AGL 40.00 Decreased By ▼ -0.01 (-0.02%)
AIRLINK 127.00 Decreased By ▼ -0.99 (-0.77%)
BOP 6.68 Increased By ▲ 0.08 (1.21%)
CNERGY 4.49 Decreased By ▼ -0.11 (-2.39%)
DCL 8.60 Increased By ▲ 0.12 (1.42%)
DFML 41.30 Decreased By ▼ -0.18 (-0.43%)
DGKC 86.71 Increased By ▲ 0.13 (0.15%)
FCCL 32.16 Increased By ▲ 0.02 (0.06%)
FFBL 64.70 Decreased By ▼ -0.72 (-1.1%)
FFL 10.29 Increased By ▲ 0.04 (0.39%)
HUBC 109.51 Decreased By ▼ -0.98 (-0.89%)
HUMNL 14.90 Increased By ▲ 0.15 (1.02%)
KEL 5.05 Decreased By ▼ -0.08 (-1.56%)
KOSM 7.40 Increased By ▲ 0.28 (3.93%)
MLCF 41.39 Decreased By ▼ -0.26 (-0.62%)
NBP 60.60 Increased By ▲ 0.51 (0.85%)
OGDC 190.00 Decreased By ▼ -4.69 (-2.41%)
PAEL 27.81 Decreased By ▼ -0.14 (-0.5%)
PIBTL 7.75 Decreased By ▼ -0.25 (-3.13%)
PPL 149.75 Decreased By ▼ -1.42 (-0.94%)
PRL 26.73 Decreased By ▼ -0.15 (-0.56%)
PTC 16.18 Increased By ▲ 0.18 (1.13%)
SEARL 86.02 Increased By ▲ 7.82 (10%)
TELE 7.72 Increased By ▲ 0.33 (4.47%)
TOMCL 35.58 Decreased By ▼ -0.09 (-0.25%)
TPLP 8.14 Increased By ▲ 0.23 (2.91%)
TREET 16.51 Increased By ▲ 0.62 (3.9%)
TRG 53.35 Increased By ▲ 0.59 (1.12%)
UNITY 26.28 Decreased By ▼ -0.27 (-1.02%)
WTL 1.26 Decreased By ▼ -0.01 (-0.79%)
BR100 9,889 Decreased By -31.1 (-0.31%)
BR30 30,611 Decreased By -140.9 (-0.46%)
KSE100 93,355 Increased By 130.9 (0.14%)
KSE30 28,931 Increased By 46 (0.16%)

"Highly skilled bureaucracy is trying to put Pakistan on road to progress and prosperity and in this connection National Institutes of Management are harnessing the professional skills, character and behaviour of the under training officers in order to make them more effective and productive for the country." These views were expressed by Lieutenant Colonel Ejaz Ahmed (Retd), Additional Director General NIM Karachi.
While addressing a meeting at FCCI on Friday, he said that the bureaucracy is responsible to translate the vision of political leadership into reality through their policies. He said that it is very disturbing fact that more than 100 textile mills have been close down. He said that no doubt, the government is trying its best to revive the industrial sector at the earliest. In this connection electricity is being provided to the industries round the clock without any interruption. Similarly the five export sectors have been exempted from sale tax.
He termed his visit to FCCI very productive and said that it will help the participants of 20th senior management course to fully understand the root causes of decline in national exports. Earlier in his address of welcome, President FCCI Engineer Muhammad Saeed Sheikh said that there is no dearth of competent and committed bureaucrats who are working day and night for the welfare of the nation and country.
"It is in this context that FCCI always encouraged and tried to cultivate good relationships with the bureaucracy", he said and added that delegations from various National Institutes of Management are regularly visiting Faisalabad to understand its importance in national economy.
He said that their visits not only help them to fully understand the economic strength of this city but also provide them an opportunity to know about its issues and take appropriate decisions to streamline the economy. He also introduced Faisalabad and Faisalabad Chamber of Commerce and Industry and said that it is the third largest city of Pakistan which is second biggest in terms of generating revenue for the government after Karachi. He said that its economic strength is textile.
He further said that the GDP growth rate in 2015-16 was 4.24 percent which is expected to grow up to 5 percent in 2016-17. Commenting on the resource mobilization, he said that FCCI was of the opinion that government should enhance the tax base instead of increasing the tax rates.
He appreciated the government decision to exempt export sectors including textile from sale tax. Moreover government has also ensured uninterrupted power supply to the industrial sectors but unluckily the gas supply has been suspended for the industrial sector of Punjab and industrialists are directed to use costly RLNG.
He also compared the tariff rates of electricity and gas with other regional countries and said that the government must bring these rates at par with our competitor countries so that we could bring down the cost of doing business proportionately. The participants of 20th senior management course raised interesting questions about the economy of Faisalabad which were responded by FCCI President Engineer Muhammad Saeed Sheikh, Senior Vice President Rana Sikandar-e-Azam, Vice President Engineer Ahmed Hassan and Ayub Sabir. Later, president FCCI presented shield to Lieutenant Colonel Ejaz Ahmed (Retd).

Copyright Business Recorder, 2016

Comments

Comments are closed.