ICCI attends consultative session

Islamabad: The Policy Research Institute of Market Economy (Prime) with the support of Center for International Private Enterprise (CIPE) and in collaboration with Islamabad Chamber of Commerce and Industry (ICCI) organised a consultative session on developing a Municipal Competitiveness Index in Islamabad and four provincial capitals. The session was aimed at holding a vibrant discussion on how to optimize the existing strengths of the cities to attract investment and enhance their role in the GDP growth of the country.
Speaking at the occasion, Sheikh Amir Waheed, president, Islamabad Chamber of Commerce and Industry said that well planned and well developed cities were making significant contribution to the GDP growth of their respective countries. He said London accounted for almost half of Britain’s GDP while Boston, New York, Washington and Los Angeles accounted for one third of USA’s GDP and urged that Pakistan should also focus on developing its major cities on modern lines to convert them into engine of economic growth. He said better development of cities would attract more investment, promote industrialization, generate employment and make them hub of economic activities.