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GSP Plus status to help boost economy

07 January, 2014

KARACHI: President Mamnoon Hussain said on Monday the duty-free access of Pakistani goods and products to the European markets would help create tremendous economic activities and employment opportunities in the country.

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KARACHI: President Mamnoon Hussain said on Monday the duty-free access of Pakistani goods and products to the European markets would help create tremendous economic activities and employment opportunities in the country.

Talking to a delegation of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) here at the State Guest House, the President emphasized the significant role of business community and entrepreneurs in the ongoing economic turnaround of the country.

He called upon the businessmen to step up efforts and complement the government's initiatives to fully exploit the country's geo-strategic location and avail in a greater way the trade concessions that Pakistan had recently achieved through GSP plus status.

The President congratulated the newly elected office-bearers of the FPCCI and expressed confidence that the new cabinet besides working for the welfare and promotion of the business community, would also contribute to the country's economic progress and prosperity. He said the entrepreneurs and business community were invaluable asset of the country and economic development was not possible without their cooperation.  and active participation in the formulation of economic policies. Recalling his association with the Karachi business community and the Karachi Stock Exchange, the President said he was fully cognizant of the various issues and problems faced by the businessmen. Referring to the robust trade in Karachi Stock Exchange, he said due to the corrective measures and policies of the government, economic indicators were showing positive signs and the confidence of both domestic and foreign investors to invest in Pakistan was also being restored. The meeting later turned into an interactive session where the office-bearers of FPCCI discussed with the President the various issues and problems of the business community and also suggested certain steps and measures for economic revival of the country.

The President assured that the government was receptive to the invaluable suggestions of the business community and urged them to come forward and share their ideas and suggestions with the government. The delegation thanked the President for meeting and assured that the FPCCI would continue making its positive contributions towards national economy. The FPCCI delegation led by its incumbent President Zubair Ahmed Malik and President-elect Zikriya Usman, included the incumbent and recently elected office bearers, industrialists and businessmen of the Karachi Stock Exchange.

Courtesy: The Nation


 
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