PTI leader Ejaz Chaudhary said State Bank of Pakistan report has exposed hollow claims of Sharif Brothers that they are bringing huge foreign direct investment in Pakistan. The State Bank of Pakistan report says Pakistan received foreign direct investment (FDI) of $803.2 million in the first 11 months of current fiscal year, which is 46.8% less than the FDI received in July-May of the preceding fiscal year he added. He said Sharif Brothers are fooling the public by showing them cooked up figures. The country suffered economically during the reign of Asif Zardari but Sharif Brothers??? economic policies keeps failing he added. He said the so-called experienced team of Sharif Brothers has failed to attract new FDI from around the world. He said if Pakistan initiates the right step and uproots commission mafia and bureaucratic hurdles then Pakistan could easily become a potent force in the region and can emerge as economic giant. But for this political elite needs well versed economic advisors not all these immature and petty minded kitchen cabinet members of Sharif Family he added.
PTI leader Yasmin Rashid said the sharp decline in foreign direct investment reflects the failure of PML-N economic polices. The worrying thing is not only is Pakistan failing to attract new FDI from the world but also it is failing to retain its existing FDI stock in the country she added. All this is happening because of anti-investment policies of PML-N government who has failed to fix law and order and most importantly energy issues. Why investors are leaving the country and why new investors are not ready to invest in Pakistan when interest rate is at 42 year low she questioned? She said the incompetent handling of the economy by Sharif Brothers had blighted the favorite investment destination of the world investors.
PTI Information Secretary Andleeb Abbas said the situation regarding foreign inflows has deteriorated further since Sharif Brothers assume charge in 2013, with FDI actually dropping by 46.8% in the first eleven months of current fiscal year shows the dismal picture of Pakistan???s economy. She said this sham democracy has not only ruined the lives of common people but also destroyed business activity in the country. Pakistan hit an all-time peak of $5.4 billion FDI in 2007-08, now FDI sank to $803.2 million in the first 11 months of current fiscal year she added. She said this is the second financial year under Sharif Brothers which is closing without any improvement in FDI trend, and it seems Sharif Brothers in their attempt to attract Chinese investment, have kept the entire world out of their investment strategy. She said no one is happy with PML-N government and its economic policies from businessmen to poor farmers.
Media Cell
PTI Punjab