Industrialists slam ‘adverse’ govt policies

Prominent figures from the industrial sector have raised concerns over the economic challenges brought forth by the caretaker government’s policies. In a press statement issued on Wednesday, these industry leaders said the policies of the caretaker government, whose main responsibility was to organise elections, had brought in severe economic crises, the slowdown in industrial production and an alarming declining trend in exports. Exorbitant increases in gas and power tariffs under IMF conditions and other costly industrial inputs owing to mammoth rupee-dollar parity and failure to provide a level playing field to compete globally had pushed the industries on the verge of closure, they said.