Islamabad, Pakistan – A delegation representing the Karachi Chamber of Commerce and Industry (KCCI) recently held a meeting with the Federal Finance Minister, Mohammad Ishaq Dar, to discuss the challenges faced by the business community and present their recommendations for economic stability and growth. The delegation, led by KCCI President Mohammad Tariq Yousuf, emphasized the need for resolving issues related to import restrictions imposed by the State Bank of Pakistan (SBP) and the availability of raw materials for boosting exports.
Import Restrictions Hamper Business Growth:
The KCCI delegation expressed concerns about the limitations imposed by the SBP on imports, which have adversely affected the business community. They stressed that in order to enhance exports, access to necessary raw materials through imports is crucial. The delegation requested the government’s support in addressing these issues to promote sustainable economic growth.
Finance Minister and SBP Governor Acknowledge Concerns:
During the meeting, Finance Minister Mohammad Ishaq Dar and SBP Governor Jameel Ahmad assured the KCCI delegation that their concerns would be given due consideration. Both officials recognized the vital role played by the Karachi Chamber in ensuring economic stability and growth in the country. They emphasized that the government is committed to incorporating the suggestions put forth by the KCCI to promote businesses and stabilize the economy in the forthcoming budget.
Government’s Pledge to Stabilize the Economy:
Minister Dar affirmed the government’s dedication to addressing the challenges faced by the business community and underscored the importance of collaboration between the government and private sector entities such as the KCCI. He acknowledged the role of the KCCI in providing valuable insights and recommendations that contribute to economic stability and the growth of businesses across Pakistan. Minister Dar pledged to incorporate the suggestions given by the Chamber into the upcoming budget to ensure a favorable environment for commerce and trade.
Promoting Economic Stability and Growth:
The KCCI’s meeting with the Finance Minister and other senior officials from the Finance Ministry and Revenue Division marked a significant step towards addressing the concerns of the business community. By engaging in constructive dialogue and sharing their insights, the KCCI delegation actively contributed to shaping policies that support economic stability and promote business growth.
The Karachi Chamber of Commerce and Industry’s delegation met with the Federal Finance Minister, Mohammad Ishaq Dar, to discuss the challenges faced by businesses, particularly regarding import restrictions. The Finance Minister and SBP Governor assured the delegation that their concerns would be addressed, acknowledging the KCCI’s vital role in the economic stability of the country. The government pledged to incorporate the Chamber’s suggestions in the upcoming budget, further emphasizing its commitment to promoting businesses and fostering a stable economic environment.
