ISLAMABAD – Federation of Pakistan Chambers of Commerce and Industry(FPCCI) here on Saturday lauded the Pakistan Tahreek-i-Insaaf (PTI) planfor decreasing taxes on energy supply facilities, agriculture sector andsaving state-owned companies from political interference.
The move will make businesses more competitive with regional countriesresulting in enhanced exports and employment opportunities, said seniorvice president of FPCCI, Sohail Hussain.
The plan of PTI’s economic managers to insulate state-owned enterprisesfrom political interference will help Pakistan save billions of dollars, headded.
He said that the bleeding state-owned corporations continue to inflictlosses to the tune of trillions of rupees which add to the budget deficit.
Malik Sohail said that strong incentives will help recover the agriculturalsector which must include reduced power tariff for tube wells, adding thatreduction in power tariff will reduce the cost of doing business forfarmers while will provide relief to masses.
It will also help exporters to compete with the rivals in the internationalmarket.
Fertiliser prices should also be reduced to boost agricultural production,he added.
The new government has decided to bring more transparency to more than 60billion dollar Belt and Road infrastructure projects in Pakistan which is awelcome move, he observed.
It has also promised transformation of governance, strengthening thefederation, revitalizing economic growth, revolutionizing social services,ensuring the country’s national security and uplift of agriculture sectorduring the first 100 days in power.
He urged the incoming government to announce a complete set of reformswithout any delay to boost economy and confidence of investors. – APP