KARACHI - President FPCCI Haji Fazal Kadir Khan Sherani has acknowledged World Bank's contribution in social and economic development of Pakistan. FPCCI is establishing Professional Development Institute. This apex trade body of the country would highly appreciate any support or suggestions from World Bank to make the institute more effective tool of a change in the country, he said.
FPCCI President was speaking in a meeting with Dan Biller, Lead Economist South Asia Sustainable Development Department of World Bank (WB) here at Federation House , said a release from Federation of Pakistan Chambers of Commerce and Industry (FPCCI) here on Friday. The President FPCCI noted that World Bank is Pakistan's strong partner in the development. He also mentioned World Bank support at the time of disasters like earth quakes, floods, World Bank's Lead Economist, Dan Biller , on this occasion, gave a presentation on World Bank's international experience of industrial development and Pakistan's industrial competitiveness. He informed that WB was working with Ministry of Industries since 2009 and has conducted various studies to recommend industrial policy in Pakistan. He showed the trends in the economic growth of South Asian countries specially in China and the comparison of other countries. While appreciating World Bank's projects for economic sustainability , poverty alleviation, education, income support, trade expansion and facilitation, reduction in cost of doing business, Haji Fazal Kadir Khan Sherani suggested that policies or models should be compatible to the existing conditions of Pakistan. That, all factors of proposed model should perform to contribute to the industrial growth.