Presidential candidate of Businessmen Panel (BMP) of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), AtifIkram Sheikh has said that lack of employment opportunities in the country due to economic downturn, millions of people are leaving country to work abroad.
In a statement issued on Sunday, he said that workers, scientists, engineers and IT experts were among those leaving the country due to desperation, which has threatened the country’s economy. AtifIkram Sheikh, who has also served as VP FPCCI, Chairman PVMA and President ICCI said that no one will leave the country if they can get decent jobs in Pakistan.
He informed that jobs can be created by promoting industrialization, which has received little attention from authorities due to which industrialists are also turning to non-productive sectors.
The business leader said that import restrictions were hurting the economy, commodities were becoming expensive, and the dollar volatility was also preventing the market from stabilizing, which needs to be controlled.
He said that due to the strict measures of the caretaker government, the country had been saved from bankruptcy. However, we are still facing severe problems, and investors were shying away from Pakistan.
AtifIkram Sheikh said that many local and foreign companies need to get raw materials, while there are also difficulties in sending profits abroad, due to which investment has stopped.
The people need sustainable socio-economic development, human security, justice, health, education and other facilities because inflation was increasing continuously, but people’s income was not increasing, he said.
People experiencing poverty, the working poor, and the salaried classes were all suffering more than any other class as their incomes have not moved in tandem with inflation nor with devaluation.
