KARACHI: Senator Syed Zafar Ali Shah has said that the political, social and economic system of the country is in grave danger which necessitates unity among all the stakeholders.
The senator said this while talking to businessmen at FPCCI Capital Office where he came to congratulate Munawar Mughal on assuming charge as Vice President of FPCCI.
He said that political stability is crucial for economic growth and bringing people out of poverty as predictable environment attracts investment that results in poverty reduction, job creation, increased state revenues, and funds for welfare and educational projects, he said.
FPCCI Chairman Coordination Faisal Saleem Rehman and a large number of prominent businessmen were also present on the occasion.
Zafar Ali Shah said that violence does not normally allow a state to enter the rank of high-performers therefore government is trying its best to ensure peace. But, he said, cooperation of masses as well as the business community is critically important in the regard so that we do not remain economically declining. He added that economic growth leads to a rise in the visibility and power of the middle-class.
At the occasion, Munawar Mughal informed the senator about problems faced by the business community. He said that political stability is a pre-requisite for economic growth and development of the country.
Mughal said that good governance is imperative for sustaining a sound political, social and economic system in the country.
