The business community of Southern Punjab on Monday eulogised the economic direction of the government terming it beneficial for the whole population and suggested that Government should revisit some policies, reduce deficit, boost development expenditure, lure foreign investors and overseas Pakistanis, and pay special attention to generate revenue from millions who have never been taxed.
President of Multan Chamber of Commerce & Industry (MCCI) Fareed Mughis Sheikh said, "The decision to provide gas to industry in Punjab will save jobs, provide employment to many and help Pakistan improve the forex reserves through exports," Adding that youth should be given more opportunities to boost economic activity as they were fully capable to produce encouraging results.
The MCCI President said that the fruits of decision of Finance Minister Ishaq Dar to merge stock exchanges were visible now and his stress on transparency was also laudable. He said that improved performance of the stock exchange was reflective of the policies of the government which must be sustained. Provision of additional energy to the export-oriented textile industry will help country benefit from the recently awarded GSP plus status to Pakistan, he said. Fareed Sheikh said that circular debt is a big threat to economy and investment therefore it should be culminated forever.
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