ISLAMABAD: President of Islamabad Chamber of Commerce and Industry (ICCI) said that there are huge opportunities for foreign investors in various sectors of Pakistan's economy, including telecom, industry, agriculture and construction.

President ICCI Sardar Ilyas Khan said that there is no doubt that the Prime Minister of Pakistan wants to bring about economic improvement in the country. He said that the government has made petroleum products an important source of revenue collection, which does not seem a good approach. The increase in petrol and diesel prices would not only further increase the production cost but also be a burden on poor class.

He said that India's exports of IT products are 100 times higher than Pakistan's and even Bangladesh is ahead of Pakistan in IT exports and government should pay special attention to the IT sector to achieve sustainable development and foreign exchange.

The President ICCI said that the government should set up a new industrial zone as well as export processing zone near Islamabad Airport as it has easy access to the airport and motorway as the existing industrial areas in Islamabad have been completely filled, making it difficult for industrialists and investors to set up new industrial units.

He also appreciated the premier on extending the construction package for another six months to a year. The business community across the country demanded that the construction package be further expanded to boost business activities.-PR

Copyright Business Recorder, 2021