ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) on Thursday has proposed the government to adopt a strategic approach to find solution of aggravating problems by engaging private sector in a dialogue process and holding a Businessmen Conference on the key issues.
"A Businessperson Council was formed almost couple of years ago by the government to get the input of businessmen on different sectors to resolve problems but the council is not actively working", said Mahfooz Elahi President of ICCI while chairing a meeting of Economic Committee.
The ICCI president proposed that the Prime Minister should call a Businessmen Conference inviting representatives of the business community from all provinces to discuss key issues and get proposals for overcoming these challenges.
He was of the view that strong alliance of the government with the private sector could bring good results and help in preparing a road map for economic recovery.
Elahi said that in the current feeble economic situation, the business community was ready to shoulder the government to overcome the economic turmoil, he maintained.
Elahi said that business community can help the government in increasing tax revenues through rationalization of taxes.
"On RGST issue mechanism of implementation must be discussed thoroughly with the business community to remove confusions", he added.
He said that negative trend in economic growth was as a result of lack of local and foreign investments. Persistent problem of shortage of electricity and gas, increase in cost of doing business were the main causes of low trend in business in the country.
The government should take appropriate measures to stop this trend and hold a Businessmen Conference to deliberate such issues to prepare a national economic reform policy with public and private consensus.
Mahfooz Elahi said that by involving businessmen and government representatives Core Groups in taxation, energy and corruption should be formed to find the solution for increasing tax base, developing energy resources.
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