Tuesday, January 11, 2011

Affairs of economy: business community shows utter desperation

Affairs of economy: business community shows utter desperation 
The business community sent a strong but disturbing signal to the government during JUI chief Maulana Fazal-ur-Rehman, chairman Kashmir committee's visit to the Federation of Chambers of Commerce and Industry (FPCCI) head office. Majority of FPCCI leaders who spoke on the occasion showed utter desperation over the government was managing the affairs of the economy.

FPCCI leaders were of the view that shortage of power gas and other key raw material was hampering industrial growth in the country. They were of view that if immediate correction were not made the impact of serious issues like shortage of gas, electricity will make thing worse in coming days. FPCCI president Senator Haji Ghulam Ali urged upon Maulana Fazalur Rehman to take up the agenda of Pakistan first to the government and involve the private sector in economic policy making.

He said the business community was concerned, over deteriorating economic condition of the country and wanted an early solution to all related problems. He said the continuity of existing policies will give more problems to the people besides weakening the industrial base of the country. Tariq Sayeed told Maulana Fazal-ur-Rehman that traders and industrialists of the country were seriously worried over existing economic situation and he on their behalf want to inform the government at federal and provincial level that business community wants immediate solution to their problems.

"Maulana Sahib please convey to the government on our behalf that traders and industrialists are not in a position to carry on their commercial activities in the given situation when there was no electricity and gas for two third of the day," Tariq Sayeed gave this message to Fazal-ur-Rehman and he wanted that his message should be clearly heard by the rulers.

Iftikhar Ali Malik second his fellow Tariq Sayeed and demanded of the government improvement in three key areas for helping business community play its role in making corrections in the down sliding economy. He also referred to worsening law and order situation terming it a nightmare for traders and industrialists who in his opinion were finding it difficult to keep the mills and businesses running. He suggested that the government should immediately form a think tank comprising notable economists, former policy makers, private sector representatives and experts in economic strategies and planning. He said Pakistan an agriculture country could do better provided the government ensures good economic policies. Iftikhar Ali Malik said that FPCCI was ready to provide the government input for forming think tank.

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