President of SAARC Chamber of Commerce and Industry, the representative organization of businessmen and industrialists of 8 countries of the region, former president of FPCCI, Iftikhar Ali Malik, has said that in the current weak economic situation of the country, the experienced finance Minister Senator Ishaq Dar Once again taking charge of the country’s finance ministry has come as a new ray of hope as Senator Ishaq Dar takes over as finance minister.
Rates have come down, ghee and oil prices have been hinted at to come down and electricity tariffs are being reduced for the citizens of Karachi and the same process will soon be repeated in other parts of the country.
Iftikhar Ali Malik said that Ishaq Dar’s return home is a happy future because the atmosphere of confidence is being established among the investors, today is a time full of challenges for Pakistan and the global market has also increased a lot while the Russia-Ukraine war has affected the balance of the European economy.
Inflation is on the rise in a country like the United States, in these circumstances, there is a need to emphasize the production of domestic products and take measures to minimize their cost so that there is a substantial increase in exports. And to strengthen all sectors of domestic industry and commerce, the interest rate should be brought to single digit immediately.
Iftikhar Ali Malik said that the huge increase in the prices of electricity, gas and petroleum products in Pakistan has fueled inflation and made it difficult for the common man to live. The petrol prices in Pakistan can be further reduced to the level that has been reduced.
The President of SAARC Chamber said that positive measures are needed to increase economic activities and increase circulation in business centers and I hope that Finance Minister Senator Shaq Dar will address the issues.
They have the full capacity to understand and solve them and take positive and important steps for economic development and recovery within their reach.
