Islamabad, MTT News Desk: President PML-Q Ch. Shujaat Hussain on Wednesday said Pakistan is caught in a deepening economic crisis which can be resolved through political reconciliation.

Economy can prosper if all political forces find common ground to bring country out of current mess to ensure political and economic stability.

The veteran politician said that Pakistan has enough resources and human capital to become a major economic power but some politicians are working contrary to the national interests to gain mileage, he said.

Talking to Dr. Murtaza Mughal, President, the Pakistan Economy Watch (PEW), Ch. Shujaat Hussain said that many countries have proved themselves in the comity of nations without as much resources as we have.

He said that no country with such divisions have ever moved forward adding that it is high time to shun differences.

Numerous opportunities have been lost due to current situation which can bring development to a standstill, he added.

He said that his family has always sacrificed in the national interest and can go to any extent for the sake of motherland.

At the occasion, Dr. Murtaza Mughal said that major political problems remain unresolved which has put brakes to the development.

He said that all the policies having an impact on trade and commerce should be revaluated.

Dr. Murtaza Mughal said that apart from business community, political parties should also try to contribute towards stability.

Political conflicts over the past years have cost the country in terms of lost economic opportunities, growth and competitiveness; he said adding that and masses want an end to it.

Investors have low confidence in the economy because they are worried about political uncertainty having an adverse impact on business; they avoid committing to long-term investments, said Dr. Mughal adding that situation is helping flight of capital from Pakistan.

Stressing for a national reconciliation policy, he said that the party that initiates dialogue to fill the gap between different political parties will earn the respect of masses.