The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has prepared a policy document, suggesting ways and means for revival of the economy as well as enhancing exports.
The FPCCI is going to present this document to political leaders, including Prime Minister Nawaz Sharif, Asif Ali Zardari and Imran Khan, for a (general) consensus.
Expressing concern over prevailing economic conditions, rising unemployment and poverty in the country, FPCCI’s Acting President Shaukat Ahmad said: “We are well aware of (the) miseries of the common man and know that poverty has reached a point where it may even be harmful for the state.”
“Deteriorating law and order situation, growing terrorism, criminal activities, ethnic and sectarian tensions are the off-shoots of growing poverty and economic miseries of the common man. Under these circumstances, accelerated investment is badly needed to resolve these issues. The present fiscal deficit and saving-investment gap have reduced our ability to invest in mega infrastructure projects,” he said.
“Under this situation, foreign direct investment is the only way out, though it depends on political stability and certain economic environment in the country,” he added.