The Pakistan Economy Watch (PEW) on Sunday said Pakistan Business Council (PBC) should have representation of medium and small businesses to allay feaars of the business community PBC comprises of super rich business tycoons enjoying influence in political circles that have raised concerns among the already distressed business community, it said.
Many business leaders fear that the influence of country's leading businessmen can result in a compromise over their interests among those who matter, said Dr Murtaza Mughal, President PEW.
Therefore, he added, the trading community feels formation of PBC was contrary to the interests of those who own small and medium sized businesses. He said that many trade leaders have alleged that there could be a distance between cited objectives of the PBC and their real intentions.
Office-bearers as well as members of the PBC were already part of most influential groupings in Pakistan. Establishing another association is something the businessmen are unable to digest, he said.
Dr Murtaza Mughal said that is generally conceived that PBC has been formed to get hold of some of the national industrial assets in the name of the ongoing controversial privatisation.
Comments
Comments are closed for this article.