KARACHI: President Mamnoon Hussain on Monday emphasised the critical role of the business community and entrepreneurs in the ongoing economic turnaround of the country and urged them to step up efforts and complement government’s initiatives to fully exploit the geo-strategic location of the country and availing in a greater way the trade concessions, Pakistan has recently achieved through the Generalised System of Preferences (GSP) Plus status.
The president was speaking to a delegation of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) that called on him at the State Guest House.
The delegation of FPCCI led by its incumbent President Zubair Ahmed Malik and President-elect Zikriya Usman included the incumbent and recently elected office bearers, industrialists and businessmen of the Karachi Stock Exchange (KSE).
At the outset of the meeting, the president congratulated the newly elected office bearers of the FPCCI and expressed confidence that the new cabinet besides working for the welfare and promotion of the business community, would also continue to contribute in a meaningful way to the country’s economic progress and prosperity.
The president said that duty-free access of Pakistani goods and products to the European markets besides boosting Pakistan’s exports’ sector would help create tremendous economic activities and generate employment opportunities in the country.
Highlighting the vital role of business community in the country’s development, the president said that entrepreneurs and business community are invaluable assets of the country and any meaningful economic development is not possible without their enterprise, cooperation and active participation in the formulation of economic policies.
Recalling his association with the Karachi business community and the KSE, the president said that he was fully cognisant of the various issues and problems faced by the businessmen.
Referring to the robust trade in KSE, the president said that due to the corrective measures and policies of the government, economic indicators are showing positive signs and the confidence of both domestic and foreign investors to invest in Pakistan is also being restored.
The meeting later turned into an interactive session where the office bearers of the FPCCI discussed with the president the various issues and problems of the business community and also suggested certain steps and measures for economic revival of the country.
The president assured that the government was receptive to the invaluable suggestions of the business community and urged them to come forward and share their ideas and suggestions with the government for economic growth and stability.
The delegation thanked the president for meeting and assured that FPCCI would continue making its positive contributions towards national economy.
BEIJING: Sina Weibo has sold fewer shares than expected in its US IPO which has been priced below ...