Economy (APBF President emphasizes nourishing of Local Business Parallel to CPEC Project to realize economic future of Pakistan)

Islamabad: China Pakistan Economic Corridor (CPEC) project is a game changer for the region in revolutionizing the trade and business through the region of Asia. Also Pakistan and China are vigilantly inclined to complete the project sooner.

However, Government of Pakistan needs to plan its economic and developmental strategies according to an organized plan to reap the maximum benefits from the CPEC route.

President All Pakistan Business Forum (APBF) –Mr. Ibrahim Qureshi said, “Nourishing of Local business should go in parallel to the CPEC project to realize the future economic gains efficiently. It is an opportunity for Pakistan to lay the foundations for a mega economy by dealing the very basic factor for the economic growth.

Small and medium scale business startups if encouraged and nurtured in a planned way it would increase the pace for Pakistan to achieve a position of economic giant in the region along with the neighbors, China and India.

There are larger possible future prospects to engage with these economies on equal terms where production, services and investment all the options can be exploited to optimum scale of efficiency and effectiveness.”

Mr. Ibrahim Qureshi use to laud the cause of establishing strong local business sector in Pakistan. It is for government now to take the matter seriously. Instead of relying on foreign investments only government must encourage the business startups and provide with the opportunities to the local investors on preferential basis, said Mr. Ibrahim Qureshi.

Also policies favorable for the local business community are anticipated to be introduced by the government policy makers to enable capacity building and growth of Pakistani business.

Mr. Ibrahim Qureshi said, “APBF has always been extending its support to every positive initiative taken by the government for the business community. And we will continue to bring forward our best effort for materialization of economic growth of our Country.” While consolidating the importance of local business side by side with the foreign investment opportunities he further said,

“APBF has been identifying and engaging vital resourceful organizations across the globe. We have entered into MOUs and agreement of business and trade with different foreign investors, business communities and even foreign governments, but simultaneously, we equally believe that local manufacturing of products and provision of services must be ensured for prosperous Pakistan and its greater growth.”

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