Thursday, 05 December 2024, 05:37:56 am


 
Political stability vital for economic development: Analysts
November 06, 2024

Humayun Iqbal Shami (Chairman, Pakistan Economic Forum):

Foreign Direct Investment plays vital role in economic development of the country. The government is taking steps in the right direction. At present, Ease of Doing Business rate in Pakistan is low. The government needs to utilize resources to attract foreign investment and introduce reforms in tax system in order to facilitate the local investors as well. It is a positive development that the government is committed to ensuring ease of doing business for investors and also competitiveness for multinational companies. The confidence of foreign businessmen needs to be revived to boost investment in the country. There are many avenues to be explored in the country.

Hamayun Mughal, Senior Journalist:

High moral education and political stability are two major factors in bringing economic stability in the country. Japanese economy is developed just because of political stability and high moral standards.It is very important to understand that the political leadership must show some maturity and work together for achieve much-needed unity and cooperation to steer the country towards economic stability. All the stakeholders should take advantage of bringing political consensus in the larger interest of country.