Islamabad Chamber of Commerce and Industry (ICCI) and Islamabad Chamber of Small Traders and Small Industries (ICSTSI) discussed matters of mutual interest and called upon the government to focus on promoting ease of doing business in order to revive the economy.
Ahsan Zafar Bakhtawari, President, ICCI leading a delegation, visited ICSTSI to congratulate President Sajjad Sarwar and his team, said a press release issued here by the chamber.
Speaking on the occasion, Ahsan Zafar Bakhtawari, President, ICCI said that small businesses are playing important role in promoting economic activities and stressed that the government should allot plots to Chambers of Small Traders and Small Industries so that these institutions can play more effective role in promoting small businesses that will facilitate the growth of new start-ups, enhance exports, generate jobs and help revive the economy.
He said that due to the high transaction costs and tough collateral requirements, small businesses are facing great problems in getting loans from banks and emphasized that the government should address this issue to increase their share in the total private sector credit so that these businesses can play an enhanced role in the economic development of the country.
He assured that ICCI would cooperate with ICSTSI in resolving the key issues of small traders and small industries to facilitate their better growth.
Sajjad Sarwar, President, Islamabad Chamber of Small Traders and Small Industries said that close liaison and cooperation between ICCI and ICSTSI will be very helpful in serving the cause of the business community.
He said that the economy of Pakistan is passing through a difficult time and stressed that promoting the ease of doing business should be the top priority of the government to improve the economy.—APP