ISLAMABAD: Federation of Pakistan Chamber of Commerce and Industry, (FPCCI), an apex body of chambers in the country Thursday reposed confidence in prudent economic policies of Prime Minister Nawaz Sharif to put country on track leading to progress, prosperity and development.
FPCCI Chief Zakaria Usman told APP that "we all office bearers of the federation, the presidents of its affiliated chambers and their attached trade associations are grateful to Prime Minister for acceding to their legitimate demands to maximum extent for help boosting the slow paced industrialization process in the country besides strengthening the national economy".
He said they were also obliged to elected government of Pakistan Muslim League-(N) for taking first time traders into confidence before finalization the future economic policies. He said that all out efforts were made in prevailing crunch to provide best possible monetary relief to the industry.
Zakaria refered to mark-up reduction in export re-finance and long term finance,introduction of special training to textile workers and local taxes drawback, revamping of sale tax regime and early payment of refund claims, high powered commission for devising mechanism on scientific lines to provide impetus to traders for manifold increase in exports. He said current fiscal policies of Prime Minister Muhammad Nawaz Sharif were better in the given global economic recession.
Vice President SAARC Chamber of Commerce and Industry and veteran trade leader told APP that Federal Finance Minister Senator Muhammad Ishaq Dar had given categorical assurance that all genuine problems being confronted by the business community will addressed on the top priority.
He said that it was first time in history that more than 50 per cent representation had been given to private sector in the high powered 'Advisory Committee of the Planning Commission', headed by the Prime Minister. He said now again, maximum business community and traders will be accommodated in the commission.
Iftikhar Ali Malik said that it was for first time that 50 per cent of the total loans earmarked under Prime Minister Scheme were being disbursed among the women for promotion of cottage industry in the country besides generating job opportunities in addition to strengthening national economy.
He said that Federal Board of Revenue, Pakistan Trade Development Authority, all federal miniseries concerned and its attached departments had been directed to facilitate the FPCCI,its affiliated chambers, traders,importers and exporters to accelerate the economic activities in the country.
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