Pakistan would have to create maximum job opportunities to overcome the issues of brain drain and unemployment, the LCCI acting President Khawaja Khawar Rashid and Vice President Zeshan Khalil, said. They said that Pakistan can overcome unemployment through industrial expansion, improvement in ranking of ease in doing business and public-private partnership.
"The rising cost of doing business is hindering the growth of all sectors of economy, Pakistani merchandise are best of the best in the world but fast losing their due place in the international market because of high input cost in Pakistan," they said. They maintained that the country faced manifold economic challenges last year including decline in exports as well as foreign direct investment, inefficiency of public sector entities but these challenges can be coped through meaningful partnership. They said the government would have to focus on agriculture, manufacturing sector, education, water, human resource, minerals, public health, tax collection system and vice of corruption to get rid of economic worries.
They said the country's population is growing at the rate of 2.10 percent every year and if this trend continues for next two decades, population would cross the mark of 240 million. They said that Pakistan needs to increase the yield per acre on steady pace, therefore, the government should plan to bring about 9 million hectors of fertile land under cultivation which is remained useless just because of shortage of water. They also called for revival of Engineering Development Board (EDB) and other public sector enterprises.
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