During the visit of Caretaker Federal Minister for Commerce and Industries Dr Gohar Ejaz to the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Saturday, the minister said on the off chance that his vision of a 10,000-section of land new Industrial zone in Karachi emerged and export were taken to $100 billion in the following five years, it would make 3 million new jobs in Karachi alone, which will be lined up with international standards.
Simultaneously, the business community has the valuable chance to altogether expand its earning by effectively adding to the government's economic targets. This is viewed as a circumstance where everybody can benefit. The speaker completely upholds including top business analysts as advisorz to the FPCCI to make policy strategies.
He raised worries about different issues in Pakistan's economy, including the trade deficit, devaluation of the rupee, a low number of active tax return filers, issues in Afghan transit trade, reliance on external funding, and the restricted contribution of the business coummunity in the policymaking process.
FPCCI President Atif Ikram Sheik said the FPCCI had chosen to support reform initiatives of the commerce minister vis-a-vis export target of $100 billion of next five years, documentation of the economy and settling the rupee-dollar equality.
He referenced that the FPCCI plans to disclose its research and development framework the following 10 days, meaning to change the trade organization into a primary advisory body for the government.
