KARACHI: A meeting was organised by Sustainable Development Policy Institute (SDPI) and Institute of Business Administration (IBA), Karachi to discuss “Drivers of Future Economic Growth and Job Creation in Sindh” at the IBA, main campus, a statement said on Tuesday.
“Government is willing to work with the business community and other stakeholders for the solution of economic issues being faced by the businesspersons in Sindh,” said Parliamentary Secretary, National History and Literary Heritage and the former vice president of Women Chamber of Commerce and Industry, Karachi-South, Ghazala Saifi.
She said Pakistan needs to focus on providing high quality skills to its labour so that the high demand for labour services coming from the Middle East countries can be met, the statement said.
MNA Shahida Rehmani said that the PPP government in Sindh was focusing on agriculture and livestock to provide jobs. She emphasised on the need to improve federal-provincial coordination to implement reforms that bring down the cost of doing business.
In his welcome remarks, IBA Executive Director Dr Farrukh Iqbal highlighted the role of entrepreneurship in economic growth and job creation.
He emphasised that the role of the government should be to set fair policies and regulation, leaving the production activities in agriculture, manufacturing and services to the private sector; as this would boost competition and help bring diversification in economic base and exports.
He said the supply and demand gaps in the labour market can be addressed if private sector is responsible for training manpower as per the industry needs.
He stressed upon the relevant authorities to see why potential Chinese investors are still not coming to Pakistan in large numbers.
SDPI Joint Executive Director Dr Vaqar Ahmed said that the National Network of Economic Think Tanks aims at helping the federal government in collecting evidence that can be a part of the forthcoming annual budget of the PTI government, 12th five-year plan of the Planning Commission and still under formulation Strategic Trade Policy Framework of the Ministry of Commerce.
It was important for the business community in Sindh to brainstorm and submit their pre-budget proposals by February 21, deadline set by the Federal Board of Revenue (FBR), he said.
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) needs to engage with the government well in time before the budget so that measures, which lead to a reduction in the cost of doing business can be made part of the next Finance Act.
Dr Vaqar said that the business associations in Sindh need to engage more closely with the authorities responsible for implementing decisions of the 8th Joint Coordination Committee of China Pakistan Economic Corridor (CPEC) programme.
It is important for the business persons to foresee what will be the future demand patterns in China and which goods can be exported from Pakistan to China in the coming days.