Pakistani business leaders and economic experts have unanimously condemned the proposed civil disobedience movement, characterizing it as potentially detrimental to the nation's economic recovery and stability.
Ahmed Chinoy, Director of the Pakistan Stock Exchange, emphasized that attempting to launch a civil disobedience movement at a time of economic stabilization would constitute an act of national betrayal. Multiple business leaders echoed similar sentiments, expressing serious concerns about the potential economic ramifications.
Hamad Poonewala, President of the All City Traders Association, described the movement as a deliberate propaganda effort designed to undermine national economic progress. He stated that Karachi's trading community would completely boycott such initiatives and prevent their successful implementation.
Economists like Chaudhry Akmal highlighted potential systemic risks, including potential reductions in tax collection, decreased GDP growth, and inflationary pressures. Akmal warned that civil disobedience could reverse recent economic improvements, potentially destabilizing foreign exchange reserves and disrupting economic momentum.
Javed Arslan Khan, President of the All Pakistan Traders Confederation, noted the significant progress made in preventing national default, crediting current policies with steering the economy towards recovery. He stressed that civil disobedience would cause substantial economic damage.
Key business leaders pointed to positive economic indicators, including the stock exchange's performance, gradual interest rate reductions, and consistent export growth, as evidence of the country's improving economic trajectory.
Zahid Hussain from the FPCCI Advisory Board called for national unity in rejecting what he termed a "reprehensible agenda," urging citizens to collectively oppose movements that might compromise national economic interests.
