Traders laud eco­nomic vi­sion of COAS Gen Ba­jwa

Daily Messenger - - Biz -

ISLAMABAD: Islamabad Cham­ber of Small Traders on Thurs­day lauded the eco­nomic vi­sion of the Chief of Army Staff (COAS) Qa­mar Javed Ba­jwa and lauded his com­mit­ment to Keep Karachi, the back­bone of the econ­omy, safe from el­e­ments cre­at­ing un­cer­tainty.

The Army is not only dis­charg­ing its du­ties in a very pro­fes­sional man­ner but also keep­ing an eye on the eco­nomic de­vel­op­ments in the coun­try which is en­cour­ag­ing, it said.

Gen. Ba­jwa has rightly ob­served that growth has picked up but with sky­high debt, while the cur­rent ac­count bal­ance is alarm­ing, said Pa­tron Islamabad Cham­ber of Small Traders Shahid Rasheed Butt.

He said that Army Chief has stressed the need to widen the tax base, bring in fis­cal dis­ci­pline and in­tro­duce con­ti­nu­ity in the eco­nomic poli­cies with­out which in­vest­ment would be dif­fi­cult.

The busi­ness com­mu­nity fully un­der­stands the problems of the coun­try and re­alise that the cur­rent tax base is un­sus­tain­able there­fore it must be ex­panded im­me­di­ately, he added.

Shahid Rasheed Butt also lauded the role of COAS and chiefs of other forces who are fully back- ing the CPEC which would en­sure its timely com­ple­tion. The US, In­dia and some other na­tions are against the eco­nomic cor­ri­dor which is very im­por­tant for the fu­ture of Pak­istan and our lead­ers have justly dis­missed ap­pre­hen­sions of dif­fer­ent coun­tries over the project.

Na­tional se­cu­rity and econ­omy were in­ter­linked while the coun­try can be­come a sta­ble state only if the tax net in broad­ened.

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