ISLAMABAD: President Asif Ali Zardari urged the business community on Friday to come forward with out-of-the-box proposals for the government to overcome economic challenges.
Talking to a delegation of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), the president said that the business community should help the government restore the people’s confidence in the national economy.
The president sought the cooperation and suggestions of the business community to stimulate economic activities and promote a business-friendly environment in the country. The president thanked the business community for its support at a time when the government was fighting against the militants and facing the devastation caused by natural calamities.
He termed the business community an invaluable asset in economic progress. He said that a combination of domestic and international factors had affected the economic activities in the country.
However, he added, the government was taking measures to improve the security situation to help resume economic activities. He highlighted the steps taken by the PPP government in the economic realm, saying that it had introduced reforms to put the country back on a sustainable growth path.
He said that the social protection umbrella was being extended to the poorest of the poor through the Benazir Income Support Programme (BISP).
The president called upon the FPCCI to highlight problems of the business community and safeguard its interests through regular engagement with the government.
He said that public-private partnerships would result in a new era of socio-economic prosperity in the country.
Published in The Express Tribune, August 27th, 2011.
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BISP programme is a dole out. And a waste.Income generation activities should be created at micro level and may be these very beneficiaries asked to work in small infrastructure projects at village level and they should be paid for this work.
Out of box solution :how about making the VAT refund application filed by exporters in China as Bill of entry in Pakistan.Under invoicing will disappear.
Public - Private partnership in our country? How many private companies are left to invest big money here? 80% of public fund comes from loans from cheap chinese banks loans who are making millions out of our narrow tunnel vision and slowly capturing assets. Its an assured 180 million dependent colony that they can exploit as they want, whenever they want. Central govt has been begging money from world over to meet minimum expenses. Private companies need assured returns, but here the next day their assets can be bombed or they can be kidnapped.
The BISP is a fraud.. It is also promoting beggary in the country...
And it does not help in terms of narrowing the deficit...
Zardari has increase the debt of the country by over 80 percent...
This must surely be the most bizarre and dumb statement I have ever read.
How about some BASIC Macroeconomics 101?