State of economy: ‘Country can ill-afford a major political crisis’

Leading businessmen gather to discuss future strategy.

Our Correspondent August 01, 2014

KARACHI: Trade Development Authority of Pakistan’s (TDAP) Chief Executive SM Muneer has said that Pakistan is going through a troublesome phase and cannot afford a major political crisis.

He also urged all the leading political parties to stop all kind of confrontations that may lead to political unrest at a time when the country is already facing grave security challenges.

“The present government is on the right track to revive the economy,” said Muneer at the Eid Milan reception held in honour of the leading businessmen of Karachi.

He said that he will meet the prime minister to discuss hurdles being faced by exporters to find ways and means to overcome them and boost exports.

Bashir Jan Mohammad was of the view that most of the recommendations of the business community were ignored in the federal budget. He argued that the Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) research could have provided true facts and figures to the people sitting at the helm of affairs and made them accept their demands.

“The voice of the business community falls on deaf ears, it needs to be heard at the high echelons of the government,” said Mohammad. “It is imperative that businessmen be united and take benefit of Muneer’s judgment.”

Meanwhile, senator Abdul Haseeb Khan said the potential of businesswomen could not be ignored and their help should be sought in resolving issues being faced by the business community.

FPCCI’s Acting President Shaukat Ahmed said that in order to control expenses, the present leadership of the body has refused to use the resources of the body in official visits.

He further said that his office will soon reveal the names of those who were involved in misappropriation of funds in construction of the FPCCI building in Islamabad, he added.

On another note, Khalid Tawwab pointed out that the country needs to overcome the load-shedding crisis in order to revive industrial activity.

Senator Khan, Sardar Yaseen Malik, Mian Zahid Hussain, Tawwab and Arif Habib also spoke at the occasion. Syed Farukh Mazhar, Gulzar Firoz, Dawood Usman Jakura, Manazer Nasir, Sultan Chawala, Abdus Sami Khan, Yayha Polani, Munir Sultan and Rashid Siddiqui were present at the reception.

Published in The Express Tribune, August 2nd, 2014.

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Almas | 9 years ago | Reply

Is there any benefit of these seminars? I have been reading these comments, suggestions and commentary made by the business community since ages but its of no use. I suggest the powerful business tycoons like SM Munner, Arif Habib etc. should present business community demand during the formal / informal meetings they have with government officials.

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