ISLAMABAD  - Despite the numerous challenges faced by the economy at local and international levels, national economy was still growing and heading in the positive direction. The macro economic indicators like consumer price index, foreign exchange reserves, remittances and agri sector remained on right track whereas stock market and financial sector are also showing rapid growth and progress, said ICCI President Zafar Bakhtawari.

Talking to APP here on Wednesday, he said that the country was facing challenges like war against terror. Besides, he said, energy shortages are putting a negative impact on trade and industrial sector of the country. Zafar Bakhtawari urged the government to minimize its role and intervention in commodities market by fixing their prices and let the market forces determine prices of the commodities. The ICCI chief stressed the need for taking the business community members on the board of directors of the governmental and semi governmental organizations to turn them profit oriented entities by utilizing the expertise of the private sector. He informed that major public sector corporations including PIA, Pakistan Railway and Pakistan Still Mills were consuming about Rs 400-600 billion per annum and giving a dent to national economy.

These organizations, he said, could turn into profit making organizations by privatizing them, appointing the professional board of directors and CEOs and eliminating the political influences. He suggested to form a committee consisting of the officials of civil administration, judiciary, herties and business community for keeping the privatization process transparent.

He also urged the government to facilitate the local investors besides giving the incentives to the foreign investors for promoting the industrial sector and economy in economy.

Replying to a question, he stressed the need for providing commercial plots for industrial sector on cheaper rates in the industrial zones of the federal capital so that the business community could establish industries, enhance productivity for exports and generate employment opportunities.

Meanwhile,  Islamabad Chamber of Commerce and Industry (ICCI) President Zafar Bakhtawari has assured the traders of the capital of Chamber’s help to resolve their issues.

He was talking to a delegation of Traders Welfare Association of Jinnah Super Market led by its president Ejaz Abbasi at Chamber House on Wednesday.

Speaking on the occasion, Zafar Bakhtawari said that these interactions provide us opportunity to discuss problems being faced by the traders of different sectors and highlight the same at relevant forums for resolving them.

He said that the ICCI has always been working for the cause of business community so that they could be facilitated in promoting their businesses smoothly. He said that business community has been playing vital role in the development of the country. Bakhtawari said that we all should follow best business practices which create an environment of mutual respect and trust.

Munawar Mughal, former president ICCI, said that maximum traders should get the membership of ICCI and strengthen its hands so that it could fight for their rights more effectively. He said that ICCI always promoted the interests of all traders and industrialists without any discrimination.

President Traders Welfare Association Jinnah Super Market said that business community of Jinnah Super Market has particular association with ICCI.

He said that with the efforts of ICCI, document of a balanced rent control act has reached the parliament and expressed hope that it would soon be made into a law.