KARACHI: Chairman Standing Committee Finance Senator Saleem Mandviwalla has said that Pakistan has to adopt unconventional fiscal and monitory policy measure since the fiscal and monetary policies are no longer restricted to their traditional roles.
He was addressing a 3-day international conference on China-Pakistan Economic Corridor in Urumqi, China, said a statement issued here on Thursday.
He said that global financial crisis and the sub-sequent recession, particularly in the developed world, have however elicited un-controversial changes in the design and implementation of momentary as well as fiscal policies.
Mandviwalla said that the deterioration of law and order situation is a big barrier and erodes investors’ confidence and energy shortages hamper industrial growth.
He said that a long term and sustainable solution of these problems should be the top economic agenda of the government.