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Action against speculators, manipulators demanded.

ISLAMABAD -- The Pakistan Economy Watch (PEW) on Sunday demanded an action against speculators, manipulators and hoarders who have taken masses and economy as hostage.

The economy has lost its direction as speculation has become the most profitable business in Pakistan while establishing an industry amounts to inviting trouble, it said.

The situation has worsened to an extent that industrial community is also starting speculation and trading, said Dr. Murtaza Mughal, President PEW.

The country cannot overcome economic problems unless speculation is discouraged and industrialization is preferred over everything else, he added.

Dr. Murtaza Mughal said that the speculative sectors should be taxed as much as they are taxed in neighboring countries while masses and economy should be insulated from them.

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Publication:The Frontier Star (Northwest Frontier Province, Pakistan)
Geographic Code:9PAKI
Date:Apr 22, 2019
Words:154
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