APBF Directs To Patronize Local Investor & Business Sector in Pakistan
Recently All Pakistan Business Forum (APBF) has advised the Government to adopt the policies of patronizing local investors and business sector here in Pakistan to ensure larger gains from the China-Pakistan Economic Corridor Project (CPEC). All Pakistan Business Forum is deeply observing the development in the business sector and policies being practiced by the Government with respect to attracting the foreign investors by highlighting investment opportunities in Pakistan especially with in the future prospects of CPEC project.
APBF has observed lack of encouraging strategies on the government side to motivate the local investors in Pakistan to come forward and play their part in the development of the country’s economic well being. President APBF –Mr. Ibrahim Qureshi expressed his dire concerns on the matter of such economic policies and the possible results in the future while implementing such policies. Mr. Qureshi said, “We strongly believe in free trade and business without any discrimination or protectionist policies in favor. But this is our responsibility to direct government against the implications of adopting narrow and limited sighted policies of the economic future.”
Mr. Qureshi also said, “Local investors here in Pakistan must be provided with the facilities, both on the policy as well as operational levels with the motivational mode. Our local business community and investors are more worthy of being patronized for the purpose of providing the security of their investment and business. Because it is the growth and development of the local sectors that indeed translates reliable foundation of National economic growth and prosperity.”
Mr. Qureshi while explaining the importance of local investors said that no doubt APBF has been engaged with various resourceful organizations and business communities all around the world but it is equally important for the brighter future of Pakistan to emphasize on capacity building and strengthening the local business sector. CPEC will be the huge opportunity in terms of investment, trade and business, and even services sectors. And it must be seriously taken by the government. And on the side of local investment and business multipliers effect of capital is crucially important as it remains in and keeps on re-circulating within the local economy. Hence this actually vitalizes the very economic fabrics of society and a nation.
All Pakistan Business Forum (APBF) is a vibrant business association, with over 2000 member from the highly reputed business community, all around Pakistan, which promotes and protects the interests of the business community and industry. It has strong insight on national and foreign policy shaping and advising. Subsequently, it also suggests and advises the Government sector, regarding policy formulation, regulatory realignments and implementation in the commercial and industrial sectors of the economy. APBF has been consistently playing a positive role in the elevation of standards and facilitation of business activity in Pakistan. APBF as a representative of Pakistani business community has a decorated reputation in the foreign business spheres, both at the regional and international level.