Govt firmed to uplift the masses and check poverty through wealth creation; PBF.

ISLAMABAD -- Pakistan Businesses Forum (PBF) on thursday said that the present political set up in Pakistan was people-centric and its socio-economic agenda was aimed at economic benefits to the people despite big challenges. Speaking on online seminar with the title of Pakistan's economy in post corona, PBF President Sahibzada Mian Usman Zulfiqar said the double whammy of Covid-19 and a fragile economy is not a good omen, but this is the first economic crisis in Pakistan's history to our informal economy directly, which has otherwise been a shock absorber every time Pakistan walked into an economic crisis.

The bad news is that things are going to get a lot worse. 'The good news is that we can emerge from this even stronger, if we play our cards right'. He said government is trying to focus on boosting Pakistan's industrial capacity through joint ventures in priority areas, relocation of labour-intensive export-led industry, SMEs collaboration and enhancement of vocational training capacity. 'The Incumbent government is determined to establish four special economic zones (SEZs) in all provinces which was ignored in past regimes. He urged the trade bodies to come up with a three-year roadmap for industrialisation and export sector strategy before Ministry of Planning Commission; only bashing not a solution. Usman Zulfiqar said...