Lahore, June 25, 2014 (PPI-OT): Business community wants to play its due role for early economic revival of the country provided government ensures conducive business atmosphere for trade and industry.
In a statement issued here Wednesday, Chairman PIAF Malik Tahir Javed said that sufficient and cheaper energy, cut in markup and stable law and order situation would not only enable business doing people to play their vital role for economic uplift of the country but would also pave way for much needed foreign investment in the country.
Malik Tahir Javed said that present government moving in right direction and business community appreciates it’s all endeavours for early economic revival. PIAF Chairman said that government has to complete all power projects in shortest possible time as sufficient and cheap energy was must to accelerate trade and economic activities in the country.
He said that government has announced various appreciable initiatives for energy sector in the Federal Budget 2014-15 but early completion of the announced projects has utmost importance as it could bring industrial revolution in the country.
Malik Tahir Javed said that export-oriented needs unintruppted electricity supply to keep its wheel moving. Chairman PIAF said that though in the recent past, the energy crisis was the main spoiler of economic fabric of the country but high interest rates have also contributed considerably.
He said that State Bank of Pakistan should realize the ground realaties. It is now before all of us that high discount rate is no more sustainable. It has been causing a great harm to economy and would continue to do so unless and until a realist approach is adopted. Chairman PIAF hoped that government would continue making efforts to economic wellbeing of the country.
For more information, contact:
Pakistan Industrial and Traders Associations Front
110/s Kot Lakhpat Industrial Estate
Phone: (92) 42 5123522
Fax: (92) 42 5123522