FPCCI hails Rs100 billion package to industrial sector by govt
ISLAMABAD: President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Mian Anjum Nisar on Monday hailed the Rs 100 billion package offered to the local industrial sector as a support following current challenging situation created by the COVID- 19 pandemic.
The government should take preventive measures and develop strategy to protect the pace of economic and trade progress and effects of world economic slowdown as apprehended by leading research organization after evolving the situation in COVID-19 pandemic, he told APP here.
President FPCCI said the whole world including the potential market of Europe Union (EU) was affected by the coronavirus, which was the second biggest trade destination for Pakistan after the Generalized Schemes of Preferences (GSP-Plus) offered by EU in 2013.
In this regard, the government must to go for conducting studies for mitigating the economic changes after Coronavirus, he said
Replying to a question, he said that due to coronavirus, the business community all over the country has adopted all necessary measures as directed by the government to control the pandemic.
Mian Anjum Nisar informed that due to coronavirus issue, businesses and industrial units had been closed, but they had to pay the monthly commercial bills of gas and electricity, which was adding to their difficulties.
He also appealed to the government that receipt of commercial bills of gas and electricity from business and industry should be deferred for few months so that business community could be able to cope with the current crisis. - APP