KARACHI: President, Employers’ Federation of Pakistan (EFP), Ismail Suttar, believes that the Prime Minister Imran Khan’s recent announcement in view of the current need, will help build Pakistan into the very much needed, industrialized economy on war footing basis.
In a statement, EFP president said that the Government has announced appreciable policies that will help foster the necessary growth and development in the Islamic Republic of Pakistan. In addition to the exemption of 100% taxes for the IT sector, the Prime Minister stresses the need for an independent foreign policy along with notable reductions in petrol, diesel, and electricity prices.
Moreover, the announcement added to enhancing its support for students and graduates by means of their Ehsaas Program and Paid internships, which will bring forth the needed platforms for young graduates to grow. The Prime Minister also added to assist in industrial investments with little barriers for anyone with a strategic plan. Though, the details for certain policies were not completely revealed but the brief announcement itself has incurred an anticipation in the region.
Regardless of the sudden announcement, Vice President, Employers’ Federation of Pakistan, Zaki Ahmed Khan, holds the government’s decision in high regards for expediting the development of the economy by means of their contemplative measures. The Industrial sector of Pakistan, welcomes the change with open arms, expecting that the policies will initiate the growth required.
Zakaria Usman, Advisor to EFP-EC, Chairman Budget Committee has added how these notable policies will Pioneer the way for the demanded expansion and evolution in Pakistan by means of, the ease it instigates for the industrial sector of the country.
As always, Ismail Suttar mentioned how the consideration and analysis of important entities never fail to play a very vital role in establishment of sustainable systems in the economy, that will build the trust of business communities in the region to foster growth and development on their end, which as expected will now be the case.
