Industry ‘tight-lipped’ over Naqvi’s remarks

KARACHI: A warning from a senior minister has deeply shocked the trade and industry leaders, but they are tight-lipped when asked for comments on the situation. Recently, Interior Minister Mohsin Naqvi said the governance system had completely collapsed and was no longer capable of addressing critical challenges, and called for the creation of new administrative units. However, the statement was closely analysed by trade and industry leaders, but they were not ready to publicly comment on the implications of the “collapsed governance system.” A leading industrialist described it as a political statement, not an economic one. Calls it a political, not economic statement “In fact, we are…