Observer Report
Lahore
Pakistan at this crucial juncture of time since it’s inception in the wake of Covid 19 and bleak economy can neither endure political turmoil nor afford political instability. Addressing members of core committee of United Business Group in connection with forthcoming annual election of the federation of Pakistan Chamber of Commerce and Industry Iftikhar Ali Malik, President SAARC Chamber of Commerce and Industry said here on Wednesday that what we need is political stability which is prerequisite for sustained economic growth to cope with the multiple challenges in Pakistan.He said that politics of confrontation, agitation, protest, violence and agitation is not solution.
He said time has changed as now the influential nations are paying more attention to financial warfare to continue their dominance. These countries are successfully using their weapons of economic destruction to weaken economics of poor nations to achieve their unholy designs while Pakistan’s economy is not strong enough to withstand economic terrorism. Iftikhar Ali Malik said it is indeed important to increase our exports and for that purpose we need to reduce our cost of doing business so that our products can remain competitive in the world markets. He further said trade facilitation is the key to promote industries and we need to remove all the obstacles and create the culture of trade facilitation.
