Pres­i­dent urges traders, in­dus­tri­al­ists to help aug­ment ex­ports

The Pak Banker - - NATIONAL -

Pres­i­dent Mam­noon Hus­sain has said that busi­ness and in­dus­tri­al­ist com­mu­nity should strive to pave the way for eco­nomic pros­per­ity and up­lift­ing the stan­dard of life of the peo­ple adding that the in­vestors should cap­i­tal­ize from the lu­cra­tive eco­nomic poli­cies of the govern­ment and play their part in rais­ing the vol­ume of ex­ports.

The Pres­i­dent said this while ad­dress­ing a cer­e­mony of La­hore Cham­ber of Com­merce and In­dus­try at the Ai­wan-i-Sadr, Is­lam­abad. Fed­eral Min­is­ter for com­merce Engr. Khur­ram Dast­gir, Gov­er­nor Pun­jab Muham­mad Rafique Ra­jwana and a large num­ber of di­plo­mats also at­tended the cer­e­mony.

The Pres­i­dent said that con­flicts in the re­gion and ter­ror­ism had desta­bi­lized our econ­omy but now the sit­u­a­tion has changed as the back­bone of the ter­ror­ists has been bro­ken, peace is restor­ing and re­sul­tantly busi­ness ac­tiv­i­ties are pick­ing up across the coun­try and con­fi­dence of the in­vestors is boost­ing up. The Pres­i­dent stated that turn­around in the na­tional econ­omy is also be­ing ac­knowl­edged by the in­ter­na­tional fi­nan­cial in­sti­tu­tions. "Pak­istan is the only coun­try in the re­gion that of­fers in­vest­ment friendly laws un­der which for­eign in­sti­tu­tions and in­di­vid­u­als can in­vest with hun­dred per­cent equity and can reap prof­its with­out any im­ped­i­ment", re­marked the Pres­i­dent.

Pres­i­dent Mam­noon Hus­sain un­der­scored that trade, like the other fields of life, war­rants for­mu­lat­ing strate­gies in the light of chang­ing global sce­nar­ios so that busi­ness can flour­ish smoothly. It is high time to di­ver­sify our trad­ing part­ners so that our com­modi­ties can reach the ne­glected re­gions of the world adding that we need to pay spe­cial at­ten­tion to the fast grow­ing economies of Africa, Cen­tral Asia and Far East.

On the oc­ca­sion, the Pres­i­dent urged the busi­ness com­mu­nity and in­dus­tri­al­ists to ex­plore new mar­kets for en­hanc­ing ex­ports along with the tra­di­tional mar­kets and come for­ward in sup­port of eco­nomic poli­cies pur­sued by the govern­ment adding that the rise in the vol­ume of ex­port in­vari­ably will ren­der high profit mar­gin for the busi­ness com­mu­nity. The Pres­i­dent said that China-Pak­istan Eco­nomic Cor­ri­dor (CPEC) will open new op­por­tu­ni­ties and traders and in­dus­tri­al­ists should ben­e­fit from them.

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