ICCI and ICSTSI call for promoting ease of doing business to revive the economy - Press Release issued by Islamabad Chamber of Commerce and Industry.
Islamabad -- November 21, 2022 (PPI-OT)
Following is the text of press release issued by Islamabad Chamber of Commerce and Industry (ICCI)
Quote
Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry (ICCI) leading a delegation visited Islamabad Chamber of Small Traders and Small Industries to congratulate President Sajjad Sarwar and his team. Both Chambers discussed matters of mutual interest and called upon the government to focus on promoting ease of doing business in order to revive the economy.
Speaking on the occasion, Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry said that the small businesses are playing important role in promoting the economic activities and stressed that the government should allot plots to Chambers of Small Traders and Small Industries so that these institutions can play more effective role in promoting small businesses that will facilitate the growth of new start-ups, enhance exports, generate jobs and help revive the economy.
He said that due to the high transaction costs and tough collateral requirements, small businesses are facing great problems in getting loans from banks and emphasized that the government should address this issue to increase their share in the total private sector credit so that these businesses can play an enhanced role in the economic development of the country. He assured that ICCI would cooperate with ICSTSI in resolving the key issues of small traders and small industries to facilitate their better growth.
Sajjad Sarwar...
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