AIRLINK 196.14 Increased By ▲ 1.31 (0.67%)
BOP 9.86 Increased By ▲ 0.05 (0.51%)
CNERGY 7.47 Increased By ▲ 0.11 (1.49%)
FCCL 40.25 Increased By ▲ 1.67 (4.33%)
FFL 16.53 Increased By ▲ 0.08 (0.49%)
FLYNG 28.50 Increased By ▲ 0.96 (3.49%)
HUBC 133.30 Increased By ▲ 1.55 (1.18%)
HUMNL 13.90 Increased By ▲ 0.04 (0.29%)
KEL 4.63 Decreased By ▼ -0.03 (-0.64%)
KOSM 6.65 Decreased By ▼ -0.01 (-0.15%)
MLCF 46.95 Increased By ▲ 1.56 (3.44%)
OGDC 216.69 Increased By ▲ 2.70 (1.26%)
PACE 6.89 Increased By ▲ 0.03 (0.44%)
PAEL 40.61 Increased By ▲ 0.55 (1.37%)
PIAHCLA 17.26 Increased By ▲ 0.47 (2.8%)
PIBTL 8.39 Increased By ▲ 0.07 (0.84%)
POWER 9.69 Increased By ▲ 0.26 (2.76%)
PPL 184.75 Increased By ▲ 2.56 (1.41%)
PRL 42.29 Increased By ▲ 0.46 (1.1%)
PTC 24.90 Increased By ▲ 0.34 (1.38%)
SEARL 105.75 Increased By ▲ 3.22 (3.14%)
SILK 0.99 Decreased By ▼ -0.01 (-1%)
SSGC 40.28 Increased By ▲ 0.84 (2.13%)
SYM 17.46 Increased By ▲ 0.13 (0.75%)
TELE 8.79 Increased By ▲ 0.03 (0.34%)
TPLP 12.90 Increased By ▲ 0.15 (1.18%)
TRG 66.00 Increased By ▲ 0.60 (0.92%)
WAVESAPP 11.16 Increased By ▲ 0.05 (0.45%)
WTL 1.70 No Change ▼ 0.00 (0%)
YOUW 4.00 Increased By ▲ 0.06 (1.52%)
BR100 12,088 Increased By 114 (0.95%)
BR30 36,690 Increased By 543.4 (1.5%)
KSE100 114,185 Increased By 741.7 (0.65%)
KSE30 35,881 Increased By 245.9 (0.69%)

Chairman Businessmen Panel and former president SAARC chamber of commerce Tariq Sayeed informed the business community that SAARC chamber is preparing a list of items to be traded between member countries of the chamber duty free. Speaking at a dinner reception of Pakistan Spare Parts Importers and Dealers Association (PSPIDA) in honour of Vice President SAARC Chamber of Commerce Iftikhar Ali Malik.
He further said that construction work of 10-story SAARC chamber building will start in the next two years. He said that life membership of SAARC chamber has registered an increase from 100 to 300 in last two years. He pleaded that Indian investors should be allowed to invest in Pakistan and establish industrial units. Justifying his demand, he said that allowing Indian investors will ease tension between the two countries, help resolving Kashmir issue, help developing export surplus, help reduce prices of goods and help create more jobs.
He said that the business community facing serious crises and avoiding concentration with the government for the sake of democracy. He said that the government must adopt measures to resolve business community issues, improve law and order and reduce utility tariff. Tariq Saeed emphasised the need that Pakistan should disassociate itself from US.
He was of the view that Pakistan should stop sending delegations to US to increase pressure to recognise Pakistan importance. Vice President SAARC chamber, Iftikhar Ali Malik said that global recession, war against terror, Afghan war, tension between India and Pakistan, high power and gas tariffs have very serious negative impact on the country's economy.
He recalled that during a meeting with President of Pakistan Asif Ali Zardari he apprised him about these issues and urged him to make efforts to ease them. Former Chairman PSPIDA, Arshad Islam urged the government to reduce duty on spare parts to curb its smuggling. -PR

Copyright Business Recorder, 2010

Comments

Comments are closed.