Govt urged to encourage manufacturing

LAHORE - Trade leaders on Tuesday urged the government to encourage the manufacturing sector including export-oriented industry besides agriculture sector to promote value addition in this largest sector to uplift economy. They also said that though the economy of Pakistan is passing through a very crucial phase and the government is striving hard to revive the economy but the government should announce incentives for the industrial sector to enhance exports and to meet the local demand. They stated this while speaking at an Iftar dinner hosted in honour of candidates of PIAF-Founders Alliance for the forthcoming elections of Lahore Chamber of Commerce and Industry. A good number of leading industrialists and business leaders also attended the ceremony besides the representatives of trade unions and members of Lahore Chamber of Commerce and Industry. Addressing on this occasion, Iftikhar Ali Malik said that the govt would have to take the business community along for an economic revolution in the country. He further said that water revolution, green revolution, and white revolution through accelerating agriculture and dairy development could resolve most of the economic woes in the country. He said that allover the world, the suggestions and proposals forwarded by the business community are valued and incorporated while making policies. Therefore, he said the govt in Pakistan would have to adopt same methodology to get the desired results. He said that cut in high markup, improvement in law and order situation and promotion of regional trade could do miracle in true sense of the word. Iftikhar Ali Malik said that the SAARC Chamber was looking into the issue of regional trade and would soon be issuing policy guidelines in this regard for the promotion of mutual trade among the SAARC states. Over the issue of forthcoming LCCI elections, Iftikhar Ali Malik said that the PIAF-Founders Alliance was in a strong position to sweep the Associate Class polls. He said that the Alliance had brought forward talented and young businessmen with an objective to serve the nation in a better way. Former LCCI President Mian Muhammad Ashraf said that the trade bodies and associations of businessmen being major stakeholders are in a strong position to provide guidance to the government on the problems being faced by the trade and industry. Speaking on this occasion, Chairman PIAF Irfan Qaiser Sheikh criticized the management of Pakistan Electric Power Company (PEPCO) and said that the PEPCO should immediately stop its rude attitude towards the industry. He said that PEPCO was destroying the entire industrial sector in the name of load management, which is badly affecting the production and as a result would lead to cancellation of export-orders. Mian Anjum Nisar and Sheikh Muhammad Arshad urged the top management of the PEPCO not to resort to massive and unannounced load shedding. They also said that the PEPCO should implement load management agreement in township industrial area in to redress the grievances of the business community.

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