Govt to offer relief in new trade policy for economic growth

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Federal Minister for Commerce Khurram Dastgir on Saturday said the federal government would offer relief package to business community through a new trade policy for accelerating the pace of economic growth in the country.

Speaking as chief guest at a luncheon hosted by United Business Group and Gujranwala Chamber of Commerce and Industry, he said on the special directive of Prime Minister Nawaz Sharif, a number of new power plants were being commissioned in different parts of the country on war-footings to meet the ever increasing energy needs of the business community.

He said inflation rate was reduced to 2.5 per cent from January last till date due to sincere efforts and prudent economic policies being pursued by the federal government. He said 46 billion dollar huge investment by China in different sectors, especially in power would also step up economic activities.

He said in new trade policies, all stakeholders would be taken into confidence including Vice President SAARC Chamber and Chairman United Business Group Iftikhar Ali Malik and Federation of Pakistan Chamber of Commerce and Industry. He said it was first time in the history that private sector was being accorded priority in all policy formulation process.

Dastgir said that recommendations and proposals of the PFCCI would be given importance while framing and finalization of new trade policy. He said overhead in city had also been completed and made functional while a medical college had also been established by the PML government.

Speaking on the occasion, Chief Executive Trade Development Authority Pakistan SM Munir said that the authority would facilitate all desirous exporters for holding single country expo the world over. He said the authority would leave no stone unturned to promote and encourage Pak exporters in taking part in expo in foreign countries.

Addressing the participants, Vice President SAARC Chamber and Chairman United Business Group Iftikhar Ali Malik said that the entire business community pinned high hopes on the elected government of Pakistan Muslim League led by Prime Minister Nawaz Sharif. He said for the first time, Prime Minister Nawaz Sharif had given more than 50 per cent representation to private sector in high level advisory committee of the Planning Commission chaired by him.

FPCCI President Muhammad Adrees said that all affiliated chambers were being taken into confidence while framing recommendations to be forwarded to different ministries and their problems were being highlighted at relevant forum for prompt solution.

President Gujranwala Chamber Khawaja Khalid Hassan and other trade leaders also spoke on the occasion. Vice President of FPCCI Hameed Akhtar Chadda, Khawaja Zarrar, Zubair Tufail and others were present on the occasion besides a large number of city traders and chamber office-bearers.