Govt committed to facilitate business community: Fehmida Kausar

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Central Vice President and former Vice President FPCCI, Fehmida Kausar Jamali has said ensuring ease of doing business are the foremost priorities of the government.

In a statement, Fehmida said “The present political setup in the country was people-centric and its socio-economic agenda was aimed at economic benefits to the people despite big challenges”.

The PTI leader said that Pakistan was offering petroleum products at the lowest rate as compared to the South Asia countries. She said that the government has to calculate the price mechanism with due procedures and it was a difficult decision, adding that the masses would get revised POL prices soon.

She said that the government was trying to focus on boosting Pakistan’s industrial capacity through joint ventures in priority areas, relocation of labor-intensive export-led industry, SMEs collaboration and enhancement of vocational training capacity.

“The Incumbent government is determined to establish four special economic zones (SEZs) in all provinces which were ignored in past regimes,” she added.

Fehmida urged the trade bodies especially based in Balochistan to come up with a three-year roadmap for industrialization and export sector strategy before the Ministry of Planning Commission and Commerce division; only bashing was not a solution.

She further said “China is progressing by adopting long-term strategies. Now must focusing on adopting the same approach,” she added.

“We all know US$19 billion of current account deficit was the biggest challenge at the time of the incumbent government came in power, however, the efforts of the economic team in the stabilization of economy is still required more initiatives i.e strengthening PKR currency which is currently a huge markup on our debts in the shape of depreciation”, she added.

The government was committed to resolves all the major issues of small businesses to provide them a better business environment in the current challenging situation of COID-19 pandemic, she added. The PTI leader said that the government will not permit businesses to go bankrupt on a cash flow basis.