ISLAMABAD – Pakistan Business Council has launched hundred day economicagenda for the upcoming government.
PBC Chief Executive Ehsan Malik has said relying on short-term loans is notsustainable and an IMF programme is inevitable. He stressed the need towork together to revive domestic manufacturing.
He termed that trade agreements, exchange rates, energy cost and the biasin favor of imports have undermines local manufacturing.
He also said Pakistan needs two to three million jobs annually andcountry`s exports should be of value-added products instead of commoditiesand we must take control and encourage import substitution. A country ofover 200 million people has the scale to be competitive.
PBC CEO called for investment to augment water for drinking, domestic andindus-trial use.