$ 1.5 billion gift from friendly country would boost Pak-economy: Chairman PIAF

March 20, 2014 Off By Web Desk

Lahore: While lauding the efforts of Prime Minister Mian Nawaz Sharif and Federal Finance Minister Ishaq Dar to kick start the economy, Pakistan Industrial & Traders Associations (PIAF) has said that gift of $1.5 billion from a brotherly country would certainly energize the trade and business activities.

In a statement issued here Thursday, Chairman PIAF Malik Tahir Javed said that criticism for the sake of criticism always creates bad impression and undue hurdles therefore, the saner elements should support the government in its endeavours to erase poverty and unemployment from this part of the world.

He said that business community was feeling the heat since last couple of years due to dreadful economic indicators, deteriorating law & order situation and harmful energy crisis but PML-N government has given a bigger relief to the business community by setting ambitious economic targets.

He said that economy has taken a positive turnaround as Pakistani rupee was getting strength with every passing day that would definitely bring input cost of the industrial sector.

He assured the government of all possible help and cooperation to achieve the targets set by it including cut in fiscal deficit, GDP growth rate and Foreign Direct Investment.

Malik Tahir Javed hoped that immediate, medium and long-term steps of the government to meet the fast increasing energy needs would yield the result very soon.

He said that special focus of the government on issues including terrorism, energy and economy would ensure rapid development of the country.