Poverty growing quickly due to poor governance and elitism | Self-serving elites stealing from people to fill their coffers
\n Islamabad
\nSaifuddin Sheikh, Executive Director of Pakistan Economy Watch (PEW) on Tuesday said inflation is decreasing in dozens of countries, but it is increasing continuously in Pakistan and there is no possibility of a reduction.
\nThe main causes of inflation in Pakistan which has made life difficult for the majority include poor governance and endless elitism, he said.
\nSaifuddin Sheikh said that all the resources are being spent on the welfare of the elite therefore poverty is increasing and the middle class is disappearing in the country.
\nIn a statement issued here today, he said that the burden of wrong priorities and benefitting the elite falls on the poor who are reeling under inflation.
\nThe price of flour, meat, rice, chicken and sugar along with other items is continuously increasing in the country and their export and smuggling are also growing rapidly.
\nHe noted that the statements regarding action against the profiteer mafia by the top authorities are meant to feed the public a lollipop of satisfaction, which has nothing to do with reality. All the important policies are designed to benefit the elite which increases the suffering of the people instead of reducing it.
\nDue to the selfishness of the elites and the avoidance of necessary reforms, the economy has not been able to develop and instead of reducing poverty, it is increasing it, he added.
\nPoliticians and other influential consider it their right to plunder national resources while paying tax is considered as an insult.
\nBusinessmen also prefer to get subsidies and packages through various pretexts instead of competing in the international market and when they have a lot of black money, they get the government to announce an amnesty scheme, he observed.<\/p>\n","protected":false},"excerpt":{"rendered":"
Poverty growing quickly due to poor governance and elitism | Self-serving elites stealing from people to fill their coffers Islamabad Saifuddin Sheikh, Executive Director of Pakistan Economy Watch (PEW) on Tuesday said inflation is decreasing in dozens of countries, but it is increasing continuously in Pakistan and there is no possibility of a reduction. The […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-328963","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n