President Mamnoon Hussain has said that GDP has grown
significantly during the last few years which has also strengthened the
national economy. He also stated that there is a need to further enhance
national income and development through the continuation of policies and all
segments of the country including industrial and business community should play
their role in this regard.
The President
said this while talking to a delegation of Rawalpindi Chamber of Commerce &
Industry (RCC&I) headed by its President Zahid Latif Khan who called
on him at the Aiwan-e-Sadr, Islamabad on Thursday.
On this occasion, senior officials of the President’s Secretariat and Ministry
of Commerce & Trade were also present during the meeting.
The President
emphasized that the continuation of economic policies is imperative for the
stability of national economy. He underlined that it is a matter of great
satisfaction that the incumbent Government is working on the similar strategy.
It will have a positive impact on the economic sector and Commerce & Industry,
he added. The President said that the decision to reduce tax rate will have a
salutary effect on the economy and will also increase the national income.
The President
underscored that national growth rate has increased during the last four years
which is quite satisfactory. He added that corruption has been decreased which
has also a positive impact on the economy. He told the delegation that the
electricity production in the country has been increased, load shading has been
controlled and after this the prices of electricity will also be reduced.
Expressing satisfaction on the import of LNG for power production he stated
that it will help to overcome the energy issues.
The President
noted that Government’s policies are in the right direction but the trade and
industrial community of the country must stay in a constant contact with the
Ministry of Commerce & Trade so that these policies may be further
improved. He urged that Chambers of Commerce and other trade organizations
should promote research in various field so that new opportunities for the
national industry and commerce could be determined after reviewing the
international trends.
The President
said that it is inappropriate to deny development process and achievements only
due to the political and personal differences. Different segments of society
should discourage these elements in order to accelerate the pace of development
of the country, he stated. He stressed that business community is the pillar of
national economy and the Government is fully committed to promote industry
& commerce and to resolve the issues of this sector. He added that this
strategy is producing fruitful results.
