President lauds traders’ role in national development | Pakistan Today

President lauds traders’ role in national development

Highlighting the key role of business community in national development, President Mamnoon Hussain Wednesday said the government was making all-out efforts to bolster economic prospects, trade and exports through various concerted initiatives.

The president expressed these views in a meeting with the delegation of members of Bahawalpur Chamber of Commerce and Industry (BCC&I) led by State Minister for Education and Professional Training Muhammad Balighur Rehman at the Aiwan-e-Sadr.

The president appreciated the contributions of business sector in creation of economic opportunities for the betterment of people and towards attaining goals of economic stability.

The president expressed confidence that the grant of GSP Plus status by the European Union (EU) would considerably enhance the country’s exports to the benefit of business sector and economy. He called upon traders, manufacturers, exporters and entrepreneurs to take full advantage of the facility extended by EU in enhancing duty free exports.

The president said sincere measures were being taken to address the challenges confronted by the business community. He stated that the government was taking all possible steps for improving the security situation and power supply which were vital for economic and social development of the country.

The president remarked that besides the role of Foreign Direct Investment (FDI) in augmenting economic growth of the country, the real turnaround in the economy actually came from enhanced and integrated domestic investments. He appreciated the role of BCC&I in promoting trade related activities in the Bahawalpur District and in the economic progress of the country. He also reiterated the resolve for providing an enabling environment for the businesses to flourish.

The delegation thanked the president for meeting and assured that BCCI would continue making contributions toward national economy.

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