‘Triple E’ vision to stabilise economy: FPCCI ex-chief

Emphasises focus should be on economy, exports and education

FAISALABAD: The "Triple E" vision is a step in the right direction to strengthen the national economy, but all committees and departments of the Faisalabad Chamber of Commerce and Industry (FCCI) must pool their energies to achieve objectives of the vision in current fiscal year 2018-19.

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) former president Mian Muhammad Adrees expressed these views at a meeting held on Saturday to discuss the vision and road map of the Faisalabad Chamber of Commerce and Industry (FCCI) for the current year.

He emphasised that fixing targets and commitment to achieve those within the prescribed time frame was a positive approach but in that connection complete harmony amongst all stakeholders and supporting staff was imperative.

He appreciated the concept of Triple E in the prevailing situation which would focus on the economy, exports and education. "This vision is actually a strategy to stabilise the economy which has been in turmoil for the past many years," he added.

Adrees highlighted that Faisalabad was the third major city of Pakistan which contributed 55% to total exports of textile and hence, stabilisation of its economy would actually strengthen the national economy.

He underlined the need for a focused approach to achieve the objectives of Triple E in order to steer Pakistan out of the economic turmoil.

He called for establishing workable relationship between the industry and academia, saying being a businessman he was continuously getting advice and guidance from the academia for introducing new products.

To meet the objectives of Triple E, Adrees emphasised that research and development was of prime importance to make a major breakthrough in all the three major sectors - economy, exports and education.



Earlier in his welcome address, FCCI President Syed Zia Alamdar Hussain explained his strategy to achieve the aims of Triple E. "A huge import and export gap can be bridged by enhancing exports and curtailing imports; we have identified a number of products which can be easily produced locally," he said.

He announced the constitution of a think tank, headed by Dr Khurram Tariq, which would provide guidance and solutions to the problems confronted by the economy. He voiced hope that chairmen of FCCI standing committees would play their role in identifying sector-specific problems and their viable and workable solutions.

Published in The Express Tribune, November 11^th, 2018.

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