Islamabad: The Pakistan Economy Watch (PEW) said on Tuesday the recent energy insecurity that triggered riots across country has the potential to transform Pakistan into a country like Afghanistan. Government should take immediate and effective steps to stop a revolution which may be in the making.
Power outages coupled with disrupted gas supplies and prices of petroleum will destroy remaining industry, agriculture and commerce, said Dr. Murtaza Mughal, President of Pakistan Economy Watch. The situation has left millions jobless as recently accepted by Advisor to PM on Finance Shaukat Tarin. “Government is accepting the gravity of situation but it’s not moving with required speed for resolution,” he said.
Apart from other cities, power riots have rocked the home city of Prime Minister and Faisalabad, also known as Manchester of Pakistan but the situation seems to have little impact on those who matters. The decisions of top functionaries are creating a situation that could lead to anarchy. Hike in unemployment and slide in growth are big threats to national security.
Government should immediately cut lavish spending, perks and privileges of the army of ministers and advisors, trim the size and frequency of useless foreign visits and use the money to establish a fund for unemployed otherwise the situation could lead country to total lawlessness, he said.
The crisis seems to have nothing with soaring demand but loose administration, mismanagement, corruption, outdated networks, politics, and conspiracies, said Dr. Mughal. Now gas pipelines are also being bombed in NWFP which will only benefit foreigners and the remaining economic and social fabric in this province will be damaged beyond repair.-Pak Economy Watch