Pakistan set to make economic turnaround: Alvi


ISLAMABAD: President Dr Arif Alvi on Tuesday said Pakistan as the world’s sixth most human resource-rich country could make an economic turnaround by improving ease-of-doing business index and adapting trade techniques to meet global demands. “A world of opportunities awaits us if we learn new trading and marketing trends including value addition and use of technology for an effective outreach to clients,” DrAlvi said in his address here at the All Pakistan Chambers President’s Conclave 2020. The Conclave organized by Islamabad Chamber of Commerce & Industry gathered traders with an objective to highlight the business-related issues and to give recommendations to the government for ease of doing business. President Alvi said trading expertise could be learnt as the phenomenon was ‘all about availing the right opportunities’. He stressed that for traders, the notion of ease-of-doing business was better than seeking subsidy from government, which again had the possibility of taking shape of taxes levied upon them. He said promotion of small and medium entreprises was important to encourage business through low-scale loans and generate economic activity. President Alvi said the world had started realizing the value of Pakistan as an emerging market and mentioned that interest of foreign investors that increased immensely after improvement in security situation. He recalled that Japanese leadership in recent past evinced keen interest in import of Pakistani manpower, mostly comprising youth as compared to Japan’s aging population. He mentioned that Pakistan faced several setbacks and geo-political pressures in the past as a neighbouring country tried to corner it at every forum.