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FPCCI terms PM reforms to restructure the economy highly encouraging

FPCCI terms PM reforms to restructure the economy highly encouraging

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday termed the moves of the Prime Minister highly encouraging for the business community which is infusing confidence in them.

Addressing an award ceremony organised by the FPCCI, the Prime Minister has vowed to introduce fundamental reforms to restructure the economy and strengthen the domestic industry, said Atif Ikram Sheikh, Vice President FPCCI.

The PM has also assured that the industry and exports which are the backbone of trade and commerce in any country which would be facilitated while electricity and gas would be provided at competitive rates, he added.

Atif Ikram Sheikh said that the prime minister has repeatedly promised to reduce the cost of doing business, improve the taxation system and remove bottlenecks which are imperatives for the national development, he added.

He that the government has planned to give a boost to small and medium enterprises and facilitate the exports industry for wealth creation and profitability which is the only way forward.

The business leader said that the PM has also promised the business community a better investment environment and promotion of wealth culture in the country to provide the opportunities to the investors.

The prime minister has rightly emphasized that the menace of poverty could not be overcome without wealth creation because when the money is earned, its trickledown effect reaches even the lowest segment of society.

Changing the mentality of bureaucrats towards the entrepreneurs and businesses would be the great achievement of PM Khan as country’s future is tied to it, said Sheikh.