Pakistan Industrial and Traders Associations Front (PIAF) has emphasized for continuation of reforms programme in the country to attract foreign investment, as the country has made encouraging progress by controlling the fiscal deficit.
The PIAF chairman Irfan Iqbal Sheikh in a statement on Friday said that drop in inflation rate and increase in GDP's growth and revenue collection are other positive indicators of the economy, adding that country's foreign exchange reserves have also been built up. He, however, urged the government to focus on security and governance issues which are the main challenges.
Pakistan is now well positioned to play a pivotal role in enhancing economic cooperation between CAREC member states he said and emphasized the importance of developing road, rail and energy corridors within these countries. CPEC will complement the regional connectivity initiatives, as it offers a massive opportunity for connectivity between Central Asia, Middle East and Africa and is bound to play a defining role in the economic development of this region, he added.
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