Musharraf must for continuity of economic growth: FPCCI
LAHORE (May 02 2007): The Federation of Pakistan Chamber of Commerce and Industry (FPCCI), an apex body of traders in the country, on Tuesday aspired President General Pervez Musharraf to remain at the helm of affairs to ensure continuation of successful economic policies for sustainable economic growth in the country.
The FPCCI has reposed its absolute confidence in the prudent economic reform agenda being pursued by the government for last seven years, President, FPCCI, Tanvir Ahmad Sheikh, told APP on Tuesday.
Chairman Businessmen Panel, the largest alliance of traders and the ruling group in the FPCCI Tariq Sayeed and Panel Co-Chairman, former federation president Iftikhar Ali Malik were also present on this occasion. He said the business community regards the last seven years as the commencement of new economic era, as the growth has been measured and quantified.
"I may recall that the country was on verge of economic collapse, when General Pervez Musharraf took over as the Chief Executive of the country and due to his intellect, vision and insight of the economic affairs, Pakistan transformed from an economic-waning nation to one of the fastest growing economies of Asia," said Sheikh. The visionary and future-oriented economic diplomacy of General Pervez Musharraf and his visits to friendly, traditional and non-conventional countries helped to see beyond traditional markets.
He visited the entire globe including many far-flung countries of Latin America, Africa and Europe and took keen interest in developing amicable relations with the countries of these regions.
FPCCI has always appreciated the government's economic policies and not only extended full support but also took practical initiatives for their successful implementation.
He added that during last seven years many mega projects including Gwadar Seaport have been started and the policies of deregulation, liberalisation and privatisation have resulted in real economic growth coupled with influx of huge amount of FDI in the country.
Sheikh also appreciated the identification of new sites for building ports at Son Miani (Aladin Port) and Kaiti Bander and hoped that after the completion of these projects and finalisation of the proposed Iran, Pakistan and India Gas pipeline project, the country will have better infrastructure for further industrialisation.
The construction of Bhasha dam and other dams in the near future are an important step forward for long term development of the country. It is the outcome of the pragmatic economic policies of the government under the leadership of President General Pervez Musharraf and Prime Minister Shaukat Aziz that the size of the economy has increased from $70 billion in the year 1999-2000 to $135 billion coupled with increase in per capita income from $526 to $847 and FDI from $469 million to $4.61 billion in the current fiscal year, he added.
The continuation of President Pervez Musharraf and his team shall mean the continuation of the economic reforms and sustainability of economic growth, which is required by the country in context of the rapid developments taking place around the globe.
In view of the tremendous performance of the government the business community of Pakistan fully supports the President Pervez Musharraf and Prime Minister Shaukat Aziz and will continue to extend full cooperation to their economic reforms in the best interest of the economy in particular and development of the country in general.
http://www.brecorder.com/index.php?id=558775&currPageNo=1&query=&search=&term=&supDate=
LAHORE (May 02 2007): The Federation of Pakistan Chamber of Commerce and Industry (FPCCI), an apex body of traders in the country, on Tuesday aspired President General Pervez Musharraf to remain at the helm of affairs to ensure continuation of successful economic policies for sustainable economic growth in the country.
The FPCCI has reposed its absolute confidence in the prudent economic reform agenda being pursued by the government for last seven years, President, FPCCI, Tanvir Ahmad Sheikh, told APP on Tuesday.
Chairman Businessmen Panel, the largest alliance of traders and the ruling group in the FPCCI Tariq Sayeed and Panel Co-Chairman, former federation president Iftikhar Ali Malik were also present on this occasion. He said the business community regards the last seven years as the commencement of new economic era, as the growth has been measured and quantified.
"I may recall that the country was on verge of economic collapse, when General Pervez Musharraf took over as the Chief Executive of the country and due to his intellect, vision and insight of the economic affairs, Pakistan transformed from an economic-waning nation to one of the fastest growing economies of Asia," said Sheikh. The visionary and future-oriented economic diplomacy of General Pervez Musharraf and his visits to friendly, traditional and non-conventional countries helped to see beyond traditional markets.
He visited the entire globe including many far-flung countries of Latin America, Africa and Europe and took keen interest in developing amicable relations with the countries of these regions.
FPCCI has always appreciated the government's economic policies and not only extended full support but also took practical initiatives for their successful implementation.
He added that during last seven years many mega projects including Gwadar Seaport have been started and the policies of deregulation, liberalisation and privatisation have resulted in real economic growth coupled with influx of huge amount of FDI in the country.
Sheikh also appreciated the identification of new sites for building ports at Son Miani (Aladin Port) and Kaiti Bander and hoped that after the completion of these projects and finalisation of the proposed Iran, Pakistan and India Gas pipeline project, the country will have better infrastructure for further industrialisation.
The construction of Bhasha dam and other dams in the near future are an important step forward for long term development of the country. It is the outcome of the pragmatic economic policies of the government under the leadership of President General Pervez Musharraf and Prime Minister Shaukat Aziz that the size of the economy has increased from $70 billion in the year 1999-2000 to $135 billion coupled with increase in per capita income from $526 to $847 and FDI from $469 million to $4.61 billion in the current fiscal year, he added.
The continuation of President Pervez Musharraf and his team shall mean the continuation of the economic reforms and sustainability of economic growth, which is required by the country in context of the rapid developments taking place around the globe.
In view of the tremendous performance of the government the business community of Pakistan fully supports the President Pervez Musharraf and Prime Minister Shaukat Aziz and will continue to extend full cooperation to their economic reforms in the best interest of the economy in particular and development of the country in general.
http://www.brecorder.com/index.php?id=558775&currPageNo=1&query=&search=&term=&supDate=
