ISLAMABAD: SAARC Chamber of Commerce and Industry has said that political stability is of paramount significance for sustained economic growth to confront the impending multiple challenges.
Taking to a delegation of trade leaders led by President United Business Group Zubair Tufail on Sunday, President SAARC CCI Iftikhar Ali Malik said that Pakistan’s bleak economy cannot bear the brunt of political instability and go with politics of confrontation at this crucial juncture of time of Covid-19 aftermath.
He said that political instability casts a negative impact on economic growth and especially it further weakens the shattered economy of underdeveloped countries. It is vividly evident from the facts that mostly international players create such types of sorry state of affairs to achieve their nefarious designs for their vested interests, he said adding, it is indeed important to bolster exports to maximum extent coupled with ease of doing business so that our products can remain competitive in the global markets.
He said that Allah has blessed Pakistan with abundant natural resources and rich mineral deposits which must be fully exploited for prosperity, progress and development. He said consistency in the government policies always mattered a lot and another key factor is a clear roadmap to move forward.
He was of the view that entire private sector including the industrial sector should discharge their national obligations and play their role in strengthening the economy while on the other hand, he urged the government to introduce afresh reforms and control the smuggling of raw material and finished goods besides clamping complete ban on imports of unnecessary items devouring hard earned foreign exchange.
Other eminent members of the delegation included Zafar Bakhtawari, Dr Mirza Ikhtiar Baig, Khalid Tawab,Gulzar Feroz,Shaikh Riaz and Dr Nouman etc.
