FAISALABAD City News

‘FCCI bridging gap between govt, business community’

From Our Correspondent

FAISALABAD: Well-maintained financial discipline, record reduction in interest rate and availability of capital to the private sector has played a major role in stabilising national economy.

It was said by Faisalabad Chamber of Commerce and Industry SVP Syed Zia Alamdar Hussain while addressing the foreign participants of 46th training course of National Institute of Banking and Finance (NIBAF) at the State Bank of Pakistan here on Wednesday. The FCCI SVP said that prudent policies of the State Bank of Pakistan helped the government to strengthen national economy by maintaining much needed financial discipline. Similarly, long term finance was also available to the industrial sector, which played a major role in giving quick start to the industrial, commercial and business activities in the country, he added. “The electricity and gas were now available round the clock to the industrial sector as it was imperative to increase the productivity of the industrial sector”, he said and added that now the government was fully concentrating on further cut down the cost of doing business. He said that it was prerequisite to make our exportable surplus competitive in the international markets. Earlier, Ahtesham Javed, ex-FCCI executive member, said that Faisalabad had unique distinction of contributing $6 billion towards total textile exports of $13 billion. He said that the FCCI was playing a pivotal role in bridging gap between the government and business community. Amjad Javed, Ms Fozia Aslam, M Faheem and others were also present.