Economic development through the revival of business activities should be the utmost priority of the upcoming government in collaboration with all stakeholders, mainly the industries and chamber of commerce of the country, said Nasir Hussain Shah, the Former Provincial Minister for Local Government, Housing and Town Planning. Speaking as a chief guest at the inauguration of Federal B Area Association of Trade and Industry (FBATI) headquarters, Nasir Hussain Shah said the leadership of Pakistan People’s Party (PPP) has a comprehensive plan for economic stability and prosperity to achieve self-sufficiency in its financial affairs with the support of its highly potential business community of the country rather than approaching different institutions for few billion dollars every time.
The former Minister said the vision of the PPP to facilitate the country’s business community, particularly from the commercial hub, Karachi, aimed at enhancing its contribution to the national economy in exports and revenues.
He recalled that the previous provincial government allocated funds to industrial zones to develop the infrastructure, which yielded positive results for business people and industrialists’ communities. It also set up power plants in Nooriabad and Thar to produce low-cost electricity for the province.
Shah added that the PPP government vowed to continue its cooperation with the city’s business community while addressing the core issues of utilities, including the supply of electricity, gas, and water, at par with the demand of the city’s industrial and economic activities.
The leadership of PPP considered Karachi as the backbone of the country’s economy, and he said it would continue to develop its infrastructure to give relief to the masses at an accelerated pace.
The former Minister appreciated the role and contribution of the business community, expressing his will to establish an IT training centre and safe zones with the cooperation of the leadership of FBATI.
President FBATI Syed Raza Hussain said economic development will only be possible through the support of SMEs, which are witnessing significantly different working situations due to the high cost of business and production.
He added that the national and provincial governments should focus on the country’s economic heartland while empowering the business community to set up special economic and safe industrial zones.