Economic recovery path: UBG pushes to hasten industrialization

ISLAMABAD: The United Business Group (UBG) of FPCCI has asked the government to focus on fast track industrialisation and broaden the tax base in the next budget to boost Gross Domestic Product (GDP) growth. The government must frame policies to facilitate the industrial sector for job creation, revenue generation and exports to push GDP growth beyond 5.5%, said Zubair Tufail, secretary general of UBG. Pakistan consumes more than it produces, resulting in a wide gap between the demand and supply that results in imports, which is a cause of inflation and trade and current account deficits bridged through loans, said the official.

Published in The Express Tribune, March 31^st,  2016.

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