Home »Business and Economy » Pakistan » UBG demands incentives for gearing up economic activities
Business community on Thursday vehemently demanded of the government to provide special package of incentives and relief to accelerate trade and industrial activities across the board to boost the country's exports. This demand was raised during the United Business Group (UBG) 50 members core committee meeting held here on Thursday. UBG patron-in-chief S M Munir, central chairman Iftikhar Ali Malik, FPCCI President Engr Daroo Khan Achakzai and FPCCI other office-bearers also attended the meeting.

The meeting unanimously called for special support to the large scale manufacturing (LSM) along with SMEs which are recognised in the world as the backbone of the economy.

Speaking on the occasion, Iftikhar Ali Malik said the business community reposed full confidence in the dynamic leadership of Prime Minister Imran Khan and now it is the government's turn to create business friendly environment in the country to speed up economic activities. He said Pakistan is an ideal country for investors and joint venturing as peace has been restored. The economic stability which we enjoy today in Karachi is a testament to this peace.

"The government should go an extra mile for bringing foreign investments into Pakistan besides strengthening the national institutions and ensuring good governance by cracking down against corruption in the country," he said. There is a dire need for chalking out a comprehensive plan to encourage foreign investment in the country and provide them all facilities through one window operation, he said and emphasized on terminating red-tapism and extra legal constraints which hampers foreign investment procedure.

Copyright Business Recorder, 2019


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