Christmas Cake Cutting Ceremony at ICCI
read more

Traders call for shifting District Courts from F-8
read more

ICCI for focusing on empowerment of women
read more

ICCI and UNIDO organize Investors Connect Program
read more

Standards Compliance to help promote business
read more
Loading

 
 
Events Calendar

M T W T F S S
 
 
 
 
Urgent Attention
Events
News
Press Statements
Photo Gallery
 
 
 
 
This Week Events

    No Events available
view past events
 
Latest News
view past news
 
 
 
 
Press Statements
 
 
 
  Important Links
 
 
 
ICCI lauds 14-point future roadmap and calls for practical steps for its implementation October 29, 2014
Meeting outside ICCI
 
Welcoming the announcement of 14-point “future roadmap” by Finance Minister Muhammad Ishaq Dar to improve the economy and make Pakistan globally a competitive country, Islamabad Chamber of Commerce & Industry has called upon the government to start taking practical measures to ensure implementation of the roadmap in letter and spirit to achieve fruitful results for the country.  
 
Muzzamil Hussain Sabri, President, Islamabad Chamber of Commerce & Industry said that government has announced some laudable targets in the future roadmap which include achieving over 7 percent economic growth, increasing forex reserves to $ 22 billion, investment-to-GDP ratio to 20 percent, industrial sector growth by 8 percent, tax-to-GDP ratio to 15 percent, exports to $32 billion and spending 4 percent of GDP on education and health sectors by 2018 to improve the living standards of the people and business community fully supports these measures to strengthen the country’s economy. 
 
However, he said that the ruling party had also announced many good targets in its manifesto like reviving the closed industrial units, ensuring steady supply of energy to industrial hubs, making available ample credit on low interest rate to private sector, reducing bureaucratic procedures to speed up decision making, developing SMEs clusters at districts level, encouraging regional trade, making larger investment in human capital, creating Ministry of Energy to focus on energy and bringing reforms in Discos & Gencos etc. However, no visible measures have been taken so far, even after the lapse of more than one and a half year to realize these objectives.
 
He said the trend of making good announcements would not steer the country out of current difficulties and it is high time that government should start taking practical measures to make progress to achieve its targets. He said many governments in Pakistan set great targets, but never took concrete steps to achieve the same. The result is that our economy is still facing many problems including energy shortage, swilling circular debt, falling investment & exports, rising poverty & unemployment, low revenue collection, growing public debt and slump in business activities etc. 
 
Muzzamil Sabri said it is high time that the government should reset its priorities and give top most attention to overcoming energy crisis, promoting business conducive environment, bringing urgent reforms in power sector, developing a fair taxation system and giving enhanced role to the private sector in the economic development of the country. 

 
 
 
 
   
 
ICCI Collaborators and MoU Signing Organizations