Business Community Playing Key Role In Economic Development: Syed Zafar Ali Shah

Mohammad Ali (@ChaudhryMAli88) Published May 22, 2018 | 08:30 PM

Senior PML-N leader and former Senator Syed Zafar Ali Shah said that the business community was playing key role in the economic development of the country and government should take strong measures to create enabling environment for better growth of business activities

ISLAMABAD, (UrduPoint / Pakistan Point News - 22nd May, 2018 ) :Senior PML-N leader and former Senator Syed Zafar Ali Shah said that the business community was playing key role in the economic development of the country and government should take strong measures to create enabling environment for better growth of business activities.

This was stated in a Iftar dinner in honor of Sheikh Amir Waheed President, Muhammad Naveed Malik Senior Vice President and Nisar Mirza Vice President, Islamabad Chamber of Commerce & Industry hosted at his residence, said a press release.

Zubair Ahmed Malik, Chairman Founder Group and a large number of local traders and industrialists also attended the Iftar dinner. He said that developed countries achieved fast economic growth by supporting and facilitating the private sector.

He urged that government should fully cooperate with private sector so that it could be able to put the country on path of sustainable economic growth.

He assured that he would highlight issues of local business community at every relevant forum for redress.

Sheikh Amir Waheed, President, Islamabad Chamber of Commerce & Industry in his address said that during the first nine months of current fiscal year, Pakistan's budget deficit has increased. He urged the government to take measures to overcome the rising budget deficit.

Waheed said that the best way to reduce budget and trade deficits was to strengthen the private sector as well as facilitate the smooth growth of business activities and exports. He stressed that the government should focus on resolving the key issues of exporters.

Waheed said billions of rupees of exporters were stuck up with FBR in refunds and urged that government should immediately release their withheld refunds so that they could feel facilitated in promoting exports of the country.