Economic stability prerequisite for generating 1.3m jobs annually, says Malik
ISLAMABAD: SAARC Chambers of Commerce and Industry (CCI) Senior Vice President Iftikhar Ali Malik Saturday said economic and political stability was prerequisite for generating the required 1.3 million additional jobs on average every year to cope with the multiple challenges.
Talking to a delegation of traders here, he said time had changed as now the influential nations were paying more attention to financial warfare to continue their dominance.
“Countries are successfully using their weapons of economic destruction to weaken economics of poor nations to achieve their unholy designs while Pakistan’s economy is not strong enough to withstand economic terrorism,” he said in press release issued here.
He said it was indeed important to increase the exports and for that purpose we needed to reduce cost of doing business so that our products could remain competitive in the world markets.
He further said trade facilitation was the key to promote industries adding “We need to remove all obstacles and create the culture of trade facilitation.
“Our country has tremendous potential as we have enormous talent. What we need is the consistency in the government policies and a clear roadmap to move forward,” he added.
The veteran trade leader was of the view that all the sectors including the industrial sector should discharge their national obligations and play their role in strengthening the economy while the government should introduce reforms and control the smuggling of raw material and finished goods.
He also urged the government to conduct market research to find out new destinations for the Pakistani products which were best in the world as far as quality and price was concerned.
He said that Pakistani Missions abroad should be duty bound to introduce Pakistani products to the foreign buyers and also ensure dissemination of trade related information so that Pakistan entrepreneurs could avail trade opportunities to the maximum.
Iftikhar Malik said United Business Group (UBG) acted as a bridge between the government and the business community.
‘It has always tried to ensure a business-friendly environment through sharing views with the government and by taking all the stakeholders onboard on all the economy related issues,” he added.
He also said UBG was still very strong in all provinces of the country and continued its mission to protect the interests of the business community while remaining committed to the cause of development of the country. – APP