KARACHI: Economic development through the revival of business
activities should be the utmost priority of the upcoming government in
collaboration with all stakeholders, mainly the industries and chamber
of commerce of the country, said Nasir Hussain Shah, the Former
Provincial Minister for Local Government, Housing and Town Planning.
Speaking as a chief guest at the inauguration of Federal B Area
Association of Trade and Industry (FBATI) headquarters, Nasir Hussain
Shah said the leadership of Pakistan People’s Party (PPP) has a
comprehensive plan for economic stability and prosperity to achieve
self-sufficiency in its financial affairs with the support of its
highly potential business community of the country rather than
approaching different institutions for few billion dollars every time.
The former Minister said the vision of the PPP to facilitate the
business community of the country, particularly from the commercial
hub, Karachi, aimed at enhancing its contribution to the national
economy in exports and revenues.
He recalled that the previous provincial government allocated funds to
industrial zones to develop the infrastructure, which yielded positive
results for businessmen and industrialists’ communities. It also set
up power plants in Nooriabad and Thar to produce low-cost electricity
for the province.
Shah added that the PPP government vowed to continue its cooperation
with the city’s business community while addressing the core issues of
utilities, including the supply of electricity, gas, and water, at par
with the demand of the city’s industrial and economic activities.
The leadership of PPP considered Karachi as the backbone of the
country’s economy, and he said it would continue to develop its
infrastructure to give relief to the masses at an accelerated pace.
The former Minister appreciated the role and contribution of the
business community, expressing his will to establish an IT training
center and safe zones with the cooperation of the leadership of FBATI.
President FBATI Syed Raza Hussain said economic development will only
be possible through support SMEs, which are witnessing significantly
different working situations due to the high cost of business and
production.
He added that the national and provincial government should focus on
the country’s economic heartland while empowering the business
community to set up special economic and safe industrial zones.
