Economy (President underscore the important role of business community)

Islamabad: President Mamnoon Hussain has underscored the important role of the business community and entrepreneurs in the ongoing economic turnaround of the country and called upon them to step up efforts and complement government’s initiatives to fully exploit the Geo-strategic location of the country.

He urged them to take benefit from the trade concessions offered to the country and the liberal incentive packages being offered by the government to attract foreign and domestic investment in diverse fields.

The President was speaking to a delegation of Pak – Saudi Joint Chamber of Commerce and Industry (PSJCCI) that called on him at the Aiwan-e-Sadr on Friday.

The delegation of PSJCCI led by its President Mian Mehmood included Mian Muhammad Hanif, Senior Vice President, Mr. Nauman K.Dar, Vice President, Mr. Sardar Tanveer Ilyas Khan, Vice President, Mr. Khalid Firoz, Vice President, Mr. Muhammad Ajaz Malik, Founder Director & Dir. Finance, Mian Muhammad Ahmad, Founder Director, Mian Waqar Aziz, Founder Director and Mr. Adnan Ahmad, Assistant Secretary General.

The President congratulated the first cabinet of the Pak – Saudi Joint Chamber of Commerce and Industry since its establishment in November last year and expressed hope that PSJCCI would play an important role to further augment Pak- Saudi trade and investment ties and exploring new avenues of trade between the two countries.

The Chamber would help bring the chambers of commerce and industry of the two countries further closer, the President said and urged office bearers of the Chamber to focus on increasing Pakistan’s exports to Saudi Arabia as the Kingdom was amongst the top 10 major export destinations of Pakistan.

Commenting on various challenges confronting the business community, the President said that the government was fully alive to the problems and concerns of the businessmen and all possible steps are being taken to provide an enabling and conducive environment for trade and investment in the country.

Referring to the recent turnaround of the economy, the President said that due to corrective measures and policies of the government , economic indicators are showing positive signs and the confidence of both domestic and foreign investors to invest in Pakistan is also being restored.

The President said that the government was receptive to the invaluable suggestions of the business community and urged them to come forward and share their ideas and suggestions with the Government for economic growth and stability.

President PSJCCI, Mian Mehmood apprised the President about establishment , objectives and achievements of the Pak-Saudi Joint Chamber of Commerce & Industry and said that the Chamber has been established with the sole objective to increase bilateral trade and commerce between the two brotherly countries through enhanced interaction and cooperation of the business communities.

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