PCJCCI chief stresses need to implement Islamic punishments to curb terrorism

President Pak-China Joint Chamber of Commerce and Industry (PCJCCI) President Shah Faisal Afridi has stressed upon the need for implementation of Islamic punishments to curb the menace of terrorism. He also hailed the decision of revival of death punishment for terrorists by the government and expressed extreme anguish over the massive assault of terrorists that has killed numerous innocent lives in Peshawar.
He asserted that the perpetrators of this act of terror must be brought to book. No words can express the ignominy of such an attack against children in their school. He said such incidents of terrorism disrupt Pakistan's normal domestic, economic and trading activities which not only result in higher costs of business but also create hurdles in the production cycles, resulting in significant delays in meeting the export orders around the globe. As a result, Pakistani products lose their market share to their competitors.
During the last 13 years, the direct and indirect cost incurred by Pakistan on the war against terrorism and the losses due to terrorist attacks amounted to US 102.51 billion dollars, Afridi said. He pointed out that Pakistan needs enormous resources to enhance productive capacity of the economy by repairing damaged infrastructure and to create a favourable investment climate.
He said that security situation is the key determinant of future flow of the investment because productivity and growth decline in areas where the threat of terrorism escalates. "Sales slump, production tumbles and investment stops," said PCJCCI chief. According to him, due to terrorist acts and security threats not only the foreign investors terminate their projects and investments but also the residents of Pakistan and the national investors prefer investing and taking their money out of the country in more safe countries like UK, USA, Middle East and Europe.
He further said that we should not lose hope and should stand united against the scourge of terrorism. He said that Pakistan is from among the bravest and greatest nations of the world. He added that Pakistan has paid a heavy price in the war against terrorism and rendered more sacrifices than any other nation.