Financial Updates

The blog "FINANCIAL UPDATES" consists on exclusive economic and commerce news about across the world particularly Pakistan economy

Thursday, May 16, 2013

NEED STRESSED FOR POLITICAL STABILITY TO IMPROVE ECONOMY

Islamabad Chamber of Commerce & Industry (ICCI) believes that the election process in the country has almost been completed and it is time to move forward to address the burning issues of the country.  Talking to a delegation of lawyers president of the ICCI, Mr. Zafar Bakhtawari stressed that new government should give top priority to improving economy as Pakistan cannot make sound progress without turning around its sagging economy.

He said due to bad governance, corruption, inefficiency and many other  factors, economy of the country has suffered badly causing closure of industries, outflow of capital and rise in unemployment. Therefore, the new government should focus on good governance and political stability which are must for economic stability and investment in the country.

Mr. Bakhtawari said that our neighbors China and India are achieving fast economic progress and Pakistan has to catch up with them to remain competitive in the region. He appreciated the efforts of Islamabad Bar Association in making contribution for the welfare of its members and betterment of society.

The ICCI former President Munawar Mughal emphasized for shifting district court set ups from F-8 Markaz to G-11 Sector as presence of courts and lawyers in this key business centre was badly affecting the business activities. He said ICCI plans to call a meeting of trade associations to develop proposals for promotion of trade and industrial activities. for Mrs. Shaista Tabbassum Sltan Puri Vice President, Syed Shajar Abbas Humdani Joint Secretary, Mr. Qamar Inayat Raja General Secretary of Islamabad District Bar Association and Senior lawers M/s. Kokab Iqbal, Ch. Arif and others were also in the delegation.

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