PBIT Chairman Sardar Tanvir Ilyas Khan said this while speaking at a meeting with the office-bearers of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) at its Regional office here Wednesday.
Pakistan is badly in need of foreign and local investment to revive economy and boost exports. He said that unemployment is root cause of the crime while industrialization is the only solution to employee the jobless youth, he said.
The PBIT chief said the provincial government has offered great investment opportunities in various sectors of the economy. He said there is a great potential for agriculture exports and value addition sector; therefore, the business community should capitalize on these opportunities to maximize their business prospects.
He said that special economic zones would be set up in the province which will enhance the trade and economy activities in the province.
FPCCI regional chairman Abdul Rauf Mukhtar said the government should establish a cottage industrial estate. He also said that trade information portal should be launched to get trade related regulatory information on import-export which should connect the Pakistani business community to international markets.
He said that the cottage industry be also housed in industrial estates, especially located in Sundar Industrial Estate Lahore, Gujranwala, Sheikhupura and Faisalabad in existing infrastructure or by acquiring additional land adjacent to the existing industrial estates.
FPCCI's Vice-President Shireen Arshad Khan said that women entrepreneurs could contribute a lot to economic growth of the country if they realize their rights and work in partnership with business, government and civil society to improve their opportunities and outcomes in global value chains.