Breaking News

Pakistan Industrial and Traders Associations Front urges government to adopt innovative and out-of-box measures to ensure an enabling atmosphere to trade and industry

Lahore, October 13, 2014 (PPI-OT): Pakistan Industrial and Traders Associations Front (PIAF) on Monday urged the government to adopt innovative and out-of-box measures to ensure an enabling atmosphere to the trade and industry.

While addressing parliamentary committee meeting the PIAF Chairman Malik Tahir Javaid said that an acute shortage of energy and ongoing political uncertainty had already exposed the country’s economy to many external shocks. Former LCCI Presidents Mian Anjum Nisar, Mian shafqat Ali ,Muhammad Ali Mian , Irfan Qaiser Sheikh and Sheikh Muhmmad Arshad also Attended the meeting .

Malik Tahir Javaid said that the economic scenario was not as rosy as was being painted by some circles and this time it was not due to any wrong policies of the government but only because of other factors that have taken hostage a number of economic indicators.

Malik Tahir Javaid said that the government would have to revisit its policy towards uninterrupted supply of gas to the industrial sector as closure of industry due to energy shortage could multiply the intensity of challenges.

He said that a bold decision is direly needed as half-hearted steps for provision of gas to the industrial sector would not work at all. The industrial sector is more than sixty percent of the economy and if it is in trouble, the entire economy would suffer.

The PIAF chairman suggested to the government to strengthen institutional framework to get the desired economic results in a speedier manner by motivating the contributing factors as Pakistan is resourceful country having all the ingredients to grow at a faster pace.

PIAF Chairman said that for the provision of gas to the industry, the government would have overcome all the bureaucratic hurdles to facilitate the private sector as the country as a whole in dire need of one-window operation in true sense of the word.

The PIAF chairman said that the government would also have to reactivate its diplomatic machinery to resolve the perception related issues being faced by the country due to internal factors. He said that there was a time when the foreign buyers were used to come to Pakistan every now and then but now it has become very difficult to convince the foreign investors to come here.

Malik Tahir Javaid expressed the optimism that the government would listen to the private sector calling in the larger interests of the economy and the country.

For more information, contact:
Khalil-ur-Rehman
Pakistan Industrial and Traders Associations Front
110/s Kot Lakhpat Industrial Estate
Lahore, Pakistan
Tel: +92-42-5123522
Fax: +92-42-5123522
Email: Info@piaf.pk

The post Pakistan Industrial and Traders Associations Front urges government to adopt innovative and out-of-box measures to ensure an enabling atmosphere to trade and industry appeared first on Business News Pakistan.

Check Also

JazzCash Launches Payment-via-Link to Boost Efficiency for Small Businesses

Islamabad, JazzCash, Pakistan’s prominent fintech entity, has introduced a new feature, Payment-via-Link, aimed at enhancing transaction processes for its nearly 300,000 merchant users. This feature is intended to provide a more streamlined and efficie...

The post JazzCash Launches Payment-via-Link to Boost Efficiency for Small Businesses appeared first on Pakistan Business News.