ISLAMABAD: The President of the Federation of Pakistan Chambers of Commerce and Industry, Atif Ikram Sheikh, welcomed Prime Minister Shahbaz Sharif’s meeting with businessmen and industrialists.

Atif Ikram stated that without creating a competitive environment, it is not possible to increase exports, Other countries in the region have lower electricity rates than Pakistan, which puts us at a disadvantage in the competitive field. The functioning of industries will create employment opportunities and bring happiness to the people.

Federation President Atif Ikram said that to achieve an increase in exports, attention needs to be given to Pakistan’s image-building at the global level. In order to facilitate industries, administrative barriers must be removed and measures such as timely energy supply and competitive rates, including tax refunds, need to be implemented.

Atif Ikram further stated that in Pakistan, industrialists and businesspersons pay the highest amount of taxes. The role of industrialists and traders is crucial for economic development. Immediate steps need to be taken in consultation with stakeholders to reduce the production cost of exportable goods so that we can easily compete with other countries in the region.

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