Political unrest threatened economic sovereignty: PTA

September 1, 2014 Off By Web Desk

KARACHI: The Chairman, Pakistan Tanners Association (PTA) SZ, Fawad Jawed, and former president and Vice President FPCCI, Gulzar Firoz, have called upon the political forces in the country to use their influence to cool down the heated political atmosphere wherein deadlock has prevailed between the ruling and opposition parties.

In a statement on Tuesday, they said that an all parties conference should be convened by the political forces in the countries and efforts should be made to find out some political solution to the ongoing unrest in the country which had threatened the economic sovereignty of the Pakistan.

The country has so far suffered monetary losses running into hundreds of billions of rupees as an outcome of 16 day sit-ins by the two parties and it seemed that there was no end to it due to stubbornness of both the factions.

He said that not only democracy was being derailed but the nation feared to face dictatorship once again if the stalemate was not cleared immediately. He said that export oriented industries in particular. He said all the industrial and trading sectors were facing sheer uncertainty while stock market had crashed already and foreign investment, besides remittances from overseas Pakistanis have been halted, this had given a big blow to the national economy.

He said that judiciary and armed forces should also play their role and help democracy to go on as this country was not able to afford another spell of martial law and dictatorship.

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