Islamabad: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday lauded the commitment of government towards social and economic development of the country.
President Mamnoon Hussain’s first 3-day state visit to China will go a long way in ensuring economic revival at a rapid pace and culmination of chronic energy crisis which has resulted in loss of Rs 2 trillion in past five years, said Vice President FPCCI Munawar Mughal.
He said this as head of a delegation of leading entrepreneurs at a dinner hosted in their honour by the President Mamnoon Hussain. Chairman of the Founder Group of ICCI Abdul Rauf, Mian Mehboob Elahi and Tariq Sadiq former President of ICCI were also present on the occasion.
Munawar Mughal said that the visit would help further cementing the already close and cordial cooperation between two countries taking time-tested friendship to new heights.
Chinese support in addressing our energy deficit by developing wind, solar, hydel and nuclear energy resources and construction of an economic corridor will go a long way in improving standard of living of masses by reducing poverty and generating job opportunities, he noted.
International, regional, economic, social, and strategic cooperation with Beijing must remain top priority of the government as Pakistan’s prosperity and future is tied to China, said Mughal.
Capitalism is malfunctioning while China has introduced a superior economic model with lower tax and regulatory burdens which must become a learning model for Pakistan, said Abdul Rauf.
Mehboob Ilahi and Tariq Sadiq lauded the government for deepening economic co-operation and strengthening people-to-people contacts between the two countries.
The delegation assured full cooperation in restoring investors’ confidence, better management of the national assets, deregulation, and much-awaited structural reforms.