PIAF-Founders Alliance pledges to improve LCCI role
PIAF-Founders Alliance has pledged to make LCCI role more meaningful in the economic policy corridors and presented a seven-point formula to the government for economic revival of the country within shortest possible time.
While speaking at an impressive gathering of the business community on Tuesday, leaders of the PIAF-Founders Alliance said that the Lahore Chamber of Commerce & Industry has become the biggest platform of the business doing people. Its more effective role in the policy corridor would not only resolve the issues being faced by the trade & industry but would also bridge the gap between the business community and the government.
PIAF- Founders Alliance leaders Mian Anjum Nisar, Iftikhar Ali Malik, Mian Muhammad Ashraf, Syed Mohsin Raza Bukhari, Tariq Hameed, Sheikh Muhammad Asif, Shahid Hassan Sheikh, Farooq Iftikhar and nominated LCCI President for the year 2015-16 Sheikh Muhammad Arshad spoke on the occasion.
Alliance leaders Mian Anjum Nisar and Iftikhar Ali Malik said that the country was passing through a very difficult period in terms of economy while the political uncertainty has gripped the entire nation and to cope with the situation every segment of the society would have to play its role. They said that business community was ready for every sacrifice for making the country a hub of business and economic activities.
To deal with unemployment and infla- tion, they suggested, the government should immediately direct the State Bank of Pakistan to ensure availability of cheaper money to the trade and industry by lowering markup.
Elaborating his point, Mian Anjum Nisar and Iftikhar Ali Malik said that by bringing down the markup, the government actually would be expediting the process of industrialization in the country resultantly there would be more jobs for the unemployed youth while inflation would also come down with the improvement of supply chain of consumer goods.
Nominated LCCI president for the year 2015-16 Sheikh Muhammad Arshad said that by 2030 Pakistan will have reached 75% literacy rate. Focus from primary to secondary education will shift to technical and vocational training in rural areas and in the areas where mineral resources are found. He said that the technical training will be transformed through Chinese support in areas such as mining, power generation and processed food industries.
Sheikh Muhammad Arshad suggested that higher education must be more technical and instead of sending our students abroad and spending our foreign exchange in foreign education, local facilities in technical institutes must be established. He said that with more than 10 trillion dollars worth of natural resources Pakistan must concentrate for two decades on developing local technology for excavation of minerals such as copper, coal, iron, and gold. Transfer of technology can take place from China in mining must take place at rapid pace.