LAHORE - A market based economic model is the most effective tool to put economy back on rails and mechanism to this regard needs to be evolved in collaboration with private sector for the sake of progress and prosperity in the country. This was the upshot of the speeches delivered at a seminar on Economic Management of Pakistan at the Lahore Chamber of Commerce & Industry. LCCI Vice President Faisal Iqbal Sheikh and Chairman Capital Management, Karachi, Mohammad Muzaffar were among the prominent speakers. The LCCI Vice President Faisal Iqbal Sheikh said that the Lahore Chamber of Commerce and Industry was making its best efforts for an economic turnaround of the country. But, he said, to achieve the goal, all the stakeholders involvement is a must. Unless and until both the sides-the public sector and the private sector-join their heads, economic turnaround would remain a dream. He said that we as a nation would have to shed adhocism once for all if we want to put the country on path to progress and prosperity. He said that the Lahore Chamber of Commerce & Industry in consultation with all the political parties was trying to finalise a 15-year economic agenda that would ensure continuity in policies for being a prerequisite to progress and prosperity. Speaking on the occasion, the Chairman capital management Mohammad Muzaffar said that it would be in the supreme national interests to switch over to Market based Economic Model. He said that for eradicating poverty - the most important is that a balance in the Direct and Indirect Taxes has to be built in the economic management. He said present government was duty bound to correct this gross imbalance in the direct and indirect taxes if the poverty is to be eradicated. The other speakers also threw light on many areas including acute power shortage and political uncertainty in the country.