Aye­sha Ghous lauds LCCI work on ease of do­ing busi­ness

The Pak Banker - - NATIONAL -

Pun­jab Fi­nance Min­is­ter Dr. Aye­sha Ghous Pasha has lauded ef­forts of the La­hore Cham­ber of Com­merce & In­dus­try for pre­par­ing a re­form agenda in re­spect of Ease of Do­ing Busi­ness in Pak­istan.

While talk­ing to the LCCI Se­nior Vice Pres­i­dent Al­mas Hy­der here at her of­fice, Dr. Aye­sha Ghous Pasha said that the La­hore Cham­ber of Com­merce & In­dus­try is sup­ple­ment­ing the govern­ment ef­forts aimed at eco­nomic re­vival of the coun­try. She said that govern­ment of Pun­jab, in col­lab­o­ra­tion with World Bank, is in the process of mak­ing eco­nomic re­forms in the prov­ince.

Pro­vin­cial Min­is­ter also threw light on the eco­nomic growth of the coun­try and shared many eco­nomic mile­stones achieved by the Pun­jab govern­ment. She in­formed the LCCI Se­nior Vice Pres­i­dent that be­cause of un­tir­ing ef­forts of the Pun­jab govern­ment, prov­ince is rapidly turn­ing into a hub of the in­vest­ment, trade and eco­nomic ac­tiv­i­ties and be­came top pri­or­ity of the for­eign in­vestors.

The LCCI Se­nior Vice Pres­i­dent Al­mas Hy­der said that the ob­jec­tive of pre­par­ing re­port on ease of do­ing busi­ness in Pak­istan is to iden­tify the hur­dles com­ing in the way of busi­nesses and to sug­gest fea­si­ble so­lu­tions to the govern­ment. He said that the eco­nomic sig­nals are not as good as be­ing por­trayed. A re­cent re­port has re­vealed that Pak­istan has fur­ther slipped down as far as ease of do­ing busi­ness is con­cerned.

He said that cost of do­ing busi­ness is one of the ma­jor hur­dles ham­per­ing the growth of all sec­tors of econ­omy whether it is man­u­fac­tur­ing or agri­cul­ture. He said that Pak­istani mer­chan­dise are best of the best in the world but fast los­ing their due place in the in­ter­na­tional mar­ket be­cause of high in­put cost in Pak­istan. He said that pro­pos­als would also be in­cor­po­rated in the LCCI re­port on "Do­ing Busi­ness in Pak­istan" as to how costs could be cur­tailed in Pak­istan with­out any loss to the rev­enue.

The LCCI Se­nior Vice Pres­i­dent said that very ob­jec­tive of the LCCI ini­tia­tive is to give help­ing hand to the govern­ment to ex­pe­dite eco­nomic up­lift of the coun­try. He said that the re­port would be pre­pared af­ter due con­sul­ta­tion of the econ­o­mists, tech­nocrats and ex­perts.

Al­mas Hy­der in­vited the at­ten­tion of the govern­ment to­wards de­plet­ing wa­ter re­sources that could put the coun­try's growth at stake in the com­ing years. He said that govern­ment should fo­cus on wa­ter and en­ergy is­sues on pri­or­ity ba­sis and al­lo­cate as much as pos­si­ble funds for wa­ter reser­voirs to en­sure wa­ter avail­abil­ity for the agri­cul­ture sec­tor and to gen­er­ate cheap hy­del power. He said that all sec­tors of econ­omy would be cov­ered in the LCCI re­port on "Do­ing Busi­ness in Pak­istan".

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