Crisis Pakistan

26 April 2013

Crisis Pakistan
Crisis Pakistan

Faisalabad (  All the stakeholders should  work together to steer  the economy out of crisis, Government need to utilize all possible resources to overcome the energy crisis, said Mr. Tauqeer Ahmed, Director General, National Institute of Management (NIM) Karachi during the visit of 155h Mid-Career Management Course participants to Faisalabad Chamber of Commerce and Industry (FCCI) here today.

He said that purpose of their  meeting with the members of FCCI is to have broader insight on the issues being faced by them and solutions thereto  through the  interactive session with them. He  said  it is the dire need of hour that all the stakeholders should work together to steer the economy out of crisis and asked the Mid-Career officers under training to utilize all their energies to facilitate the trade and industry when they resume their offices after completion of  training with NIM.

He said that our progress lies with the country’s progress and appreciated the contribution of business people in the socio-economic development of Pakistan. He said that services of business community towards their corporate social responsibility are laudable.

In his Welcome Address to the Mid-Career participants, Ch. Muhammad Boota,  Acting President,  FCCI said that though the country faced with a lot of severe enormous economic issues but shortage of electricity and gas has crippled the industrial production where textile sector is the worst affected. Due to decreased production, neither foreign orders are being timely fulfilled nor demand of domestic commerce is met and  export target of US$ 16 billion set for 2012-13 would not be achieved, he added.

Giving a comparison of the containerized exports through Faisalabad Dry Port (FDP), he said that  export  shipment has been decreased to 714 containers in March 2013  compared to 3202 containers in  March, 2007.

He said that due to energy crisis, maximum numbers of factories are closed or semi-operational causing increased unemployment due to lay-off of workers from the factories. He said that the main problem is not of lower generation of electricity but of bad management with the power sector. Neither the previous Government has taken it seriously nor is it being dealt seriously now.

He said that in the past billions of rupees have been spent on the income support programs but nothing has been done to launch projects to curtail the unemployment. He asked to the Mid-Career participants to concentrate on the welfare of people, framing policies for promoting education particularly to the lower strata who cannot afford the education expenses to their children

Mr. Abdul Qayyum Sheikh, Mr. Muzammal Sultan, former Presidents, Mr. Jamil Ahmed, Haji Ghulam Dastgeer, Zeeshan Omer, Rehan Ashfaq Sheikh, Ch. Muhammad Asghar, Faculty Member NIM Capt ( R ) Waqar Ahmed and others shared their views on the occasion.



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