Ghazanfar Bilour calls for framing business and trade friendly policies
\n PESHAWAR
\nBusinessman Forum leader Ghazanfar Bilour has expressed serious concerns over the rapid economic meltdown and feared the government\u2019s stringent measures would bring further devastation and deterioration.
\nA statement issued here on Monday, Ghazanfar Bilour gave a heavyweight behind remarks of Patron in Chief of the United Business Group S.M Tanveer about the current state of economy, calling his stance a true reflection of facts on the ground.
\nThe BF leader said S.M Tanveer during a press conference, has presented a true picture of the country\u2019s economy.
\nHe urged the government and relevant institutions to take the figures and indications, he (S.M Tanveer) mentioned, must be taken into account seriously.
\nGhazanfar Bilour stated cosmetic steps cannot put the economy on sustainable growth.
\nA sharp decline in industries and business growth is being witnessed over the past many years, he remarked.
\nKP businessmen are currently in a state of great trauma and shock under the prevailing circumstances, Mr Bilour remarked while referring to the prolonged border and transit trade routes closure.
\nBF leader furthermore, said export is consistently stagnated whereas current account deficit is gradually growing up.
\nGhazanfar Bilour attributed the high power, gas tariff, unjust and unlash taxes, and current interest rate as the major cause and factors of the prevalent slowdown in economic and commercial activities.
\nHe expressed resentment over passage of Companies Amendment Act through parliament, stating corporate social responsibilities tax has been imposed under this legislation, fearing the move will lead the business and trade activities to further sluggishness.
\nThe BF leader made it clear that investment would come in Pakistan only when established industry and business should be incentivized.
\nGhazanfar Bilour said the business community is ready to extend any support to stabilize and strengthen the economy.
\nBut, he stressed it is also crucial to revisit the policies and make them business and trade-friendly.
\nThe BF leader called for freeing the country\u2019s economy from pressure from the IMF.
\nSo, he emphasized it is a dire need of hour to take concrete steps to open new avenues of investment and create job opportunities.
\nThe BF leader lauded the efforts of the Special Investment Facilitation Council (SIFC) for creating an enabling environment for investment, businesses and trade.
\nMr Bilour called upon the government and relevant institutions to take chambers and business leaders, community on board before framing economic policies and taking initiatives so that they will produce tangible results and put the economy on a path of sustainable growth and prosperity.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ghazanfar Bilour calls for framing business and trade friendly policies PESHAWAR Businessman Forum leader Ghazanfar Bilour has expressed serious concerns over the rapid economic meltdown and feared the government\u2019s stringent measures would bring further devastation and deterioration. A statement issued here on Monday, Ghazanfar Bilour gave a heavyweight behind remarks of Patron in Chief of […]<\/p>\n","protected":false},"author":2,"featured_media":527916,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-527904","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n