Economy heading in the right direction; reflects the confidence of business community: President

1/9/2021

PR. No. 136/2021

Islamabad: President Dr Arif Alvi has said that steps are being taken to improve the business environment of the country by providing various incentives and facilities to the business community. He added that the economy of the country was heading in the right direction that reflected the confidence of the business community in the economic policies of the Government. The President expressed these views while talking to a delegation of the Haripur Chamber of Commerce and Industry (HCCI), led by President HCCI, Mr Shahbaz Majeed Sheikh, that called on him, at Aiwan-e-Sadr, today.

           President HCCI, Mr Shahbaz Majeed Sheikh, apprised President Dr Arif Alvi about the role being played by the chamber in the economic development of the country. The delegation also briefed the President about certain problems being faced by HCCI. Talking to the delegation, the President said that the business community played a significant role in the economic development of the country and a number of steps had been taken to facilitate them, particularly during the COVID-19 pandemic. He added that the Government, despite tough financial constraints, had provided a financial stimulus package worth Rs. 1.2 trillion to protect the business community and underprivileged strata of society from the adverse impacts of the pandemic. The President highlighted that the country’s exports had also witnessed a significant surge which had reached $25.3 billion during the last fiscal year. He expressed satisfaction over the economic performance of the country, saying that the collection of Rs. 850 billion by FBR, exceeding the target by Rs. 160 billion, during the first two months of the current fiscal year was a testament that the economic health of the country was improving. He said that the Government was focusing on creating an optimum business environment and due to its efforts, Pakistan’s rank in the Ease of Doing Business Index had improved from 136th to 108th position.

           The President also appreciated the role of HCCI and the business community in the national development and assured them of all possible support to help address their problems.

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