PM Imran Khan To Herald An Era Of Economic Prosperity: Iftikhar Malik

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PM Imran Khan to herald an era of economic prosperity: Iftikhar Malik

The SAARC Chamber of Commerce and Industry (SCCI) Senior Vice President, Iftikhar Ali Malik Saturday felicitated Pakistan Tehrik-e-Insaf (PTI) Chairman Imran Khan for assuming portfolio of Prime Minister and expressed the hope that his induction would usher in an era of economic prosperity.

ISLAMABAD, (UrduPoint / Pakistan Point News - 18th Aug, 2018 ) :The SAARC Chamber of Commerce and Industry (SCCI) Senior Vice President, Iftikhar Ali Malik Saturday felicitated Pakistan Tehrik-e-Insaf (PTI) Chairman Imran Khan for assuming portfolio of Prime Minister and expressed the hope that his induction would usher in an era of economic prosperity.

In a statement issued here today, Malik said that all developed countries follow guidelines by the business community for launching economic and business policies and hoped the PTI government would also adopt a rational and pragmatic approach in this regard.

He said that industry in the country facing energy crisis, adding the newly elected party should take steps for ensuring uninterrupted supply of electricity and gas for sustainable economic growth.

He said PTI government would protect fiscal and monetary policies through legislation.

He said Pakistan's public debt remained high and on the other hand, the perception of corruption hurting its prospects to grow.Unfortunately, for wrong policies of the previous government, Pakistan was fast heading towards another bailout package to meet the grave situation of current account deficits.

He was of the view that defaulting to foreign loans would be more destructive for the country.

"This is why I suggest the government extend the existing amnesty scheme and provide more facilities to oversee Pakistanis convincing them to transfer assets to Pakistan, he remarked.He also highlighted the need of better diplomacy to pull the country out from grey list of Financial Action Task Force (FATF).

He also expressed hope that Imran would take measures to boost Pak-India trade and bilateral relations.