Business leader acknowledges importance of fiscal adjustments

Senior business leader Mian Anjum Nisar acknowledging that fiscal adjustments were necessary to put the national economy back on the rails and stressed the need to encourage the manufacturing sector, which held the capability to contribute at least 30% to the national gross domestic product.

Mian Nisar, in a statement in Karachi said measures focused on long-term recovery would be required to overcome the financial challenges faced by the country.

He said that we support the prime minister's asset declaration scheme and do agree that documentation of economy is vital for the country's progress and tax evaders must be brought under due course of law.

The Chairman of Businessmen Panel of Federation of Pakistan Chambers of Commerce and Industry, said businessmen also did hope that the Pakistan Tehreek-e-Insaf government would address their genuine grievances.

The senior business leader was of the opinion that concerted efforts at every level were required to get materialized the concept of "Made in Pakistan" and help promote local industry leading towards value elevation of Pakistani rupee.

Source: Radio Pakistan