Qaiser Sheikh urges investment, SME support for growth
Federal minister addresses Korangi industrialists; KATI president calls for joint charter of demands.
KARACHI: Federal Minister for the Board of Investment Qaiser Ahmed Sheikh on Wednesday said facilitating investment, exports and small and medium enterprises was essential for ensuring sustainable economic growth in Pakistan.
The minister made the remarks while addressing industrialists at the Korangi Association of Trade and Industry (KATI) in Karachi, according to the state-run Associated Press of Pakistan (APP). Sheikh underscored the strategic importance of industrial zones in the country's economy and appreciated the contribution of the Korangi Industrial Area to Pakistan's total exports, APP reported.
Business Recorder reported that KATI President Muhammad Ikram Rajput proposed that Karachi's entire business community, trade bodies and industrial associations jointly prepare a "Charter of Demands". He said a strong joint committee should be established to effectively represent the interests of industry and traders before the federal, provincial and local governments, as well as other relevant institutions and forums, the paper said.
Rajput also announced the association's full support for the Businessmen Group in the Karachi Chamber of Commerce and Industry elections, according to Business Recorder.
Separately, dailyindependent.com.pk reported that Azad Jammu and Kashmir Prime Minister Iftikhar Gilani said his government would focus on investment, industrial growth and job creation.
The remarks come as federal and regional leaders continue to emphasise industrial expansion and employment as key drivers of economic growth.
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