FPCCI calls for making transactions in local currency
Federation of Pakistan Chamber of Commerce and I ndustry ( FPCCI), President Daroo Khan urged the business community to show nationalist approach and proposed that they should make transactions in local rupee instead of the US dollar for stabilizing the local currency.
To stop the currency crisis in the country, the government must take on board the business community for consultation and evolve strategy to end the crisis, he told APP here on Tuesday.
He said the people must do their business in l ocal currency and transaction through local banks to stabilize the local currency for economic stability in the country.
He said the electronic and print media should start awareness campaign in this regard to guide the public.
Replying to a question, Daroo Khan said, "We must observe the same currency crisis few months back in Turkey, when the government and people of Turkey met this challenge with spirit and patriotism by buying more and more local currency."
He said t he people must not believe in propaganda and speculation and adopt the legal way of currency t ransaction and businesses for rupee stability.
The FPCCI president said the government was promoting ease of doing business f or r educing t he cost of doing business and to flouri sh more new businesses and investments for the economic stability and growth in the country.
Replying to another question, he said for reducing the trade deficit and to resolve the issue of balance of payment, "We need to avoid unnecessary import in the country."
He said instead of being brand consciousness, "We need to promote the culture of buying local made products to boost growth of local industry and to increase job opportunities in the country."
Daroo Khan said the FPCCI had given budget proposals to the government, where "We are more concerned about the low cost of doing business," adding, "The government assured us to resolve the issue of local industry."
Moreover, Federation of Pakistan Chambers of Commerce and I ndustry ( FPCCI) President Engr. Daroo Khan Achakzai and other top leaders have praised the decision of National Accountability Bureau ( NAB) Chairman Justice ® Javed Iqbal that businessmen will not be summoned to NAB offices.
They also lauded the establishment of a complaint cell headed by a Director at the NAB Headquarters and i ssuing directions to all t he Regional Heads of the anti- corruption watchdog to address
complaints of business community within 48 hours, said a FPCCI statement, here on Tuesday.
The top FPCCI leadership said that the NAB's new policy would boost the morale of the business community who in spite of many odds and multi- faceted challenges had been making their best efforts and contribution to t he national economy.
They also requested the NAB chairman to withdraw all t he notices and references pending in courts against traders and industrialists.