The Indus Entrepreneur (TiE) Lahore President Salim Ghauri has said a deadlock in the capacity building of the government departments' workforce has blocked the smooth sailing of the investment and trade policies in the country. This dismal situation is given a negative impression that the incentives for growth of investment and trade are a sheer wastage of the public money, he said in a statement on Monday.
It is the lack of timely improvement in the government machinery and the functionaries leading to doubts of the policymakers against the policies of each other, he said. He said the press reports have suggested that the Ministry of Finance and the Planning Commission have challenged the Strategic Trade Policy Framework (STPF) 2012-15 of the Ministry of Commerce and Trade, saying that offering Rs 30 billion subsidies for promotion of trade are a sheer wastage of public funds.
Salim said the business community is of the view that these are not the policies but the execution of them, which is needed to be addressed on emergency basis. He said lacunas in the government policies and there misuse is even common in a country like the United States. The fall of Enron and collapsing the auto as well as banking sector in the United States was a recent example of it but an efficient government mechanism got hold the faulty areas by some well in time actions and moves.
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