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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

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