KARACHI: Businessman Panel of the FPCCI on Tuesday expressed fear of economic downfall over falling exports, which are adding to budget deficit and poverty.
Dwindling exports is hurting every facet of economy and society, and it has emerged as a big threat to country, said Central leader of the Businessman Panel and former vice president FPCCI Khurram Sayeed while speaking to the business community.
He said that national resources are diverting towards affluent, leaving poor high and dry. The economic situation is not as good as portrayed due to excellent media management, he added.
Sayeed said that country awaits population census since last 17 years, leaving authorities to make policies on assumptions. He said that sliding exports have started hurting basic facilities like health and education frustrating all except for those who are fortunate enough to enjoy these services offered by private sector.
Frustrated masses are protesting for provision of facilities on reasonable rates while remaining in the system after which they can stand for their rights which will be unfortunate. The business leader said that government should reform tax machinery and hold export managers responsible who prefer politics than discharging their duties.