KARACHI – Mr. Shaukat Train press conference left a great impact on the business circles and created a hope that Trade & Business will be provided a climate to increase productivity to meet the present ecnomic crunch said by Mr.Iftikhar Ali Malik a business leader & President SAARC Chamber,He showed great satisfaction on ideas to lead the budget agenda for the trade & Industry.
Mr Malik said that it is a correct decision to open parleys with IMF to address few important area of economy, while mentioning those he stated that IPP, cost of energy is increasing cost of doing business he is of the view that IPPs must be brought to amicable settlement in the interest of country he commented that these energy providers are enjoying great dividend without suppling energy and circular debit is ever increasing because hard earned money by trade and industry goes ashtray and we stand without rewarded.
Mr Malik suggested the respected FM that it the time for final settlement with IPPs to revive the economic growth.He mentioned trade deficit is already widen to 21.6% which can be only controlled by curbing undue burden on the industry to enhance exports. Broaden of tax base is major agenda of FM proposed reforms said by FM is most welcome step which he stated in his press conference. Mr. Malik said all those who are earning from any sector must pay their due tax to ease those who in the tax net for decades and bear the burden of financial needs of the country.
Mr. Malik also commented on the pleasant statement of Dr. Arif Alvi President of Pakistan for Government commitment to provide level playing ground to Trade & industry. Malik said our exports are stuck to 22 billions US Dollars and we need all correct all measures to boost this figure for which a close consultation process is strongly suggested He suggested to form an INDUSTRIAL CONSULTATION PLATFORM to hold monthly meetings headed by Finance Minster.
Private sector to lead and all member from trade & Industry where as all concerned government departments and their head to attend as ex officio members. He said that present remittance by overseas Pakistanis is nearing 27 Billion US Dollars through banks where as a huge amount is remitted though HUNDI HAWALA & Money Exchangers because our banks do not release money on time when required by the families of overseas Pakistanis if some bonus scheme is introduced and quick transfer of funds is ensured by the banks the remittance will be increased to double of present 27 billions. He ended with a hope for a workable budget to meet the economic challenges to save industry and our most precious human resource.
