Economic Adviser Dr. Wahiduddin Mahmud warned that the government’s efforts to save corruption-hit banks by printing money are proving ineffective.
Despite injecting large sums into the banking sector, financial institutions continue to struggle. He also noted a decline in hundi transactions, which has led to an increase in formal remittances.
Mahmud stressed the need for a long-term economic roadmap instead of short-term fixes. He also called for greater transparency in the Planning Commission, stating that past economic mismanagement had left the economy on the brink of collapse.