![](https://icci.com.pk/wp-content/uploads/2020/02/Activity-6-Feb.jpg)
Anwar Saifullah Khan asks business community to focus on creating MNCs
- February 06, 2020
The renowned industrialist, politician and member of Saif
Group’s Advisory Board Anwar Saifullah Khan said that many countries have
achieved better economic growth by promoting multinational companies
(MNCs), but due to lack of unity among business community, Pakistan could not
create any worthwhile MNC. He urged that business community should get
united, pool its expertise and financial resources to create Pakistani MNCs that
would help in promoting Pakistani brands in international market and improving
our economy. He said this while addressing members of business community at
Islamabad Chamber of Commerce & Industry.
Anwar Saifullah Khan said that Saif Group was making efforts to setup a cement
plant in Dera Ismail Khan for which it was looking for local investors as partners
and said that ICCI should cooperate in these efforts. He also briefed the business
community about the ongoing projects of Eighteen, which is a joint venture of
Ora Developers of Egypt, Saif Group and Kohistan Builders & Developers of
Pakistan. He said ICCI members should explore investment opportunities in
Eighteen. He said that Pakistan’s future was dependent on the talent of youth
and said that government should encourage youngsters in every field including
business. He said that government should take business leaders on board in its
efforts for improving the economy that would produce better outcomes. He said
that ICCI President was a young business leader and hoped that Chamber would
achieve many new milestones under his leadership.
Speaking at the occasion, Muhammad Ahmed Waheed, President, Islamabad
Chamber of Commerce & Industry said that conducive environment was vital for
steering the economy out of current challenges. However, he said that record
high interest rate, sharp devaluation of rupee, high utility prices and many other
factors have brought stagnation in business activities. He urged that government
should address these issues on priority basis and give preference in lending to
private sector on cheap rates to revive economic activities. He thanked Anwar
Saifullah Khan for visiting ICCI and exchanged views with him on matters of
mutual interest.
Tahir Abbasi Senior Vice President and Saif ur Rehman Khan Vice President ICCI
said that growth of over 50 allied industries was linked with real estate and
construction sector but high taxes and other measures of government have
caused slump in business activities of this important sector. They emphasized
that government address key issues of real estate sector and make friendly
policies for it to revive the economy. Zubair Ahmed Malik & Zafar Bakhtawari
former Presidents ICCI, Khalid Chaudhry, Naeem ur Rehman Piracha, M. Naveed
Malik and others also spoke at the occasion.