FCCI for encouraging public-private partnership

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FAISALABAD: The president of the Faisalabad Chamber of Commerce and Industry (FCCI) Mian Zahid Aslam has said that investment-friendly environment is the top mobilising force to gear up business and industrial activities in the country. In a statement, the FCCI chief said that it would jack up the GDP and economic growth, which were the lowest in the region. He said that under the prevailing economic situation, businesses have become stagnant and it would be impossible even to achieve the fiscal deficit at 4.7 percent and unlikely to be contained below six percent for the current fiscal year.

He said foreign investment had already declined by 67 percent to US$87 million during July-Sept 2012-13 against US$263 million the same period last year. About the causes for this, he said that the energy crisis, lack of good governance and deteriorating law and order were the major factors.

Courtesy: The News

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