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President calls for promoting export industry


10/22/2018
ISLAMABAD: The private sector of Pakistan should step forward and play its role in promoting the export-based industry, which would strengthen the national economy, emphasised President Dr Arif Alvi on Monday.
 
He was addressing a delegation of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) at the President House.
 
“Increase in exports is of vital importance to narrow down the trade deficit,” he pointed out and urged the business community to participate in boosting tax culture in the country.
 
The president asked the businessmen to pay taxes regularly in a bid to generate higher revenues and help strengthen Pakistan’s health, education and social sectors.
 
He underlined that establishment of new industrial zones was essential for the expansion of the industry, adding that the zones should be set up in such a manner that export-oriented sectors could enjoy significant advantages and all manufacturing sectors should be given equal opportunities.
 
Alvi said the expansion of local manufacturing, especially of the automobile industry, would highly benefit the country.
 
He pointed out that the institutions meant to facilitate common people had suffered huge losses due to corruption, mismanagement and inefficiency. “These institutions will have to work with honesty, sincerity and commitment in order to lead the country on the path of development and prosperity,” he said.