‘Un­nec­es­sary po­lit­i­cal strug­gle dam­ag­ing econ­omy’

Me­dia trial over Panama papers crit­i­cised

Pakistan Observer - - ECONOMY WATCH - STAFF RE­PORTER

IS­LAM­ABAD—Chair­man of the United In­ter­na­tional Group Mian Shahid on Sunday said me­dia trial of na­tional lead­ers in pres­ence of ac­count­abil­ity mech­a­nism and a ju­di­cial com­mis­sion is un­for­tu­nate. Un­nec­es­sary po­lit­i­cal strug­gle over the is­sue of Panama Leaks is dam­ag­ing the econ­omy and erod­ing the con­fi­dence of in­vestors which coun­try can­not af­ford at this crit­i­cal time. Talk­ing to the busi­ness com­mu­nity, he said that the con­tro­versy is push­ing coun­try to­wards po­lit­i­cal and eco­nomic in­sta­bil­ity that can hit de­vel­op­men­tal agenda and dam­age vi­tal pro­jects.

Mian Shahid said that de­mand of res­ig­na­tion from the Prime Min­is­ter by some quar­ters seems im­ma­ture. He said that gov­ern­ment and army are on the same page af­ter a long time re­sult­ing in im­proved law and or­der sit­u­a­tion. More­over, power pro­jects are bring com­pleted while sick units are be­ing sold which has re­stored con­fi­dence of in­vestors. He said that rev­o­lu­tion­ary project of CPEC is fac­ing threat from en­emy na­tions which are out to de­stroy it, op­er­a­tion against ter­ror­ists and crim­i­nals is in full swing, democ­racy and demo­cratic norms are tak­ing roots in coun­try and the sit­u­a­tion re­quires sta­bil­ity.

The real is­sue is not the res­ig­na­tion of prime min­is­ter but the in­ter­ests of the state which are supreme and that the coun­try will face colos­sal losses if the in­cum­bent set up is dis­turbed, he said.

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