Kashmir Economic Alliance blames IWT for JK’s poor economy

Published: Fri, 22 June 2012 10:10 PM


GANDERBAL: Kashmir economic alliance (KEA) Monday held Indus Water Treaty between India and Pakistan responsible for ‘pathetic’ economic condition of Jammu and Kasmir.
Speaking at a daylong business seminar organized by Traders Fedration Ganderbal, chairman KEA Mohammad Yaseen Khan said, “The treaty was signed by the two countries to throw people of the state into darkness. The loot of natural resources is being carried out by NHPC for the last 30 years for which both the central and the state governments are responsible.”
“The state and central government have converted J&K into a consumer state through their defective policies,” Khan said.
Underscoring the need of unification of trade community across the Valley Khan urged business community to unite for economic prosperity and against ‘loot of state’s economic resources’.
“We have suffered enough for the last more than fifty years. It is time to unite and make government accountable for the thousands of crores of money we pay through taxes,” he said.
Attacking sate government, Khan said, it is responsible for rampant corruption, which is telling upon the economy of the state. “The better road connectivity and reliable electricity are necessary for any trade but the government here has failed to provide these facilities. The bad roads and worsening power scenario is taking toll on the business,” he said.
Khan said that despite being a high-profile constituency and in spite of being given district status Ganderbal is still lagging far behind in developmental areas.
He said the traffic mess due to narrow roads is severely affecting the business activities.

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