Body to achieve economic growth urged

ISLAMABAD: The ICCI on Tuesday called to form an Economic Advisory Committee to achieve sustainable and long-term economic growth, as Pakistan’s economy is facing serious challenges and would not be able to move without resolving core issues.

“Fiscal imbalances were needed to be addressed in consultation with economic managers, bankers, technocrats and business community and their recommendations should be given due importance in the formulation of country’s economic policies”, ICCI President Yassar Sakhi Butt expressed these views in a meeting.

He said that the proposed Economic Advisory Committee meetings should be held at regular intervals inviting representatives from main chambers and trade association throughout Pakistan, which would provide valuable advice to the government on a regular basis.

He said that committee could give insight on business related issues and suggest policy options to improve the economic scenario. He said government needs to think out of box and take a proactive approach to overcome the current challenges, which Pakistan has been facing.

He said that government should come out from politics and plays its right cards to address economic issues and pursue a strategic economic direction aligned with its national interests.

Yassar was of the view that smaller economies of our region were turning into bigger economies but in contrary our country is on the reverse trend due to energy crisis, higher fiscal deficit, poor governess and deteriorating law and order situation.

He said that active participation and keen interest of public and private sector in the economic development would ultimately drag out country from current economic turmoil.

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