Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Wednesday that the economy is recovering slowly due to the actions of the government and the army. He said that the prices of many things, including food items, are coming down across the country, which is appreciable as it reduces the burden on the people.

Mian Zahid Hussain said that the decision to discourage unnecessary imports through taxation is a good move, saving a lot of foreign exchange.

Speaking to the business community, the veteran business leader said the country seems to be coming out of a quagmire of problems due to the complete focus on the economy. Still, it will take time for the situation to return to normal.

The caretaker Prime Minister has also mentioned the benefits of investing in Pakistan to UK-based Pakistani and British investors while expressing his commitment that the government will reduce expenditure and increase revenue so that the country’s economy can grow.

The PM wants the situation to improve and the sufferings of the people to decrease, he said, adding that the economic indicators and foreign exchange reserves have started to improve, and it is hoped that there will be improvement in the industry, agriculture, trade, and services sectors.

Mian Zahid Hussain said that for continued improvement, it is necessary to put the economy before everything, including politics.

He said it is necessary to hold the election as soon as possible for political stability. According to the Election Commission, the elections will be held in January, but he observed that no political party has started the election campaign yet.

The business leader said the sooner the elections are held, the better to end the uncertainty. He further said that it has become necessary to relieve the public and the business community, which should be started by reducing the price of electricity. At the same time, reducing the cost of gas, petrol, and diesel has also become necessary.

Inflation has risen sharply due to the rise in electricity, gas, and fuel prices, which is somewhat reduced by the dollar’s depreciation. Still, reducing business costs for cheaper production and exports has become necessary, without which relief cannot be given to the public.

Mian Zahid Hussain further said that the government should make a plan to give relief to the people, industrialists, and traders as soon as the crisis is over.