Senior Vice Chairman Ferozepur Road Industrial Association, Shahbaz Aslam has said that the economy throughout the 2023 continued to stuck in low growth trap, as economic conditions leave Pakistan highly vulnerable to climate shocks with insufficient public resources to finance development.
While referring to the data of concluding year 2023 and media reports, he suggested the domestic debt re-profiling did not always work unless associated with sharp and sustained structural reforms Shahbaz Aslam advised the government to look at the bigger picture while cautioning domestic stakeholders that creation of a new institution that envisages billions of dollars of investment inflows backed by pledges may not provide a quick fix of the economy. —INP
