To improve Pakistan's economy, President Asif Ali Zardari has called for providing a business-friendly environment by further rationalising interest rate, supplying cost-effective energy and propping up export-focused industries.
He urged the business community to invest in stock exchange, besides focusing on industries that could support small and medium enterprises and provide jobs to people. He expressed these views while addressing the 12th Federation of Pakistan Chambers and Commerce and Industry (FPCCI) Excellence Awards ceremony at Aiwan-e-Sadr on Tuesday.
President Zardari said that high interest rates were not beneficial for the economy and businesses, adding that he would ask the government to consider reducing the policy rate to boost business activities.
He stressed that a comprehensive approach was required to steer the country out of economic challenges.
He emphasised that steps should be taken to provide cost-effective electricity, land and other facilities to help promote trade and industry. In addition, the business community and entrepreneurs should continue to actively contribute to economic transformation.
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