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Wednesday, May 18, 2022
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ICCI urges govt to consult private sector on economy

President Islamabad Chamber of Commerce and Industry (ICCI) on Thursday urged the government to engage the private sector in the consultation process and make policies after getting their input to steer the economy out of current challenges.

He also assured Prime Minister Shehbaz Sharif that the business community would fully support the government in its endeavors to make Pakistan a progressive and prosperous country. President ICCI Muhammad Shakeel Munir also congratulated Shehbaz Sharif on being elected as Prime Minister and expressed best wishes for him.

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He said that Shahbaz Sharif was an accomplished businessman and was well aware of the key issues of the business community that needed urgent remedial measures to improve the economy.

He urged the new government to initiate reforms process on priority basis to revive the economy. He said that there was a great need to further promote the ease of doing business to boost industrialization and exports. He highlighted many challenges being faced by the economy including depreciation of rupee, rising debt burden, high interest rates, surging inflation, falling foreign exchange, high energy cost and rising circular debt that needed priority attention of the government to address them. He urged the government to take strong measures to facilitate the private sector so that it could grow fast and play more effective role in the economic development of the country.

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