Mian Manzoor Wattoo says, borrowed money cannot ensure economic stability

Phenomenal price increase of the food items during the watch of this government is squeezing the poor people dry, said Mian Manzoor Ahmed Wattoo in a statement issued from here today.

He said that the government’s indifference to the plight of the down trodden was unforgiving because the upward surge of the prices was continuing with no respite. Poor people should be provided items of daily use on highly subsidized rates through the Utility Stores Corporation of Pakistan, he demanded.

He gave the reference to the report of the State Bank of Pakistan of yesterday in which it has been clearly mentioned that price spiraling of the food items will continue for many coming months. The poor people should be ready to face the worst case scenario, he cautioned.

He refuted the claim of the government of the revival of the economy which will prove short lived because the borrowed money cannot ensure economic stability on sustainable basis.

He criticized the government for resorting to heavy borrowings adding they were making tall claims of breaking the begging bowel instead they had lifted a much bigger bowel to the dismay of all and sundry.

He said that the people had been facing load shedding up to 16 hours in rural areas and about 10 to 12 hours in urban areas making the lives of the people miserable all over the country.

Mian Manzoor Ahmed Wattoo exposed the hollowness of the claim of the Punjab Chief Minister by quoting Minister of Water and Power media talks recently in which he confessed that the load shedding at the present scale would continue till 2018.

He reminded that the Punjab Chief Minister used to sit in a camp office near Minar-i- Pakistan to protest the load shedding during PPP government.

He once again reminded him of his commitment to change his name because the government had not fulfilled its solemn promise of controlling the load shedding in months.

He mentioned that the textile industry was in turmoil due to excessive load shedding of gas and electricity affecting their productivity and also competitiveness in the international market.

He demanded that the textile industry particularly based in Punjab should be treated at par with the same industry located in other federating units. The discrimination is hurting the textile industry bitterly in the province of Punjab.

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