Rejecting the recent hike in the power tariff, the Federation of Pakistan Chamber of Commerce and Industry president said that the price hike was a result of the government’s “secret deal” with the International Monetary Fund.

“The upward trend in prices is a cruel joke with the masses. The superior judiciary putting the future of the country at stake is leaving the business community with no option but to take to the streets,” said Zubair Ahmed Malik, the president FPCCI. He termed it the worst form of misuse of authority.

Talking to the business community, he said that the government’s decision will result in closure of thousands of industries and businesses, leaving millions of workers unemployed and unleashing a new round of rapid exodus of industrial units. “Those rushing out of the country en masse will send money to their families so that they can survive while the government will give credit of rise in remittances to their policies,” he said.

The FPCCI chief said that the barbarous decision would damage the reputation of the PML-N forever leaving the rulers with little option to escape strong reaction of the frustrated masses with heavy political cost. The government will continue the upward revision of prices as far as they are in power which will arrest all the economic activities transforming Pakistan into a failed state which is the hidden agenda of the international lender, he added.

He noted that the government seems concerned about honouring the “secret deal” with the IMF but it is least bothered about promises with the business community and the masses. He said that the deprived are being punished for voting PML-N into power.

The business leader noted that rulers continued to patronise tax evasion to the tune of trillions of rupees and energy theft amounting to Rs 250 billion while pushing the masses to the wall which will not be tolerated under any circumstances.

Zubair said that unsuccessful economic managers were playing with the fate of the country while paving way for civil disobedience and mutiny. Pakistan may face the events taking place in Egypt, Libya and Latin America.

“The government policies have been rejected by the masses and their displeasure reflected in the recent by-election of Faisalabad while the results of Local Body elections will expose the tall claims of popularity of the PML-N,” he added. Pakistan faced Musharraf’s martial law due to the blunders of the ruling party which has initiated steps that will soon act as an open invitation to the third power, he observed. The masses should not pay for the failures of the government and the crimes of the rubber stamp institution called Nepra, said Zubair.