Official calls on business leaders to play greater role

Urges businesses to provide benefit to low-income earners.

KARACHI:

Business leaders must play a greater role in the policy-making process at government level to be able to deal with challenges posed by globalisation, irrespective of the nature of the domestic and international business environment, according to Confederation  of Asia Pacific Chamber of Commerce & Industry (CACCI) Vice President Tariq Sayeed.

Addressing a session at the CACCI conference in Istanbul, Sayeed said, “It is equally important for governments to be involved in the policy making process and intervene in regulatory mechanism to keep businesses in balanced mode while living in constitutional frame.”

He identified income inequality, environmental issues, inadequate governance and lack of transparency as threats to the capital market economy.

Sayeed called for building competitive and profitable businesses that would benefit low-income people, and urged enterprises to adopt approaches for marginal profitability, while maintaining good corporate governance practices.

Published in The Express Tribune, March 10^th, 2011.