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Govt to provide favorable environment for private sector in SEZs: Zubair Gilani

Govt to provide favorable environment for private sector in SEZs: Zubair Gilani

RAWALPINDI: Chairman Board of Investment (BOI) Syed Zubair Gilani has said Government is committed to provide facilitation and favorable environment for private sector in special economic zones.

The government’s role is to regulate & provide meaningful oversight and assistance while it is the job of the private sector to sort out the market issues more efficiently with the mutual goal of ensuring socio-economic development in Pakistan.

Addressing an event titled “Gala Night” organized by the Rawalpindi Chamber of Commerce and Industry (RCCI), Chairman Zubair Gilani said that the problems of the domestic economy are decades old. It is not easy to change the basic economic structure. Structural reforms have been introduced and their effects are not immediately apparent. With the passage of time, the economic indicators will show upwards trend. Export figures have improved and inflation has begun to decline.

He said that the role of Rawalpindi Chamber in promoting business activities is exemplary. It is a pleasure to provide entertainment opportunities under Corporate Social Responsibility (CSR). Such events help promoting business activities.

Speaking on the occasion, President Chamber Saboor Malik said that the Chamber organizes various events and activities for its members and business community to promote business activities and networking.

He said that the Chamber is also conducting trade exhibitions and business conferences internationally at several countries including USA, UK, European countries, Turkey, Malaysia, Afghanistan, Sri Lanka as well as at the local level, Rawal Expo, James & Jewelry and IT Expo. Speaking on the occasion, group leader Sohail Altaf said that interest rates should be reduced immediately, the worst economic conditions have been seen. We are very optimistic about the economic progress if stakeholders were taken on board. He termed smuggling as another kind of virus which hampered Pakistan economic wheel and urged government to increase monitoring of airports, ports and checkpoints to curb