Govt continue to compromise economy for politics

Islamabad:The Pakistan Economy Watch on Wednesday said Prime Minister Raja Pervez Ashraf’s renewed focus on energy offered nothing to the masses.The first meeting that Raja Pervaiz Ashraf chaired after assuming the charge as prime minister was to resolve energy crisis proved another useless effort, it said.Now, the load shedding has increased in the harrowing summer making lives of 180 million full of miseries, affecting industrial and agricultural production, leading to deaths and making mobs more violent, said Dr. Murtaza Mughal, President PEW.

Announcement regarding provision of extra fuel to Independent Power Producers (IPPs) was taken positively despite the fact that the problem in not scarcity of fuel but non-payment of dues, he said.
Dr. Murtaza Mughal said that the non-serious attitude of the government is evident from the fact that it has not taken any action for resolution of the problem after four sovereign default notices by IPPs.Many believe that PM has less that required level of understanding of economic matters as was the case with his predecessor which will compound problems; he said adding that PM’s stance on NRO has added to the prevailing uncertainty. Dr. Murtaza Mughal said that it is generally believed that the political change has not changed the economic policies which have left business community scared and hopeless.