ISLAMABAD: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) has called for promoting industrialization and enhancing exports through lowering cost of production, paying early refunds to solve liquidity crunch and relaxing import policy for industrial raw material. The FPCCI former president and Businessmen Panel (BMP) Chairman Mian Anjum Nisar said that business community was facing tough challenges because of limited business. In this context, he sought attention of the government for formulation of regional, provincial and central level task force, and formulation of sector wise regional policies which would help the government address the problems confronted by exporters. He suggested that One Window Operation should be introduced for the replacing the lengthy procedures that involve interaction of manufacturers with various agencies. DNA
The government agencies were harassing the textile industry every day. Social Security, EOBI and other taxes should be merged and deducted at the source. Mian Anjum Nisar asked the government to appreciate the role of industry for its potential to harvest maximum benefits, providing mass employment to the jobless population of the country.
He also sought government’s attention for formulating aggressive marketing plan and hurdle-free policies as well as urgent decisions in favour of exports while taking on board major stakeholders. He called for concerted efforts for exploring new markets both traditional and non-traditional in order to introduce home made products. He urged the government to announce favorable policies and allow duty-free import of raw material and accessories.
This move will attract investors and help in setting up new industries in the country which will create wide opportunities for employment. We direly need a stimulus economic plan coupled with relief package by the government to maximize production. He also emphasized the need for seeking technical knowhow from China and other countries for the sake of innovation, and improvement of products.
