Political conflict threatens Pakistan’s economy: PYMA

Political conflict threatens Pakistan’s economy: PYMA

The Pakistan Yarn Merchants Association (PYMA) has voiced its apprehensions regarding the increasingly unstable political landscape in the country. PYMA has warned that the ongoing political conflicts pose a serious threat to Pakistan’s economy and global standing.

In a statement, Sohail Nisar, Senior Vice Chairman of PYMA, expressed grave concern over the ongoing political conflict in the country, highlighting its detrimental impact on Pakistan’s global reputation and economy. Nisar emphasized the urgent need for political leaders to set aside their differences and work together to resolve the issues at hand, thus rescuing the nation from a severe economic crisis.

Nisar underscored the alarming consequences of the political instability, particularly the diminishing confidence of foreign businessmen in their Pakistani counterparts, which in turn hampers trade and industrial activities. The business community, faced with these unfavorable conditions and economic hardships, is now contemplating the viability of continuing their operations. Nisar warned that if the economic crises worsen, the possibility of recovery will fade, leaving no room for return.

Expressing profound admiration for the Pakistan Army, Nisar commended their dedication and sacrifices, vowing to protect the sanctity of the forces. He acknowledged that the peaceful sleep enjoyed by citizens is owed to the invaluable contributions of the armed forces.

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The PYMA leader made a fervent appeal to all political parties and their leaders, urging them to prioritize the welfare of the nation over personal desires. He stressed the importance of undertaking actions that would benefit the country, rather than engaging in power struggles that would only harm the people. Nisar reiterated the shared aspiration of the business and industrial community for continued operations, as it would pave the way for national development and prosperity.

Nisar concluded by emphasizing the criticality of unity and collaboration among all stakeholders, urging them to take decisive steps in consultation with one another. By fostering political stability and stabilizing the economy, Pakistan can unlock its full potential and secure a brighter future for its citizens.

The PYMA leader’s plea serves as a timely reminder that the resolution of political conflicts and the pursuit of national interests should take precedence over personal agendas. As the nation grapples with economic challenges, it is crucial for Pakistan’s leaders to unite, restore confidence, and pave the way for a prosperous future.

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