PAS offers to fix economy in bid for Putrajaya

Hadi said the course being set by BN would doom the country to insolvency. — File pic

KOTA BARU, Nov 16 ― PAS vowed today to repair what it called a faulty economic philosophy under the Barisan Nasional (BN) government that has allowed cronyism, monopolies and cartels to grow and put the country on the path to bankruptcy, if it is chosen to govern Putrajaya at the coming 13th general election.

Its president, Datuk Seri Abdul Hadi Awang, outlined four steps he said would help correct the current imbalance and create a fair and accountable economic state that will increase disposable income and reduce cost of living.

“Our country, which is rich with natural resources, will go bankrupt if it stays in Barisan Nasional’s hand,” he said in his opening address at the Islamist party’s national conference, or Muktamar, here today.

“Economic transformation ala-BN which tries to make us equal to the West, is not the yardstick that people want,” he added.

In its four steps, PAS urges the adoption of a national economic philosophy that emphasises equality and prosperity, with fair fiscal and monetary policies .

This philosophy is to be implemented morally, with holistic accountability to prevent wastage, leakage and graft.

The third step proposes the management of natural resources in a fair and transparent manner.

PAS also stressed that it rejects discrimination by race, religion and political leanings to avoid cronyism and monopoly enforced by cartels.

The party also vowed to re-evaluate mega projects, which are perceived to harm the public and environment, such as the Pengerang Integrated Petroleum Complex (PIPC).

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