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Corono virus: RCCI urges govt to announce special economic aid package

Corono virus: RCCI urges govt to announce special economic aid package

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) urged government to announce special economic aid package in purview of corona virus threat.

“We are looking forward for a significant fiscal stimulus package to help stock market, Pak rupee, wedding halls, pharma, SMEs and sectors mainly linked with tourism”

Addressing executive committee meeting at Chamber house, president RCCI Saboor Malik said traders area ready to support Government in tackling this epidemic and have taken many measures on awareness on Corona Virus under its Corporate Social Responsibility (CSR). Chamber has organized an awareness session on Corona Virus for its members, staff and we are extensively using all platforms including social media to educate people to take precautionary measures against Corona Virus. The Chamber also distributed free masks to visitors and masses at chamber premises, he added.

He asked Governor state bank, Raza Baqir, to take immediate action to support financial markets in the face of the coronavirus pandemic, which has led to a sell-off in the country’s bonds.

He also demanded that FBR should revise its revenue targets as under current situation with low economic activity it is almost impossible to meet the fiscal year revenue targets.

He suggested that the benefits of low oil prices in the global market must be passed on directly to the industry, immediately, this will help government on lowering inflation rate. Power and gas prices should also be reduced.