FAISALABAD – President Faisalabad Chamber of Commerce & Industry (FCCI)Syed Zia Alumdar Hussain said that the recent visit of Prime Minister ImranKhan to China will have far-reaching positive impacts on national economy.
Immediately after six billion dollar Saudi bailout package, the decision tolink Pakistan and Chinese export with local currencies is a historicdecision which would entirely change the pattern of dollar based economy,he added.
Talking to APP, he said that it is actually first and most practical stepto get rid of the begging bowl.
He said that Pakistan is importing different items worth 12 billion dollarsfrom China. “Similarly, our exports to China are around 2 billion dollars”,he said and added, “Now we could have alternate currencies to make foreignpayments of at least 14 billion dollars immediately”.
Appreciating signing of 15 MoUs, he said that China was importing fooditems of 100 billion dollars. “We could easily get 2 to 4 billion dollarshare from this import of China as it is ready to give us specialincentives and concessions. It will be a big achievement for Pakistan”, heremarked.
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He said that economic problems being confronted by Pakistan could easily besettled. “We need focused approach and dedication in making proper andin-time decision”, he said and appreciated the austerity campaign ofpresent government.
He also appreciated fencing of Pak-Afghan border and said that it will notonly further improve the law and order situation but also discourage themenace of smuggling that has plagued national economy.
Regarding stock market, he said that previous government artificiallystabilized it. However, now it is in its real state of affairs and ahealthy bullish trend is prevailing, he said. – APP
