Business community hopes government will boost economic activities

19 Aug, 2018

Business community has congratulated Imran Khan on becoming 22nd Prime Minister of Pakistan and hoped that government would make efforts to boost economic activities, improve investment climate and bring country out of economic crisis.
The economy was bleeding due to various challenges and manifold internal and external problems vis-à-vis law and order situation, energy and gas crises, issue of power sector payables, negative perception of Pakistan in the eyes of countries around the globe.
Senior Vice President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Syed Mazhar Ali Nasir extended heartiest felicitation to Imran Khan on assuming the charge of the 22nd Prime Minister of the Islamic Republic of Pakistan.
Referring to Imran Khan's maiden speech, he said that his resolve to ensure strict accountability across the board was highly appreciated by the business community in particular and the masses in general.
He hoped that under his dynamic leadership the cash starved country would be steered out of the inherited multi-faceted economic and foreign policy challenges.
Chairman Pakistan Leather Garments Manufacturers & Exporters Association (PLGMEA) Hassan Ali Bhatti has congratulated Imran Khan on his election as the Prime Minister of Pakistan. Hassan said that Imran Khan proved himself as prominent and seasoned politician.
He hoped that under the able leadership of Imran Khan the leather garment industry which is the 3rd largest value-added Export sector of Pakistan will get due attention. Hassan Ali Bhatti said that the business community had high expectations from the incoming government as PTI, in its manifesto, committed to provide facilities to businessmen in order to enhance exports.
The business community will fully cooperate with the new government at every step taken in the interest of country and business community. He said we need to double our exports within the next five years and we have the potential if the government creates business friendly environment which in turn will generate more jobs, bring down inflation and restore investor confidence.
Hassan said that the leather industry is high value-added industry and after textile it is the 3rd largest value-added export sector of Pakistan. The decline in quantity of leather garments exported is around 8.71 during 2017-18 from 2016-17 as per Pakistan Bureau of Statistics which is alarming.
He said that leather garments industry of Pakistan is in distress and about to collapse if federal government does not come forward to bailout by giving incentive and pay extra attention to address the issues faced by the leather garments Exporters.
Leadership of Businessmen Group (BMG) and Office Bearers of the Karachi Chamber of Commerce and Industry (KCCI) have extended heartfelt congratulations to Imran Khan on taking oath as 22nd Prime Minister of the Islamic Republic of Pakistan.
"I, Chairman Businessmen Group and Former President KCCI Siraj Kassam Teli, Vice Chairmen BMG & Former Presidents KCCI Tahir Khaliq, Zubair Motiwala, Haroon Farooki and Anjum Nisar, President KCCI Muffasar Atta Malik, Senior Vice President Abdul Basit Abdul Razzak and Vice President Rehan Hanif hoped that Prime Minister Imran Khan would now prioritize some of the urgent economic issues being faced by the country and pay special attention to the problems being suffered by the business and industrial community of Karachi since long," he said.
Recalling the last meeting with Imran Khan on July 22, 2018 at a reception hosted by KCCI just a couple of days before the election, BMG leadership and KCCI Office Bearers expected that Prime Minister Imran Khan would fulfill all his commitments made to the business community of KCCI, particularly his pledge towards improving the infrastructure of Karachi and resolving the issues being faced by the business and industrial community of this city which continues to contribute a mammoth share of more than 65 percent revenue to the national exchequer despite all odds.
They stressed that PM Imran Khan must gather a team of economic experts, reliable and honest members of Business Community, who have absolute know-how of the issues on top priority from different sectors of the economy.
The proposed team comprising of genuine representatives of business and industrial community would surely be able to prudently guide the government in formulating numerous policies directly or indirectly affecting the trade and industry.
This step would certainly create a win-win situation and would be warmly welcomed by the entire business and industrial community of Pakistan as it is in the larger interest of the country, they added.
BMG leadership and KCCI office bearers extended full support and cooperation to Prime Minister Imran Khan and his team in order to ensure long lasting progress and prosperity for the entire country.

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