Due to many negative measures including nationalization, we were left behind in industrial development, Iftikhar Ali Malik.

Karachi: Founder Chairman of United Business Group (UBG), former President of SAARC Chamber of Commerce and FPCCI, Asian Business Tiger, Iftikhar Ali Malik, Appreciating the statement given by the leaders of the United Business Group regarding their efforts, He said that the important role of all the business community of Pakistan in the efforts made to improve the country’s economy is of utmost importance. Acknowledging UBG’s proactive stance in advocating policies, removing trade barriers and promoting cooperation among various stakeholders to promote economic growth and facilitate international trade. Indeed, the dedication and commitment required to enhance the business environment and represent the interests of the business community, my efforts have always been that WTO, SAARC Chamber of Commerce, American Chamber of Commerce, Islamic Chamber of Commerce, To contribute to the progress towards common goals set by organizations like D8, ECO, Overseas Chamber of Commerce, and Pakistan Business Council and my efforts and endeavors have been appreciated on all the above global platforms. Iftikhar Ali Malik said that due to nationalization and many similar measures, we have been left behind in the race of industrial development, the value of the dollar has increased tremendously, the industries which were started at 5 rupees per dollar have been started, but now they are 278 rupees. Who will set up the industry on the dollar and who will run it? He said that there are many families in the country who have closed the industry and started other work. have to understand and deal with, today the conditions of Pakistan are reflecting extreme inflation, poverty and unemployment. Iftikhar Ali Malik said that I feel sad that an atomic power country had to become an economic power but it could not happen, Japan, China Not only Germany, but now countries like Vietnam, Ethiopia, Bangladesh are also getting ahead of us. Due to the pressure of taxes on domestic industrialists, not only the industries stopped but also the industrialization was discouraged. He said that I In the light of wider experience, I believe that Pakistan still has opportunities and our government should take steps to promote the agricultural sector. There will be, farmers will have to be provided with facilities and farmers will have to be prepared for farming in new ways.