Govt should relax rules on business timings: HCCI chief

HYDERABAD: Adeel Siddiqui, President Hyderabad Chamber of Commerce & Industry has urged the Sindh government to lift restriction on business timings immediately.

In a statement issued here on Thursday, he said that traders were following restriction schedule of Sindh government but if restriction on business timings were not lifted then government would not be able to meet its revenue collection targets.

HCCI chief further said that oil prices have declined in international market now and this would make balance of payment easier. He said that due to water shortage in river system hydropower plants were not functioning. He said these power plants would however now start producing electricity and this would cover the gap in demand and supply of electricity.

Adeel Siddiqui urged the government to facilitate business community so that the country could progress. Siddiqui appealed to the prime minister and Sindh chief minister to lift restriction on business timings so that businessmen could work comfortably. He said that it was also necessary for economic stability that government should increase exports and encourage foreign investment in private sector.

HCCI chief said government should remove all sorts of hurdles in foreign investment so that employment opportunities could be created. He said that this would lead to more revenue generation and it would have positive impact on economy.

He said economic and political instability, rupee devaluation and increased interest rate had affected overall business environment. He said businessmen need facilitation in business and access to business and export financing that would increase exports to get more foreign exchange.

Copyright Business Recorder, 2022