AIRLINK 155.65 Increased By ▲ 3.53 (2.32%)
BOP 9.69 Increased By ▲ 0.57 (6.25%)
CNERGY 7.12 Increased By ▲ 0.03 (0.42%)
CPHL 83.74 Increased By ▲ 1.45 (1.76%)
FCCL 43.40 Increased By ▲ 0.59 (1.38%)
FFL 14.80 Increased By ▲ 0.59 (4.15%)
FLYNG 30.44 Increased By ▲ 1.85 (6.47%)
HUBC 136.50 Increased By ▲ 4.56 (3.46%)
HUMNL 12.50 Increased By ▲ 0.27 (2.21%)
KEL 4.01 Increased By ▲ 0.01 (0.25%)
KOSM 5.08 Increased By ▲ 0.17 (3.46%)
MLCF 69.83 Increased By ▲ 2.78 (4.15%)
OGDC 202.85 Increased By ▲ 2.47 (1.23%)
PACE 5.06 Increased By ▲ 0.07 (1.4%)
PAEL 42.50 Increased By ▲ 1.00 (2.41%)
PIAHCLA 16.68 Increased By ▲ 0.46 (2.84%)
PIBTL 8.80 Increased By ▲ 0.38 (4.51%)
POWER 14.01 Increased By ▲ 0.96 (7.36%)
PPL 150.55 Increased By ▲ 1.95 (1.31%)
PRL 28.80 Increased By ▲ 1.09 (3.93%)
PTC 20.75 Increased By ▲ 1.29 (6.63%)
SEARL 84.15 Increased By ▲ 2.18 (2.66%)
SSGC 41.00 Increased By ▲ 3.73 (10.01%)
SYM 14.80 Increased By ▲ 0.42 (2.92%)
TELE 6.97 Increased By ▲ 0.15 (2.2%)
TPLP 8.30 Increased By ▲ 0.16 (1.97%)
TRG 63.92 Increased By ▲ 0.79 (1.25%)
WAVESAPP 8.64 Increased By ▲ 0.60 (7.46%)
WTL 1.27 Increased By ▲ 0.02 (1.6%)
YOUW 3.49 Increased By ▲ 0.14 (4.18%)
AIRLINK 155.65 Increased By ▲ 3.53 (2.32%)
BOP 9.69 Increased By ▲ 0.57 (6.25%)
CNERGY 7.12 Increased By ▲ 0.03 (0.42%)
CPHL 83.74 Increased By ▲ 1.45 (1.76%)
FCCL 43.40 Increased By ▲ 0.59 (1.38%)
FFL 14.80 Increased By ▲ 0.59 (4.15%)
FLYNG 30.44 Increased By ▲ 1.85 (6.47%)
HUBC 136.50 Increased By ▲ 4.56 (3.46%)
HUMNL 12.50 Increased By ▲ 0.27 (2.21%)
KEL 4.01 Increased By ▲ 0.01 (0.25%)
KOSM 5.08 Increased By ▲ 0.17 (3.46%)
MLCF 69.83 Increased By ▲ 2.78 (4.15%)
OGDC 202.85 Increased By ▲ 2.47 (1.23%)
PACE 5.06 Increased By ▲ 0.07 (1.4%)
PAEL 42.50 Increased By ▲ 1.00 (2.41%)
PIAHCLA 16.68 Increased By ▲ 0.46 (2.84%)
PIBTL 8.80 Increased By ▲ 0.38 (4.51%)
POWER 14.01 Increased By ▲ 0.96 (7.36%)
PPL 150.55 Increased By ▲ 1.95 (1.31%)
PRL 28.80 Increased By ▲ 1.09 (3.93%)
PTC 20.75 Increased By ▲ 1.29 (6.63%)
SEARL 84.15 Increased By ▲ 2.18 (2.66%)
SSGC 41.00 Increased By ▲ 3.73 (10.01%)
SYM 14.80 Increased By ▲ 0.42 (2.92%)
TELE 6.97 Increased By ▲ 0.15 (2.2%)
TPLP 8.30 Increased By ▲ 0.16 (1.97%)
TRG 63.92 Increased By ▲ 0.79 (1.25%)
WAVESAPP 8.64 Increased By ▲ 0.60 (7.46%)
WTL 1.27 Increased By ▲ 0.02 (1.6%)
YOUW 3.49 Increased By ▲ 0.14 (4.18%)
BR100 12,160 Increased By 383.7 (3.26%)
BR30 35,356 Increased By 946.7 (2.75%)
KSE100 114,114 Increased By 2787.4 (2.5%)
KSE30 34,917 Increased By 924.3 (2.72%)

LAHORE: S M Tanveer, Patron-in-Chief of the United Business Group (UBG) and former Punjab Minister, has made a pressing appeal to the government to collaborate with the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) to attract billions of dollars in investment to Pakistan.

Tanveer cited the ongoing political crisis in Bangladesh, which has led Western investors to withdraw their investments, presenting a timely opportunity for Pakistan to capitalize on this situation. Additionally, he highlighted the cancellation of large quantities of textile export orders from Western clothing brands in Bangladesh, which may be diverted to other countries like India, Vietnam, or Cambodia if swift action is not taken.

To seize this opportunity, Tanveer emphasized the need for immediate government intervention, stressing that the window of opportunity is only two weeks.

He recommended the government to reduce energy prices to 9 cents, allow domestic supply chain for exports under SRO 1125 immediately, and decrease interest rate to 12 percent to make the local textile industry viable.

By taking these steps, he said, Pakistan can attract significant investment and secure billions of dollars in textile export orders, creating millions of jobs and boosting the country's economy.

Copyright Business Recorder, 2024

Comments

Comments are closed.

Seema Night Niazi Aug 16, 2024 06:50pm
Yes,as per your recommendation positive Action required on immediate basis
thumb_up Recommended (0)