President of Pakistan Economy Watch (PEW) on Friday said the country's economy has been deliberately destroyed to achieve political goals. He urged the government that strict legal action should be taken against the so-called experts who paralyzed the country's economy in an attempt to artificially control the value of the dollar.

Dr. Murtaza Mughal, President of PEW said that masses should be taken into confidence about the pending IMF deal instead of keeping the nation in the dark. He added that the capital flight has been happening long before the talent flight from the country. Dr. Murtaza Mughal said that almost every notable politician, businessman, and bureaucrat considers it their right to buy lavish properties in other countries and open dollar accounts, which is bleeding the fragile white economy.

He said that a former finance minister has revealed that dollars are being smuggled into Afghanistan in large quantities but no one dares to lay hands on these smugglers. Now, apart from Afghanistan, currency smugglers have found the lucrative Iranian market where demand for dollars is high, he added.

He stated that Pakistan's economy is being destroyed due to the smuggling of dollars, but there is no one to stop these influential smugglers. Dr. Mughal said that earlier most of Iran's dollar needs were met from Iraq, but now the United States and the Central Bank of Iraq have started to stop the trend in which they have been successful up to 80%, which has badly affected the Iranian currency.

Credit : Independent News Pakistan-INP