Business Community Urges Leadership Across Political Divide to Resolve Issues for Economic Revival
Key Highlights :
The business community of Pakistan has urged the leadership from across the political divide to resolve issues at the earliest and provide a conducive atmosphere for the revival of the ailing economy. The country is facing the worst economic crisis due to the ever-increasing trade deficit, fast depleting foreign exchange reserves and prolonged political unrest. Businesses are facing difficulties even in managing day-to-day affairs and the situation is only going from bad to worse.
Khadim Hussain, member board of directors of the Pakistan Stone Development Company (PASDEC), Punjab and executive committee member of Lahore Chamber of Commerce and Industry and chief executive officer of Hussain Trading Company, said that both the opposition and the ruling coalition partners should sit together for ending the prevailing standoff in the larger national interest. He urged the government to devise a doable strategy for revival of economy and businesses after due consultation with the relevant stakeholders.
Mr Hussain further said that in the prevailing tough situation of global economic meltdown, the government should provide proper handholding and practical support to the enterprises so that they could play due role in revival of national economy. He said that the political instability directly affects economy and businesses and it is not only affecting foreign direct investment but also discouraging local enterprises in implementing plans of expansion.
The business community has urged the government to take immediate steps to end the political unrest and focus on providing a conducive atmosphere for businesses to flourish. They have also asked the government to provide necessary financial and other support to the businesses to help them survive in the current situation.
The business community has also asked the government to take steps to reduce the current trade deficit and increase foreign exchange reserves by encouraging exports and foreign investments. They have also asked the government to focus on providing training and resources to the businesses to help them stay competitive in the global markets.
It is essential for the government to take immediate steps to resolve the issues and provide a conducive atmosphere for the businesses to revive the ailing economy. The government must make sure that the businesses have access to necessary financial and other resources to help them stay afloat and contribute to the economic growth of the country.
