Patron-in-Chief of United Business Group (UBG), S M Muneer, Chairman Iftikhar Ali Malik, Secretary General Zubair Tuifal and spokesman Gulzar Feroz have welcomed the appointment of Dr Abdul Hafeez Shaikh as Advisor to the Prime Minister on Finance with the status of Federal Minister.
The trade and industry is expecting a strong fiscal policy from Dr Shaikh who has a vast experience in various countries and Pakistan for giving effective fiscal policies.
The business leaders assured Dr Shaikh of its fullest support if he draws some lines within the finance ministry and the government and establishes a fiscal discipline.
"The country is facing an extremely hard time as industry is closing down, dwindling exports, people are suffering due to ever increasing electricity and gas tariff, POL prices," they said, adding that Dr Shaikh should at least give a halt to frequent increases in power tariff.
They hope that he would give priority to the real issues and will bring fiscal discipline in the financial matters.