ISLAMABAD - The Pakistan Economy Watch (PEW) criticised PML-N and PPP plundered country like East India Company while recent price hike was a compulsion due to destructive policies of former PM Nawaz Sharif.
Masses should understand that the country cannot be run on the basis of loans forever and a change is not possible overnight, it said.
Economic stability will automatically reduce prices of energy and necessities and stabilise the eroding exchange rate, said Chairman of the PEW Brig. Muhammad Aslam Khan (Retd).
Speaking at a function, he said that people should not panic and remember the example of South Korea which took a loan of 58 billion dollars from the IMF to avoid default.
Masses cooperated with the government and deposited tonnes of gold enabling government to repay debt four years ahead of schedule, he added.