Pakistan business council launches hundred day economic agenda
ISLAMABAD - Pakistan Business Council has launched hundred day economic agenda for the upcoming government.
PBC Chief Executive Ehsan Malik has said relying on short-term loans is not sustainable and an IMF programme is inevitable. He stressed the need to work together to revive domestic manufacturing.
He termed that trade agreements, exchange rates, energy cost and the bias in favor of imports have undermines local manufacturing.
He also said Pakistan needs two to three million jobs annually and country`s exports should be of value-added products instead of commodities and we must take control and encourage import substitution. A country of over 200 million people has the scale to be competitive.
PBC CEO called for investment to augment water for drinking, domestic and indus-trial use.