Lahore - Pakistan Industrial and Traders Associations Front (PIAF) Chairman Irfan Iqbal Sheikh has said that politics of agitation and sit-ins will push the national economy towards the wall; therefore all political parties should show maturity and try to resolve the issues through talks.

He said that a loss of around Rs 400 billion was caused to the national economy due to different protests and long marches in the previous years.

Urging both the government and the opposition to avoid a street showdown over the Panama Leaks, Sheikh made it clear that businessmen were committed to the constitution and democracy, and they would not support any undemocratic action against the government. He said as businesses were already facing recession because of declining oil prices, a likely sit-in would further damage the trade.

PIAF chairman said that Pakistan was in dire need of political stability as well as strong institutions, and to achieve this, both politicians and business leaders would have to join hands.

“The present government, led by Prime Minister Nawaz Sharif, has put the country’s economy on the right track, he said, adding, “Economic indicators are showing significant improvement.” “The political noise and uncertainty will reverse the economic growth achieved so far,” Sheikh warned.

He said compared to 2013, Pakistan’s economy today was much stable. “Due to solid economic policies of the government, the confidence of local and foreign investors has been restored,” he noted.He said the government had directly transferred to the masses the benefit of decrease in the prices of petroleum products, and now the rates of petroleum products in the country were lowest in the region. “Let Pakistan’s economy move towards improvement and let speedy completion of public welfare projects be ensured,” he beseeched.

Sheikh said that all political forces should, without any further delay, initiate consultations with the economic leadership, including the PIAF, to chalk out an elaborate plan of action, aimed at reducing dependence on external assistance and achieving the long-cherished economic goals.