Abb Takk News

President Appreciates Role Of Private Sector In Country’s Economic Development

ISLAMABAD: President Dr Arif Alvi has said that the Government is aware of problems being faced by trade and industry and is undertaking every possible measure to provide level playing field to the business community.

Talking to a delegation of Federation of Pakistan Chambers of Commerce and Industry in Islamabad today, he appreciated the role being played by the private sector in the economic development of the country.

He emphasized that it is an important component of the government’s strategy to reduce the trade deficit by curbing import of non-essential and luxury items.

The President said the Government is also striving to reduce the cost of doing business by ensuring supply of gas at concessional tariff for the export-oriented industry. He pointed out that the Government has introduced a sales tax zero-rating regime for five export-oriented sectors including textile, leather, carpets, surgical and sports goods.