Rural development must for economic growth: ICCI
ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has urged the government to pay special attention to rural development as it is necessary for the country's economic growth. Mahfooz Elahi, president ICCI was addressing a meeting here on Monday.
He said the rural sector consists of large proportion of total population of the country, which has very small access to basic necessities of life like health care, better education, transportation, communication facilities, safe and clear drinking water and electricity etc.
Citing the example of China, he said it had shifted its focus on rural development by allocating a huge amount in the annual budget.
He said that reforms are needed to be brought for rural development for enhancing the living standards of the people, along with skill development for providing jobs to a large segment of people living in these areas.
Mahfooz Elahi said that Sustainable rural microfinance program is required for local enterprise development and training centers can be established for imparting different skills to produce skillful labor.
These microfinance institutions should offer both savings and credit services to rural area inhabitants so that they can mobilize their own resources more efficiently.
He said that Village Skills Development Program should be demand-driven to focus mainly on traditional crafts making at the village level to enhance earning potential of the local communities.
The ICCI president said that new farming techniques should be introduced with the help of foreign experts. He said that per acre yield in Pakistan is much below than other countries, which is required to be enhanced to meet the needs of the growing population.
He said that Pakistan mostly depend on an agrobased economy, therefore we should pay more attention on research by developing new variety of agriculture produce rather than concentrating only on traditional agriculture items.
He said that by developing new crops and having variety of agriculture products, the country can enhance its exports considerably which at present is much below than the existing potential. -App