ISLAMABAD: The Islamabad Women Chamber of Commerce and Industry (IWCCI) has called for early resolution of the prevailing political crisis through meaningful dialogue between the government, Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT).
The IWCCI also termed the ongoing sit-ins in capital in the name of Azadi and Inqilab marches against the national interests and tantamount to destabilising the country’s economy.
While talking to Customs Today, IWCCI Founding President Samina Fazil said that long marches had inflicted an irreparable loss on the national economy and it would take a long time to cure the damages to exports, imports as well as domestic manufacturing sectors.
She said that long marches had portrayed an unhealthy business environment in Pakistan, restraining the international businessmen from placing new orders to Pakistani exporters. “When exporters stop receiving orders from abroad, local manufacturing stops automatically” she said while responding to a question, adding, “Closure of domestic manufacturing units result in unemployment and joblessness.”
Moreover, she said that devaluation of rupee against dollar had also resulted in increasing cost of production, causing great loss to manufacturers.
The IWCCI founding president was of the view that both the government and protestors should adopt a rational way to resolve their differences and relieve the business community of prevailing uncertainty and frustration.
When asked about IWCCI stance on legitimacy of the protest marches, Samina Fazil declared that peace protest was the fundamental right of every person, however, these protests should not cause any loss to the businesses of the country.
“The democratic governments must pay heed to the public demands and must not delay resolution of their issues,” she opined.
The IWCCI president appealed to both the government and protesting parties to soften their stances to avert further losses to the economy.
FBR to take emergency fiscal measures to meet annual revenue targets
LAHORE: The Federal Board of Revenue (FBR) has not achieved its revenue collection objectives for the second month in succession,...