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Islamabad, September 01, 2023 (PPI-OT):Brig. (retd) Aslam Khan, Chairman of Pakistan Economy Watch (PEW) said on Friday that the difference between the income and expenditure of the people has widened a lot, which has made their lives miserable. The majority of the masses are not able to survive even after compromising over the expenses incurred on children’s education and treatment, he said. Apart from professional beggars, many lower middle-class people have also started begging to feed their families, he added.
Aslam Khan said in a statement issued here today that people are told that the government doesn’t have the resources to provide relief, which is wrong. There is no shortage of resources, but they are for the elite, not the people. He said that the influential are being given an annual benefit of seventeen and a half billion dollars; all kinds of mafia, including the sugar mafia, are provided with the opportunity to plunder the masses, but nothing can be done for the people because they are not the priority.
Aslam Khan said that in the current situation, people’s pockets and stomachs are not only empty, but they are suffering from great psychological pressure, the effects of which will be felt by the entire society. He noted that the former government, which came to power with the slogan of putting the economy back on track, left after handling its corruption cases and giving a free hand to the profiteers. He said that there is no hope from the current government that it will take any action against those who loot the people.
Those who are telling the public that the government does not have the resources to provide subsidies should inform the masses where the resources to reward the elite are coming from. Aslam Khan said that the fall of the rupee, the loss of confidence in the business community, and the collapse of the stock market show that the economic conditions of the country have become worse than before. At present, no one is ready to invest in Pakistan; investment promises by the Gulf countries have not been fulfilled, and exports and remittances are falling which means that the inflow of dollars in the country will remain low, which will keep the economy and the rupee under pressure, and it will be very difficult for the current government to stop the economic decline.
For more information, contact:
President,
Pakistan Economy Watch (PEW)
402, 4th Floor, Gulistan Khan House, Fazal-e-Haq Road,
82-East, Blue Area, Islamabad
Tel: +92-51-2510375
Fax: +92-51-2802449
Cell: +92-321-5157671
Email: president@pakistaneconomywatch.com
Web: www.pakistaneconomywatch.com
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