Current business environment is upgrading; friendly Govt-trader link can see economic feat.

Byline: Khalil Ahmed

Profile

Mr Ahmed Chinoy is a businessman by profession and social activist by nature. Being in his profession for over 25 years with a vast experience and knowledge, he is associated with the textile industry since the beginning of his career. His business has diversified into more categories that are Construction Development, Project Management and Controlled Poultry Farms. He has served as the Citizens-Police Liaison Committee (CPLC) Chief for over six years and is associated with multiple NGOs working for the betterment of the country in different fields such as health, law and order situation, education and other departments. This work has led him to be the recipient of two highly prestigious National Awards: Sitara-e-Imtiaz and Hilal-e-Imtiaz. He is currently serving as the Director of Pakistan Stock Exchange.

PAGE: How do you see the economic progress of Pakistan currently?

Ahmed Chinoy: The economic progress is currently moving at a slow pace, however, good policy decisions and betterment in the political environment can help boost the economy. Pakistan needs to have a turnaround in exports. Once we become an export-oriented economy, our all conundrums would come to an end. The primary concern for our economy has always been the twin deficits. It has become vital for our economy to ensure that exports soar and budget deficit retreats which would bring about turn around in the economic activities. Pakistan, undoubtedly has got enormous potential in terms of manufacturing and exports. The only glitch is to strike the right nail and provide enabling business environment.

PAGE: Could you tell us about the business environment in Pakistan?

Ahmed Chinoy: The business environment is much better than the previous years and with relaxation in some areas, we can see a healthy growth in the business sector. Pakistan's image in terms of doing business is fast improving across the world. Doing business in Pakistan has beefed up relatively and there is every likelihood that Pakistan's economy would be one of the foremost economies in the world in the not-too-distant-future. Proper regulation helps business activities hike. Restraints on shadow banking and shadow markets has helped myriads of economies globally. It is the job of the government to make sure that regulation is not stifling rather boosting so that employment generation is there to help youngsters get employed. Gwadar is the key to economic prosperity, regional...