Political stability is a pre-requisite for economic stability: ICCI

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Islamabad Chamber of Commerce and Industry (ICCI) President Zafar Bakhtawari said political stability is a pre-requisite for economic growth and development of the country. “There should have been plan for practicing good governance for sustaining and maintaining a sound political and socio-economic system in the country,” said Zafar Bakhtawari during a meeting with Tariq Fazal Chaudhary of PML-N on Wednesday. Zafar Bakhtawari informed the newly elected MNA about various problems faced by business community and highlighted the problem of balanced rent control because non-existence of a balanced rent law in the federal capital was the main cause of rising rent disputes between tenants and landlords. He urged the leaders of all the political parties to help strengthen democratic system in the national interest, adding that political stability was a key factor for economic development and restoring confidence of foreign and local investors. Speaking on the occasion, Tariq Fazal Chaudhary said his party would launch development projects throughout the country as the PML-N leadership had already delivered various development projects to the masses in the past and it would continue its struggle to make the country prosperous.