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ICCI for finalizing Federal Budget 18-19 in consultation with private sector

Islamabad, March 30, 2018 (PPI-OT): Sheikh Amir Waheed, President, Islamabad Chamber of Commerce and Industry has called upon the government to finalize Federal Budget 2018-19 in consultation with private sector to make it inclusive financial bill. He said this while addressing a session organized by Center for Research and Security Studies (CRSS) in collaboration with ICCI to hold discussion on improving the parliamentary hearing process for formulating inclusive economic and other policies. He said major chambers of commerce and industry of the country were sending budget proposals every year to the government, but most of them were not included in the final budget that was unfortunate.

He said the role of national assembly’s standing committees on commerce and textile, finance revenue and economic affairs, industry and production, energy and others was vital to make inclusive laws and policies and stressed that representative of business community should be called to the meetings of these standing committees so that they could present the voice of private sector in the law-making process. He said for inclusive economic policies and laws, government must ensure maximum participation of private sector in parliamentary hearing process and system.

Muhammad Naveed Senior Vice President and Nisar Mirza Vice President ICCI thanked the representatives of CRSS for organizing session on improving parliamentary hearing system and hoped that the suggestions given by the business community would be made part of final recommendations for the government. Baser Daud, Mehmood Ahmed Warraich, Khalid Chaudhry, Nasir Chaudhry, Ms. Nasira Ali, Dildar Abbasi, Abbas Hashmi and others also spoke at the occasion and provided useful feedback to bring improvements in the parliamentary hearing process.

Speaking at the occasion, Imtiaz Gul, Executive Director, Center for Research and Security Studies (CRSS) said that the foundational flaws and lacunas in the parliamentary hearing processes discouraged dialogue between the parliamentarians and the private sector representatives. Resultantly the inclusive policy making suffered as the private sector’s feedback for the potential economic reforms was not conveyed to policymakers which was contrary to the idea of inclusive democratic process.

He said CRSS has completed the preliminary research and received comprehensive feedback from the several legal experts to understand the concept of public hearing, the existing systems of public hearing in Pakistan, international best practices and the way forward.He said the CRSS would present its findings and collect more feedback to formulate the policy proposals for the government.

He assured that the proposals given by the business community would be made part of CRSS final recommend actions for the government. Tahir Hanif Parliamentary Consultant, Malik Mustafa Program Manager/Research Fellow and Saddam Hussain Research Fellow of CRSS also accompanied him at the occasion.

For more information, contact:
Islamabad Chamber of Commerce and Industry (ICCI)
Chamber House, Aiwan-e-Sanat-o-Tijarat Road,
Mauve Area, G-8/1,
Islamabad, Pakistan
Tel: +9251 225 0526, 2253145, 8432676
Fax: +9251 225 2950

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