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Hasty, nervous decisions eroding confidence

ISLAMABAD:       The Pakistan Economy Watch (PEW) on Saturday said hasty and nervous decisions by the government is  hitting the confidence of the business community.

It said that economic indicators are worsening which is adding to the anxiety of the masses and business community.

Inflation is gaining momentum hitting poor and middle class but authority seems unconcerned, said Dr. Murtaza Mughal, President PEW.

He said that private investment has reduced from 10.3 percent in 2018 to 9.8 percent which will slide further.

Dr. Murtaza Mughal said that the private investment target has been reduced to 10.1 percent which is difficult to manage.

He noted that investment in large scale manufacturing has also been reduced while production has gone down by 54 percent.

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