Business Economy

Policy On Anvil To Encourage People Bring Capital Back To Country: PM

ISLAMABAD, Feb 1 (APP): Thursday said that the government was considering the formulation of a policy to encourage people to bring their capital back to the country and invest in productive sectors of the .

The prime minister said this in a meeting with a delegation of Federation of Pakistan Chambers of Commerce and Industry headed by its president Ghazanfar Bilour which called on him at Prime Minister’s Office. Minister for Commerce and Textile Muhammad Pervez Malik was also present during the meeting, said a PM Office press release.

The meeting discussed the Issues relating to various sectors of the economy, ease of doing business, enhancement of country’s export, input costs and taxation.

The delegation appreciated the steps taken by the present government especially addressing the law and order, energy crisis and taking the and other stakeholders on-board in putting in place a business-friendly environment in the country.

Highlighting certain issues faced by the business community, the delegation members presented various proposals aimed at further facilitation of the business community, reducing input costs and taking other necessary measures for boosting the confidence of the business community and capitalizing trade potential of the country especially enhancement of trade with international trade partners and organizations.

The prime minister welcomed the delegation and congratulated the newly elected office-bearers of the FPCCI.

Recounting various measures that have been taken by the government for facilitation of the business community, the prime minister said that the government was actively working on improving ease of doing business in the country.

Prime Minister Abbasi said that a proposal for reduction of taxes was also under consideration to facilitate the documentation of economy and broadening of the tax base.

He said that private sector should play a leading role towards the enhancement of the country’s exports. The government would welcome the proposals from the private sector and continue to facilitate the business community in every possible manner, he added.

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