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ISLAMABAD: Political figures on Sunday criticised the proposed budget for the upcoming financial year and economic policies of the government, arguing that Pakistan’s financial challenges cannot be resolved without fundamental reforms, institutional stability and the rule of law.
They claimed that investors were discouraged by political instability and frequent changes in government policies. They also claimed that political vendettas, arrests and lack of trust in the political process undermined investors’ confidence and stopped economic growth.
They were speaking at a seminar “Awaam Pakistan Budget Seminar” held at the National Press Club.
President Awaam Pakistan Party and former prime minister Shahid Khaqan Abbasi said the government was spending more on running its affairs than on development projects. He noted that development expenditures were approximately Rs1 trillion, while administrative and operational expenses exceeded Rs2.2 trillion.
