KARACHI, Aug 23: The decision of Pakistan Supreme Court in favour of PML(N) leaders is unlikely to curb the bearish business sentiments in the country. Investors are waiting for the current phase of political uncertainty to end and consider announcement of the date of general elections to be the starting point of the country’s journey back towards stability.

Many leaders contacted see independence of judiciary as a positive development in a country infested with nepotism and corruption leading to reckless wastages of the country’s valuable resources.

They, however, feel that investors will come out of the current mode of “wait and see” only after the settling down of the next government.

“It would take nothing less than the announcement of the date of the next general elections to revive the hope in the business community that the country has manoeuvred a turn and has started its return journey towards political stability,” Majyd Aziz, KCCI president told Dawn when asked to comment on how the decision is going to impact the business environment in the country.

“I am a die-hard supporter of General Musharraf but fail to see the wisdom in his government’s strategy to prolong the deadly spell of uncertainty,” he asserted.

“Uncertainty always unnerves investors who delay their investment decision till the times a stable government with clear economic programme is installed,” Chaudhry Saeed, a noted business leader, commented.

He called for a consensus among political parties over an economic programme for the country.

“The business community does not mind if differences are resolved through dialogue or in courts between different stake-holders, including political parties. It is the tendency of political elements to take their battles to street that disturb businessmen of the country.