ISLAMABAD: Federation of Pakistan Chamber of Commerce and Industry, (FPCCI), an apex body of chambers in the country Friday hailing once again reposed full confidence in prudent economic policies of Prime Minister Nawaz Sharif to put country on track leading to progress, prosperity and development.
FPCCI Chief, Muhammad Adrees 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 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.
Adrees 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 Iftikhar Ali Malik who is also Chairman United Business Group, the largest alliance of traders in the country told APP that recent better rating of Pakistan in international market by Moody speaks of viable economic, monetary policies and good governance being pursued by the Prime Minister Muhammad Nawaz Sharif.
He said that Federal Finance Minister Senator, Muhammad Ishaq Dar gave categorical assurance to him that all genuine problems being confronted by the business community will addressed on 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 also 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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