FPCCI urges government to take corrective steps to rescue economy

The Federation of Chamber of Commerce and industry (FPCCI) has expressed concern over slow down of the economic activities, and demanded of the government to take corrective measures on war footing. In a statement, FPCCI President Tanveer Shaikh said the ruling coalition should take necessary steps to avoid further slow down in the economy.
SAARC Chamber of Commerce and Industry President Tariq Sayeed, said the people hopes were quickly turning into disappointment, as they were not seeing solution of their problems.
He said business community felt that the government should take bold steps to resolve the issues, hampering Pakistan's economic growth. Tariq Sayeed said the key economic indicator were showing declining trend since March last when the Pakistan Peoples Party-led government took over after winning the February 18 general elections.
He claimed that the prices of the property, which were considered as a major barometer to judge the performance of the economy, had gone down further in the recent months. SAARC Chamber of Commerce and Industry Co-Chairman Iftikhar Ali Malik linked stock market nose-diving with growing uncertainity, and demanded of the government to announce quick solution to stop such discouraging developments.
He said crisis-like situation at the stock market was painting wrong picture of the economy and the government should take its notice. He was of the view that the government should come up with a clear-cut policy on key issues to give a message to the business community and investor that Pakistan was totally safe and secure for their investment. He demanded of the government to take necessary steps to provide the industrial sector a conducive atmosphere for playing a role in economic growth.
Former FPCCI president said the government should feel the heat and take every possible step to curb extremism and fight out terror to restore business community's confidence in the policies. He appealed to the leadership of the political parties to take much- needed decisions on economic front, besides resolving the problems of price-hike and unemployment, and added the industrial and business activities could help the government overcome the issues of unemployment and poverty.
Iftikhar Ali Malik said the government should give top priority to bring educated Pakistanis back to the country to play the role of a think tank, besides providing skilled labour to the industrial sector. He said the FPCCI leadership, including Senator Ilyas Bilour, would arrange businessmen seminars in different cities to bring the political leadership at one forum to resolve the issues confronted with the people.