Promoting Industries Only Way To Improve Economy: P Resident FPCCI
Fahad Shabbir (@FahadShabbir) Published May 25, 2022 | 07:57 PM
President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Irfan Iqbal Sheikh said that the only way to improve country's economy was to promote industries
HYDERABAD, (UrduPoint / Pakistan Point News - 25th May, 2022 ) :President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Irfan Iqbal Sheikh said that the only way to improve country's economy was to promote industries.
He expressed these views while addressing traders at the Secretariat of Hyderabad Chamber of Small Traders and Small Industries (HCSTSI) on Wednesday.
The FPCCI President along with Chairman Businessmen Panel Mian Anjum Nisar visited the Chamber Secretariat at the invitation of President HCSTSI Muhammad Altaf Memon.
Sheikh said that he had presented a proposal of fixed income tax for small traders to Finance Minister Miftah Ismail which will be approved in the next budget.
He said the energy crisis were expected to be improved only after June 30, as the government and IMF negotiations were underway.
Addressing the traders, Chairman Businessmen Panel Mian Anjum Nisar said that Pakistan's economy could not be restored without promoting industry.
There should be more industry in Hyderabad for which talks were underway with the government to get cheap land, Mian Anjum said.
He said that the population of Pakistan was increasing by 5 million people per year for which more employment opportunities and other facilities were also required.
Earlier, in his welcome address, Altaf Memon said that the federation should raise its voice at the government level to rein in the FBR and also work for uninterrupted supply of gas and energy to small traders.
He also emphasized the need for setting up of media by the FPCCI.
On the occasion, the patron of Small Chamber and the Vice President of Federation, Haji Muhammad Yaqoob thanked all the distinguished guests for visiting the Small Chamber.
Senior Vice President Muhammad Idrees Memon, Vice President Masroor Iqbal, Saleemuddin Qureshi, Daulat Ram Lohana, Muhammad Akram Ansari, Member Sindh Assembly Nadeem Ahmed Siddiqui and other business leaders were present on the occasion.
Related Topics
Recent Stories
Rock-solid Ruud racks up season-leading win in Barcelona
At UN, Iran says it will make Israel 'regret' reprisals
G7 hears calls for 'critical' Ukraine aid
EU seeks to leverage might to confront China, US challenge
5 Customs officials martyred as their vehicle ambushed by terrorists in D I Khan
Pak-New Zealand match called off due to rain
NHA restores traffic on roads affected by recent rains in Balochistan
China to fully support Pakistan's efforts against terrorism: Ambassador Jiang
U.S. envoy calls on Foreign Minister Ishaq Dar
Poland arrests man over suspected plan to kill Zelensky
EU wants to ease youth movement to and from UK
Police foils attempt of supply mainpuri raw material
More Stories From Business
-
Pakistan's total liquid foreign reserves reach $ 13.37 billion
10 hours ago -
Stock markets rise as traders consider US rate outlook
11 hours ago -
Business community alarmed by alleged Cigarette tax violations
11 hours ago -
High FED on cigarettes demonstrates positive impact
11 hours ago -
PTCL posts 14 % revenue growth
11 hours ago -
Prudent policies, reforms poised to result in sustainable economic growth: Governor State Bank of Pa ..
12 hours ago
-
ICCI resolute to turn Islamabad an ecofriendly city: Khalid Malik
12 hours ago -
Beijing's GDP up 6 pct in Q1
14 hours ago -
China's Q1 goods, services trade surplus exceeds 60 bln USD
14 hours ago -
Pakistan Stock Exchange (PSX) loses 43 points
14 hours ago -
KP Govt decides to establish Gem Processing & Export Centre
14 hours ago -
Rupee sheds 04 paisa against dollar
14 hours ago