President urges private sector to play role for promoting export based industry

President Dr. Arif Alvi Monday called upon private sector of the country to come forward to play their role in promoting export based industry which would strengthen the national economy.

The President was talking to a delegation of Federation of Pakistan Chambers of Commerce and Industry led by its president Ghazanfar Bilour, that called on him at the Aiwan-e-Sadr, said a press release issued here.

He pointed out that the increase in exports was of vital importance to narrow down trade deficit.

The President also urged the business community to play their part in promoting tax culture in the country and asked them to pay regular taxes to generate more revenue and help strengthen the country’s health, education and social sectors.

He further emphasized that establishment of new industrial zones was very important for the expansion of industry, adding that the industrial zones should be established in such a manner that export sectors must benefit from these and all sectors of manufacturing should be given equal opportunities.

The President also stressed that increase in local manufacturing especially in auto mobile industry would benefit the country.

He said the institutions meant to benefit common people, had suffered huge losses due to corruption, mismanagement and inefficiency.

He said that they would have to work with honesty, sincerity and commitment in order to lead the country on the path of development and prosperity.