Islamabad: Mr. S. M. Farhad, Chairman, FPCCI Standing Committee on Young Entrepreneurs along with other members met with Mr. Yaseen Anwar, Governor, State Bank of Pakistan, on April 6, 2012, at SBP, Karachi.
Mr. S. M. Farhad showed his serious concern on devaluation of Pak currency and high inflation rate in the country. The members of the Committee discussed various issues including business sectors’ lending constraints due to high government sector borrowing, mobility of funds to international companies for consumer goods exporting to Pakistan, foreign exchange movements and its market impact and SBP’s role to monitor these issues, foreign investments in the power sector and other pressing issues like trade relationship with Iran.
Governor SBP stressed on the need to improve coordination of the private sector with the government to synchronize its policies with fiscal actions. The Governor assured him that the foreign investment is expected this year in banking, power, telecommunication and IT sectors. He highlighted the achievements of SBP in introducing domestic currency settlements for trades with the key trading partners like Turkey and China.
The meeting was also attended by Mr. Riazuddin, Chief, Economic Advisor SBP, Mr. Ali Malik, Director SBP, Mr. Ahmer Imtiaz, Sr. Vice Chairman, Mr. Omair Baig and Mr. Saeed Farouk, Vice Chairmen of FPCCI Committee on Young Entrepreneurs.
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