Islamabad, October 10 ( ONLINE): Sardar Yasir Ilyas Khan, President, Islamabad Chamber of Commerce & Industry said that the Covid-19 pandemic has caused drastic decline in the business activities across the country and it was high time that the government should focus on formulating more conducive policies besides taking supportive measures for the private sector to enable businesses to revive and boost business activities in the country.
He emphasized that State Bank of Pakistan should work with commercial banks to provide loans on low interest rates to the private sector for revival and expansion of business ventures. He was addressing a dinner reception hosted by Sheikh Abdul Waheed, Chairman, Pakistan Vanaspati Manufacturers Association (PVMA) and FaadWaheed, Executive Member ICCI in honor of new Office Bearers of Islamabad Chamber of Commerce and Industry.
SardarYasirIlyas Khan said promoting ease of doing business should be the top priority of the government so that the economy could come out of the difficulties created by the Covid-19 pandemic. However, instead of taking facilitative measures for businesses, FBR was issuing regulatory orders like SRO-924 and SRO-931/2020 that would create additional problems for businesses of Construction and automobile sectors. He stressed that FBR should take stakeholders fully on board before issuing any new SRO that would save the economy from unnecessary problems.
