Economics & Business

Govt to facilitate industries, generate employment opportunities: PM

KARACHI: Prime Minister Syed Yousaf Raza Gilani has said that a comprehensive policy will be formulated to ensure setting up of new industries in order to generate employment opportunities in the country. Addressing a delegation of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) here on Saturday, the Prime Minister assured the delegation that all concerns of the business community would be seriously and urgently addressed, with special emphasis on the issue of multiplicity of control by various government agencies, need for the significant improvement in law and order and budget proposals submitted by FPCCI during the budget preparation process.

He said that his government strongly believes in consultations and getting input from important stakeholders like FPCCI, before making and implementing policies. “Although the expectations of people from this government are high but we must also keep in mind the gravity of unprecedented constitutional, security as well as economic challenges,” he said.

Gilani said that he appreciate the historical role of FPCCI in serving as a platform for the business community of Pakistan to interact with the government on all issues concerning trade, commerce, internal and the international market. “I expect that the FPCCI will continue to serve as a Think Tank for fine tuning the government’s trade and business policies and to provide it with the latest business pulse for policy formulation,” he stated.

The Prime Minister appreciated the role of entire business community especially FPCCI for its continuing role in the economic development of the country and assured that all concerns of the business community would be seriously and urgently addressed.

He said that the ongoing energy crisis being faced by the country shall be addressed on top priority. The government, he said, has already announced certain measures in his inaugural policy speech in the National Assembly which has been endorsed by the Cabinet in its very first meeting. Regarding the impending shortage of water, the Prime Minister said that government intends to construct small dams in the short term and Large Dams in the long term to overcome water scarcity.

The Prime Minister said that the government also intends to initiate measures to control trade deficit in consultation with business organizations like FPCCI and his government would try it utmost that a level playing field is provided to all exporters in order to compete with countries such as China, India, Sri Lanka and Bangladesh.

The government, he said, would also make all possible efforts to bolster the country’s exports and all necessary steps shall be taken to facilitate the exporter community, adding that concrete measures would be adopted to increase the confidence of foreign investors.

He urged upon the business community and industrialists to improve the quality of their products so that Pakistan could venture into newer markets together with strengthening the country’s hold on the existing ones. Special emphasis should be laid on the export of value added products, he added. The Prime Minister said that it should also be the business communities’ top most priority to make Pakistan an attractive market for foreign investors and the government would make all possible efforts to provide help in this regard in the shape of infrastructure and facilities.-SANA

About the author

Rubab Saleem

Rubab Saleem is Editor of Pakistan Times

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