Action not words: Government needs to take steps

Governments in Pakistan set high targets but never take concrete steps to achieve them, says ICCI president

ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has called upon the government to take practical measures in implementing the “roadmap” as put forward by Finance Minister Ishaq Dar during the two-day investment conference held in the federal capital. ICCI President Muzzamil Hussain Sabri said that while the targets announced are laudable, steps need to be taken in true letter and spirit to achieve fruitful results. Dar had said that the government is looking to achieve over 7% economic growth, increasing foreign exchange reserves to $22 billion, investment-to-GDP ratio to 20%, industrial sector growth by 8%, tax-to-GDP ratio to 15%, exports to $32 billion and spending 4% of GDP on education and health sectors by 2018. However, he said governments in Pakistan set high targets but never take concrete steps to achieve them.

Published in The Express Tribune, October 30^th, 2014.

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