Mian Zahid Hussain says most of the sectors of the economy are falling, the expectations of the people are high.

Mian Zahid Hussain says most of the sectors of the economy are falling, the expectations of the people are high.


Zahid Hussain, senior vice-chairman of the businessman panel and former provincial minister, president of the Pakistan Businessman and Intellectuals Fourmillion Industrial Industrial Alliance, has said that more meaningful steps are needed to end the frustration of the public and the business community. During the last two months, the current account deficit has been reduced, which has resulted in improvement in foreign exchange reserves but this is insufficient.
Industrial growth is declining, industrial production and large industries are also declining, textile and general industry is suffering. The exchange, domestic and foreign investment is in crisis, and other sectors are also suffering continuously.


Exports are static while debt is rising which is affecting GDP. Mian Zahid Hussain told the business community that prices of essential commodities including flour, sugar, pulses and ghee have increased by 123 per cent, gas prices were up by 143 per cent, electricity cost by 12 per cent, gasoline by 23 per cent. , 5% in unemployment, 200% in the cost of medicines, 13% on health services while 7% on education has become expensive which has broken the backbone of the people and it is generally believed that the situation is worsening rather than improving.
He said that it is impossible to hide the economic facts because when people are becoming increasingly unemployed, businesses are stagnant and the prices of commodities in the market are constantly rising, then the public realizes that the situation in record time. Tired of the situation, the power looms owners of four districts of Punjab have announced a strike, Lahore showroom owners announced the siege of Governor House. Yes, hospitals are dying due to shortage of drugs and vaccines, which are being protested by the citizens. Opportunities are piled up in the face of bitter economic realities, which has led to their frustration and frustration.

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