Karachi, February 24, 2023 (PPI-OT):President of United Business Group (UBG) and former president of FPCCI, Zubair Tufail, has said that the government, keeping in mind the increasing rate of inflation in the country, will provide the government exchequer to the workers who get low monthly salary. At this time in the country, the prices of all commodities including cooking oil, ghee, flour, vegetables, pulses, eggs, meat, commodities, spices are beyond the reach of the poor man, while petrol, electricity and The gas rates have reached the highest level in history and in these conditions, the kitchen of a house has a burden of more than 15 to 20 thousand rupees per month.
Zubair Tufail said that the political chaos in the country is having serious negative effects on business life. Due to the lack of political stability, investors and industrialists are facing an uncertain situation. President UBG has said that for economic development and prosperity of the country, we have to get rid of external debts, concerns related to the country’s economy are increasing and unless the country’s political leaders sit at a table and adopt a plan of action for a better future of the country. There will be concerns for the strength of the country’s economy, traders and industrialists are worried about the country’s political tension and tension, and the reduction in political problems will improve the country’s economic conditions.
Zubair Tufail said that Sindh government welcomed the launch of red and pink buses in Karachi and said that the leadership of Pakistan People’s Party and Sindh Chief Minister Syed Murad Ali Shah should give Karachi its rightful right and full development work in Shahr Qaed. So that foreign investors can go here and new investment can go to Sindh province. He said that in the current situation of the country, it is necessary to obtain a loan from the International Financial Institution, but depending on the IMF is not a permanent solution. Economic situation will improve.
For more information, contact:
United Business Group (UBG)
Room No: 203, Second Floor,
Aiwan-e-Sanat Plot No.ST-4/2, Sector 23,
Korangi Industrial Area, Karachi, Pakistan
Tel: +92-21 35062200
Cell: +92-321-8261426