Staff Reporter Islamabad
Pak-US Business Council (PUBC) Friday expressing grave concern over moving anti-Pakistan bill in US Senate and said Pakistan was US coalition part-ner against the war on terror in Afghanistan and suffered colossal irreparable economic losses be-sides large scale human sacrifices in memory.
Chairman PUBC Iftikhar Ali Malik while talk-ing to a delegation of traders led by Mian Aftab Zia said the US instead of offering free market access to Pakistani products to help stabilize its bleak econ-omy has moved bill contrary to facts, said a press release received here today.
He said it’s on record that whole of the world including the US and west several times widely acknowledged the unprecedented contribution and key role of valiant Pakistan armed forces and brave civilians in quelling the menace of terrorism with the iron hand not only in Afghanistan but also in the region, adding that Pakistan is only country in the world which housed the huge influx of 4.5 million Afghan refugees.
Malik said the rise of violent extremism and increase in terrorism in Pakistan due to instability in Afghanistan not only caused serious damage to Pakistan’s economy but has also been responsible for widespread human suffering due to indiscrimi-nate attacks against the civilian population.
He said this odd situation badly disrupted Paki-stan’s normal economic and trading activities which not only resulted in a higher cost of doing business but also created disruptions in the production cycles resulting in significant delays in meeting export orders around the globe.
He said as a result Pakistani products have gradually lost market share to their competitors and consequently, economic growth could not be picked up as planned.
Investment flow and negative trends of outsourcing of capital in Pakistan have further added to the woes of the dwindling performance of the export-oriented industry.
