Pakistani business community is already facing issues like energy shortages, absence of enabling environment, harassment by tax officials, kidnapping, extortion, etc and now they are being forced to pay donations for political campaigns, said Dr Murtaza Mughal, President PEW.
He said that after the government the political parties are trying best to make trade and investment climate unfriendly for the businessmen who were already facing serious issues.
Dr Murtaza Mughal said that majority of the businessmen had to agree to the demands to finance party campaigns otherwise they face the wrath of the party workers as well as that of administration.
Repression has forced many side-lined businessmen to seek refuge in other countries which is main reason behind shifting of industrial units and flight of capital from the country.
The investment climate in Pakistan is barring foreign investment and forcing many foreigners to pull out their money from this risky market, he said.
Economic revival is not linked to political speeches on different forums, it can only be attained after infusing confidence in the business community, Dr Murtaza Mughal observed.-PR