The government prefers to go beyond boundaries to promote local markets and enhance business relations with the neighbours, said Pakistan Muslim League-Quaid (PML-Q) Chief Chaudhry Shujaat Hussain, while urging India to enhance trade with Pakistan.
“But, it will not be at the cost of local industry,” Shujaat said, adding that the new fiscal year budget will be important for promoting business ties with India.
While speaking to a delegation of the business community, headed by Attock Chamber of Commerce and Industry President Tariq Mehmood, Shujaat urged the business leaders to furnish specific business proposals as the government is considering giving extra ease to those who establish industries without any bank loans.
There is no harm in testing the abilities of the private sector by handing them the management of a few sick units, he added.
Chaudhry Shujaat Hussain was informed that there are 475 pharmaceutical factories operating in Pakistan, catering to 70% of the country’s demand of pharmaceuticals.
Published in The Express Tribune, April 30th, 2012.
COMMENTS (7)
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Sir, what exactly do you have that you wish to trade ?
Weapons ? Radicalism ?
What exactly does Pakistan produce ?
Does Pakistan have any buying power to buy Indian goods ?
I think you should look for trading with Afghanistan
@sushant: "...will continue to do so until we’ll not stop listening to Some War Mongering minorities on both side of the border…" Oh, but for "Some War Mongering minorities", milk of our brotherhood would have flooded the breasts of our "peace-loving majorities" as it had been doing for the last thousand years but for the "divide-and-rule" British. What kind of majorities are these any way, who are not able to prevail over their minorities?
@Mannan Gil: U will say Kashmir we'll say Baluchistan....u will say water we'll say terrorism....this kind of list is very long....lets not get into blame game....this what we are doing since our independence and will continue to do so until we'll not stop listening to Some War Mongering minorities on both side of the border....So think rationally and then say something...
@Sushant: Fight poverty? First stop killing Innocent Kashmiri Women, Children and men. You can not continue this B/S there and trade with us. Stop killing Kashmiris first.
Great move by Pakistan...I hope instead of fighting each other like enemy some day we will fight the common enemy together "POVERTY"....
@Pakistan politics...why dont you put down how it will effect local market??? If it had to make any impact, why the local market was not killed when chinese goods came into Pakistan and flooded the market? Competition only makes products, services and prices better for consumer...thats how economics works. Did Chinese flooding of goods in India kill India industry?? No, both can and are surviving and competing. Thats how life goes.
Ch sb please enlighten us how will it not effect the local market??