16.4 C
Islamabad
Friday, November 22, 2024

Bankrupt institutions cannot provide a firm foundation to economy

Must read

Sultanate of Oman marks fifty-fourth glorious National Day with milestone accomplishments

Spokesman Report On the eighteenth of November of each year, the Sultanate of Oman celebrates its National Day, which is the fifty-fourth glorious National Day...

Reforms and innovations create a solid foundation for sustainable development of agriculture in New Uzbekistan

Spokesman Report Tashkent: It is difficult to imagine economic development in any country without a strong focus on agriculture. The well-being of citizens in every...

Daily The Spokesman November 22 2024 PDF

Daily The Spokesman November 22 2024 PDF

Islamabad : Former President ICCI Shahid Rasheed Butt on Sunday said the vote of confidence has reduced embarrassment caused by defeat in the Senate elections but it has increased political tensions which is not good for masses and the struggling economy.

The development will not resolve issues confronting the government unless it takes steps to bring masses and opposition closer as the political landscape is only getting more volatile, he said.

Shahid Rasheed Butt said that the government should keep political differences in limits, accept its weakness in resolving issues of the masses, and stop blaming constitutional institutions like Election Commission and start confidence-building measures.

Masses are not ready to buy the mantra of corruption anymore and they do not take announcements and promises regarding relief seriously.

The government can no longer ignore the plight of the masses which are facing unprecedented inflation and other multiple problems, he observed.

He said that attacks on the opposition leaders will not help the government improve the situation in any way, rather it will add to polarisation in the country.

Those who attacked opposition leaders must be arrested and the government must condemn this incident. There is absolutely no justification to take the law into one’s own hands.

The government will not be able to legislate without the help of the opposition parties which will block the planned reforms in many sectors which are necessary to improve the economy and satisfy the IMF to start releasing loan tranche, he observed.

Butt said that the energy sector is considered backbone of any economy but our energy sector cannot operate without continued tariff hike and hefty subsidies.

How can a failed and bankrupt energy sector provide solid foundations for an economy, he questioned.

- Advertisement -Bankrupt institutions cannot provide a firm foundation to economy

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -Bankrupt institutions cannot provide a firm foundation to economy

Latest article

Sultanate of Oman marks fifty-fourth glorious National Day with milestone accomplishments

Spokesman Report On the eighteenth of November of each year, the Sultanate of Oman celebrates its National Day, which is the fifty-fourth glorious National Day...

Reforms and innovations create a solid foundation for sustainable development of agriculture in New Uzbekistan

Spokesman Report Tashkent: It is difficult to imagine economic development in any country without a strong focus on agriculture. The well-being of citizens in every...

Daily The Spokesman November 22 2024 PDF

Daily The Spokesman November 22 2024 PDF

Chairman PRCS Highlights Locally Led Climate Adaptation at COP29 Event

Spokesman Report Baku: Chairman Pakistan Red Crescent Society (PRCS), Sardar Shahid Ahmed Laghari, addressed a distinguished forum at a special event hosted in the Pakistan...