DOT Desk
Major economic activities, especially trade and investments, have slowed down in recent times as many investors are adopting a go-slow policy in their new and expansion plansĀ ahead of the national elections, reports The Financial Express.
Such a slow business progress ahead of the 11th parliamentary elections also prompted bankers to cut back on lending, which might affect the country’s overall economic growth this financial year, business leaders said.
As a result, downward trend is evident in some key economic indicators such as imports of capital machinery, private sector credit growth, expansion of business, and the property and share markets.