SM Tanveer says boosting local industries is crucial for national development. Business leaders stress decentralization, export growth, and industrial reforms to make Pakistan a trillion-dollar economy.
Decentralization and District-Level Growth
Patron-in-Chief of United Business Group, SM Tanveer, emphasized that boosting local industries is crucial for national development. He highlighted that decentralizing the economy and strengthening district industrial units are essential for creating jobs, supporting small businesses, and ensuring sustainable growth across Pakistan.
Pakistan’s Potential to Become a Trillion-Dollar Economy
Speaking at a press conference in Islamabad, Tanveer said Pakistan has the resources to become a trillion-dollar economy if the right policies are implemented. He stressed that boosting local industries is crucial for national development, as the country has rich natural resources, including minerals and precious stones, that can fuel long-term growth.
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Comprehensive Industrial Policy in the Making
SM Tanveer also appreciated the efforts of Haroon Akhtar Khan, Special Assistant to the Prime Minister on Industries, who is working on a new industrial policy. He said boosting local industries is crucial for national development and this new policy will provide the roadmap for industrial modernization, investment, and export growth.
Business Community Stands with Government
President FPCCI, Atif Ikram Sheikh, said Pakistan’s business community fully supports the government’s vision for economic revival. He agreed that boosting local industries is crucial for national development, adding that infrastructure development and completing the privatization process are vital to attract investors and stabilize the economy.
Export Growth Target of $100 Billion by 2030
The FPCCI president also announced a target to increase Pakistan’s exports to $100 billion by 2030. He said boosting local industries is crucial for national development because export-led growth depends on strong domestic industries, better infrastructure, and timely execution of reforms.
Role of Business Community in Revival
President ICCI, Nasir Mansoor Qureshi, echoed similar views, saying the business community is a major stakeholder in the economy. He emphasized that boosting local industries is crucial for national development, and the private sector is ready to play its role in the revival of the economy through investments, innovation, and partnerships.
Conclusion: The Path to Economic Revival
The message from business leaders is clear: boosting local industries is crucial for national development. With decentralization, effective policies, and support from both government and the business community, Pakistan has the potential to transform into a trillion-dollar economy. Experts believe that boosting local industries will not only create jobs but also strengthen exports and attract investment. By focusing on boosting local industries, Pakistan can achieve long-term sustainable growth and economic stability.
