Business activities slowly picking up; Worried investors coming out of shell: FPCCI
ISLAMABAD, Aug 7 (INP) The Federation of Pakistan Chamber of
Commerce and Industry (FPCCI) on Monday said following the
political storm, the business activities are slowly picking up
which is encouraging. Some of the investors worried for months
are coming out of their shell that will boost economic
activity, it said.
The new Prime Minister Shahid Khaqan Abbasi should translate
his words into action by taking steps to ensure political and
economic stability, said Atif Ikram Sheikh, Chairman FPCCI
Regional Committee on Industries.
He said that the Prime Minister in his first speech said that
work on CPEC will be expedited which is encouraging.
Atif Ikram Sheikh said that civilian and military leadership
is one the same page as far as the CPEC is concerned while
China has termed the recent developments in Pakistan as its
internal matter which has dispelled the impression that CPEC
will be compromised.
However, he said, support of civilian and military leadership
to the project is not enough, its security and more
importantly, conducive investment environment is also very
necessary.
The government should take steps for stability so that CPEC
can be completed well in time, he said, adding that the
political turmoil had a little impact on the projects under
CPEC which can be ignored.
The reservations of some of the sections of the local business
community should be allayed otherwise they will not invest in
the nine special economic zones along CPEC, he said.
INP/AH/LK
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