Private sector of Pakistan has demanded greater market access in USA to share the burden of country's economy, being faced in view of its role towards war against terrorism.
Ifkikhar Ali Malik, Vice President SAARC CCI and former President FPCCI in an exclusive meeting with Hillary Clinton, US Secretary of State said that Tirade and Investment Framework Agreement (TIFA) signed in 2002 provides a tangible road map to foster Pak-USA bilateral economic co-operation and needs to be upgraded to Free Trade Agreement, which will ensure greater market access of Pakistani products in USA.
Responding to a comment of US Secretary of State, Iftikhar Malik who is also founder Chairman of Pak-USA Business Council said that the private sector of Pakistan was keen to play its role for documentation of economy, which will help expand tax-base of the country.
He further said that public finance in Pakistan has transparent mechanism and the enhanced role of the private sector in public expenditure would further ensure its transparency. He called for establishment of proposed Reconstruction Opportunity Zones (ROZs) in Pakistan, which would help create employment opportunities in the less developed areas of the country.
He said that SMEs was the backbone of the country's economy and special focus has been accorded for its restructuring on modern lines, which will absorb and promote young entrepreneurs of the country. He and requested for assistance of USA in Human Resource Development.-PR