KARACHI – The President of Islamic Republic of Pakistan, Mr. Arif Alvi has met a high-profile delegation of FPCCI and friends at the presidency and listened to their longstanding concerns on economic policies of the country.
Mian Nasser Hyatt Maggo, President FPCCI, thanked President Alvi for the warm welcome and diligently listening to business and economic issues; and, their proposed solutions from FPCCI. He emphasized that FPCCI is the apex representative body of the business, industry, and trade communities of Pakistan and it should have a due say in consultative processes to make various economic policies.
Mian Nasser Hyatt Maggo maintained that federal budget should incorporate recommendations from business community and simplification of tax system through swift and effective reforms’ process. He said that simplification of tax rates and streamlining of tax filing process will not only increase number of active taxpayers, but also significantly increase the revenues of FBR.
Mian Nasser Hyatt Maggo raised the issue of sustainability and employment losses in the restaurant industry. He suggested that – ensuring compliance to SOPs – restaurants should be allowed to resume dine-in services.
He also discussed issues pertaining to pharmaceutical industry and their needs with regards to access to finance and importation of hi-tech equipment; specifically during the long-drawn-out period of corona pandemic.
Mian Nasser Hyatt Maggo also expressed his concern that the retail sector has not received the government support during the pandemic to prevent the job losses as it has received from governments the world over.
Mian Nasser Hyatt Maggo explained that ease of doing business and cost of doing business in Pakistan faces chronic issues and but can be swiftly resolved and businesses can be facilitated, if there is a will in concerned quarters. He offered FPCCI’s full support in policymaking and economic reforms.
The delegation also offered fateha for the nephew of the president who had passed away a day earlier due to complications from corona.
The high-profile delegation of FPCCI and friends was led by Mian Nasser Hyatt Maggo, President FPCCI; along with Mian Anjum Nisar, Immediate Past President of FPCCI, Khawaja Shahzeb Akram, Senior Vice President FPCCI, Hanif Lakhany, Athar Sultan Chawla, and Chaudhry Saleem Bhullar, VPs of FPCCI, Senator Haji Ghulam Ali, Former President FPCCI, Mirza Abdul Rehman, Sheikh Sultan Rehman, and Mohammad Ali Mian, Coordinators of FPCCI, Khurram Tariq Sayeed and Sheikh Aslam, former VPs FPCCI and Chaudhry Waheed. Wide-ranging national issues including Federal Budget, Industrialization, Renewable Energy, Hospitality Industry, Agriculture, and Documentation of Economy among others were discussed.
