Thursday, August 11th, 2022
Home »Business and Economy » Pakistan » Sustainable economic stability prerequisite: Iftikhar Malik
Senior Vice President SAARC Chamber of Commerce and Industry Iftikhar Ali Malik on Monday said that sustainable and durable economic stability is prerequisite for survival of the country and strengthening of democracy. The SAARC Chamber's senior vice president urged the PTI government to take all stakeholders into confidence to tailor a viable strategy to evolve new result and growth oriented judicious economic policies on war-footings for the revival of economy. Despite the categorical assurance of Prime Minister Imran Khan, Federation of Pakistan Chamber of Commerce and Industry and other top leaders of corporate sector are not being taken on board by all policy and decision makers, he said.

He said the entire business community stands united with Prime Minister Imran Khan in this crucial crisis in the walk of Indian Held Kashmir conflict but on the other hand his ministers, advisers, Federal Board of Revenue and State Bank of Pakistan must address the genuine grievances being confronted by traders from all sectors.

He stressed the urgent need for reshaping economic policy in line with global recession and help restore the confidence of foreign and local investors. At this point of critical juncture, the government must come to the rescue of the business community by timely providing oxygen to business community and offering a package of incentives to small and medium traders, he said adding that all developed and advanced countries including USA, Korea, China, France, Germany, Russia worldwide attached great importance to the promotion of SME which always play vital and significant role in strengthening of economy.

Iftikhar Malik said that our exports falling short of target which is not a good omen for the economy at all.

Iftikhar Malik who is also Chairman United Businessmen Group said majority of traders, businessmen and industrialists and exporters have voiced their concerns about slowing down the pace of wheels of economy and government must take cognizance to arrest the gradual decline to save the industry from total collapse. The entire business community is patriotic and paying taxes timely and wherever is taxation conflict that must be resolved amicably without effecting industrial growth," he maintained.

Copyright Business Recorder, 2019


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