FAISALABAD: New Government will confidently present a business-friendly budget and revival of economy would get pace, said President FCCI Mian Zahid Aslam here Saturday.  He congratulated to Mian Nawaz Sharif, unprecedented third time Prime Minister of Pakistan and his Cabinet to take charge of the affairs of the State. He was confident that the new Government would come up to the hopes of the people to steer the economy out of the huge challenges at this stage and also provide relief to the people.

 He said that all segments of society including businessmen, small and big traders, industrialists and general masses are happy and hopeful that an era of reconstruction of Pakistan economy would be ushered in that would lead to economic prosperity for all  in the country

He said that the forthcoming budget is the first one being presented by the new Government and hoped that it would be business friendly and a milestone achievement towards revival of the country’s economy and all the sectors of the economy and people would get relief. He said that proposals from Chambers of Commerce and other stakeholders   of economy have already been routed to the Government and hoped that due care for these proposals would be taken in the final presentation of the forthcoming budget.

He said that the long term solution to energy crisis is generation of cheap electricity through  hydel resource with potential of 100,000 MW  and emphasized that construction of large dams including Kala Bagh Dam be started to complete in the following years.

He said that investment to GDP ratio is historically low at 12.5% in 2011-12 compared to India 37% in 2010-11, Bangladesh 25% and China 50% and hoped that the new Government would be able to restore and win back the confidence and trust of foreign investors to reduce dependence on foreign loans and assistance for economic development of the country.

The FCCI President said that the visionary leadership of Mian Nawaz Sharif would provide a  unique opportunity to reconstruct the country’s economy which would help to  harness and fully exploit to regain our due place in the comity of nations.