Pakistan Industrial and Traders Associations Front worried over cut in exports

Lahore, October 20, 2014 (PPI-OT): Pakistan Industrial and Traders Associations Front (PIAF) has expressed grave concern on ten percent decline in exports in first quarter of the financial year and sought the help of the Federal Finance Minister to reverse this phenomenon.

While addressing a delegation of Manufacturers of Lahore Township Industrial area Mr Malik was very much worried over cut in exports. Delegation was headed by PIAF vice Chairman Amjid Ali Jawa. The PIAF Chairman Malik Tahir Javaid said that the decrease in exports were an eye-opener for all the government institutions, responsible to take care of the economic boundaries of the country.

The PIAF Chairman said that the private sector believed that the shortage of electricity and gas was a major cause of cut in exports therefore it was imperative for the concerned departments to ensure equitable supply of gas to all the sectors of the economy.

“It is fact that there was a shortage of gas in the country Mr Malik Said but a strategy could easily be devised to accommodate all the sectors who generate much-needed revenue for the government to run its affairs.”

Malik Tahir Javaid feared that any further cut in supply of gas in coming months would badly affect the exporting sector therefore it would be wiser on the part of the government to reset its priorities as far supply to the industry was concerned.

The PIAF chairman said that the Prime Minister Mian Muhammad Nawaz Sharif, Finance Minister Ishaq Dar and Chief Minister Punjab Mian Muhammad Shahbaz Sharif would have to look into the situation to rescue the economy.

Malik Tahir Javaid said that the FBR role in ensuring conducive business atmosphere in the country was very crucial because the institution was established to facilitate the businesses but unfortunately quite a few of its policies were contrary to the theme of its establishment.

He said that issuance of SROs without the consultation of stakeholders was hitting the businesses hard therefore the Chairman FBR should review the working of this very important institution.
The PIAF Chairman said that the government would have to put an end to the SRO culture in the country as it had caused irreparable loss to a number of sectors in the past.

Malik Tahir Javaid said that the private sector appreciates the government for giving the reins of the Trade development Authority of Pakistan (TDAP) to the private sector and expressed the optimism that very soon the TDAP would start giving positive results towards the economic well-being of the country.

For more information, contact:
Khalil-ur-Rehman
Pakistan Industrial and Traders Associations Front
110/s Kot Lakhpat Industrial Estate
Lahore, Pakistan
Tel: +92-42-5123522
Fax: +92-42-5123522
Email: Info@piaf.pk

The post Pakistan Industrial and Traders Associations Front worried over cut in exports appeared first on Business News Pakistan.

The post Pakistan Industrial and Traders Associations Front worried over cut in exports appeared first on AsiaNet-Pakistan.

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