Islamabad: Vice President CACCI Tariq Sayeed on Friday said synergy between government and business community can resolve economic crisis and put country on the path of progress.
Some of the problems are only getting worse because some of the proposals forwarded by key business chambers are not taken seriously, he said.
Speaking to business community at FPCCI Capital Office after a meeting with Finance Minister, Governor SBP, Chairman FBR and others in the Ministry of Finance, Tariq Sayeed said that gaps in the policymaking needs to bridged and we should find common ground for common good.
VP Saarc CCI Iftikhar Ali Malik, President FPCCI Senator Haji Ghulam Ali, Fazal Qadir Sherani, VPs FPCCI Mirza Abdul Rehman, Shakil Dhingra and Zubair Ali, Chairman Media FPCCI Malik Sohail Hussain and others were also present on the occasion.
The former President SAARC CCI and FPCCI said that business is complaining about partial treatment, people can live in poverty but cannot stand injustice, he added.
Tariq Sayeed said that issues like lack of energy, law and order, Sales Tax and Income Tax audit, SRO191, high mark-up rates, want of amnesty schemes, held up refunds, smuggling, multiple taxation etc. are leaving businesses uncompetitive.
At the occasion, Iftikhar Ali Malik demanded incentives for import substitute industry so that gas between imports and exports can be bridged.
He said that we should not have different missions; we should focus on national development and strive for shared prosperity, he said.
The role of business is far more pervasive than ever before; now economy drives politics. Business is shaping the social values and becoming a powerful cultural force, said Malik.
Ghulam Ali said that for the first time in history, the businesses have the power to make a difference. Recent initiatives by Pakistan and India to normalise relations and boost trade proves our increased effectiveness.
He said that companies are not machines owned by individuals to make as much money as possible for its owner; businesses that cannot serve humanity are of no value to society.
Demanding of the government to stop borrowing from banks so that productive sectors can swing to profit, and resumption of the running finance facility for small businesses, the VP FPCCI Mirza Abdul Rehman said that Form-D is simply not acceptable.
In the changing world a business is no longer just an economic instrument; corporations owe a larger debt to society than simply making profits, noted Mirza Abdul Rehman.
Malik Sohail called upon the business leaders to actively address the social, economic and environmental issues and focus on collaborative problem solving.
Socio economic inequalities are compelling reasons to make development a business issue, he said.
No amount of hand-outs can help poor that can be served by providing enabling environment to businesses to expand and access the poor markets, Tariq Sayeed concluded.
For more information, contact:
Malik Sohail Hussain
Chairman FPCCI Standing
Committee on Media and PR
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
Tel: +9251 2251 891-3
Fax: +9251 2251 894
Cell: +92333 5155300; +92321 5155500