerbating the situation, and the continued rise in food and energy prices are hitting masses.
Aslam Khan said that breach of the agreement with the IMF are increasing the risks to the economy.
He said that a constant rise in the price of construction material is hitting economic activities which should be noticed by the authorities.
Construction activities are being severely affected because of profiteering while the employment opportunities are being affected, it said.
Follow the PNI Facebook page for the latest news and updates.
