Pak needs 6-7% annual economic growth to reduce poverty, unemployment.

ISLAMABAD -- The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) ex-president and Businessmen Panel Chairman Mian Anjum Nisar has expressed the hope that the positive growth in large-scale manufacturing (LSM) will help achieve the annual economic growth target, besides creating jobs if the trend continues in coming months.

Mian Anjum Nisar was addressing a meeting held to discuss the trade and industry's problems and their solutions. The meeting was also attended by the Businessmen Panel leadership, including FPCCI President Nasir Hayat Magun, FPCCI senior vice president Shahzeb Akram, PIAF Chairman Mian Nauman Kabir and LCCI former president Irfan Iqbal Sheikh. The BMP leadership in the meeting pledged to continue its efforts for the cause of the business community through the FPCCI platform.

Mian Anjum Nisar observed that the output of Pakistan's large industries increased 7.4% in the first five months of current fiscal year on the back of a sustained growth momentum for the third successive month, which is a ray of...