Press Release

"21st Century is undoubtedly an era of strong economic competition in which business leaders are required to play a pivotal role”

(Karachi P.R. 7th August, 2017) Said Senator Lt Gen (R) Abdul Qayyum Khan, Chairman Senate Standing Committee on Defence Productions while addressing business persons in Federation of Pakistan Chamber of Commerce & Industries in Karachi today. The Senator from the ruling party of PML-N was received by the President FPCCI Mr. Zubair Tufail and Vice President FPCCI Mr. Mirza Ishtiaq. Dr. MirzaIkhtiar Baig and other renowned industrialists were also present. The business leaders raised certain issues and difficulties being faced by the business community. Responding to the questions Senator Lt Gen (R) Abdul Qayyum Khan highlighted following points:

a. Pakistan industry had come to an almost grinding halt because of energy crises. The Govt of MNS has solved that issue which is no mean achievement.

b. Militancy made it impossible for the President or PM to get out of their offices and inaugurate projects prior to 2013. Today, even western media, which is always critical of Pakistan, are saying Pakistan has succeeded to control militancy by 70%.

c. It is true that energy prices are on the higher side, but it is better than having no energy at all. Government’s first priority was a reduction of load shedding and all efforts are being made to promote renewable and hydel energy projects to curtail the prices.

d. We value useful suggestions for budget formulation by our business community. However, it is to be kept in mind that only workable suggestions can be implemented.

e. Tenure of appointment in all Federations and chamber of commerce & industries should be minimum of two years. This is a valid suggestion by the business community and will surely be conveyed to the Govt.

f. Although Pakistan is passing through a difficult phase, but our real strength lies in the present democratic dispensation, independent judiciary, free media and potent Armed forces. We are determined to ensure that projects like CPEC are completed within in the stipulated time. Pakistan is on the road to progress and any attempt to impede our journey forward, will be thwarted by the entire nation.

President FPCCI, Mr. Zubair Tufail also requested the General Abdul Qayyum Khan to convey our genuine problems to the Government. He urged to give back the agreed funds in this week and give maximum relief to the industries in the shape of lower electricity and gas rates. Mr. Zubair emphasized on Exports of Pakistan. He added that it's very important to increase our exports for that electricity rates should be lower.

In the end, Mr. Zubair Tufail President, Federation of Pakistan Chamber of Commerce & Industries presented a shield to Senator Lt Gen (R) Abdul Qayyum Khan.


(Dr. Iqbal Thaheem)
Acting Secretary General