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Incoming government should prepare economic revival agenda and take business fraternity into confidence in order to bring political and economic stability in country

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by May 17, 2013 General

Karachi, May 17, 2013 (PPI-OT): The incoming government should prepare economic revival agenda and take the business fraternity into confidence in order to bring political and economic stability in the country, this was stated by former Chairman Korangi Association of Trade and Industry, Shaikh Manzar Alam.

In an urgent message to the leader of the PML-N Nawaz Sharif, Manzar Alam said that PML-N’s team of economic experts should earnestly call a meeting with the business leaders headed by Vice President of Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) Tarique Sayeed, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Zubair Ahmed Malik and other major stakeholders to devise an effective and long-term economic policy to rescue the sinking economy of the country and find avenues of building foreign exchange reserves which have gone to the dangerously low level.

He further advised the PML-N leader to appoint a strong team of negotiators to talk with IMF for deferring the payment of its loans’ instalment that is due in coming month considering the unstable political situation and Pakistan’s long battle against terrorism.

He said that there should be a rescue package for the export sector by the new government and all grievances of foreign exchange earners should be removed so that they could be able to restore their lost markets due to bad law and order situation and severe energy crisis during previous government’s five-year term. He appealed the PML’s leader to call the round table conference with the business leaders well before the finalization of budget 2013-14 which would be a crucial task for the PML’s government.

For more information, contact:
Abdul Wahab
Press Secretary KATI
Korangi Association of Trade and Industry (KATI)
ST-4/2, Sector 23, Korangi Industrial Area,
Karachi 74900
Tel: +9221 3506 1211 -2
Cell: +92346 2012346
Fax: +9221 3506 1215
Email: kati@kati.pk

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