Press Release

Maximum job opportunities a must’

Pakistan have to create maximum job opportunities to overcome the issues of brain drain and unemployment said the LCCI Acting President Khawaja Khawar Rashid and Vice President Zeshan Khalil in a statement on Tuesday. They said that Pakistan can achieve this target through industrial expansion, improvement in ranking of ease in doing business and public-private partnership.

They said that it always remained a matter of concern for the economy. Ease of Doing Business in Pakistan averaged 112.78 from 2008 until 2016, reaching an all time high of 148 in 2015 and a record low of 85 in 2009.

The LCCI office-bearers said that the cost of doing business is hindering the growth of all sectors of economy whether it is manufacturing or agriculture. They said that Pakistani merchandise are best of the best in the world but fast losing their due place in the international market because of high input cost in Pakistan. They said that ease of doing business, generation of cheap electricity and good governance should be the corner stone of the new economic methodologies to be implemented.

They said that country faced various economic challenges in last year including decline in exports & foreign direct investment, lowest tax-to-GDP ratio and inefficiency of Public Sector Entities but these challenged can be coped through meaningful partnership and dialogues between the government and the private sector.

They said that that the government would also have to focus on agriculture, manufacturing sector, education, water, human resources, minerals, public health, tax collection system and end of corruption should be focused to get rid of economic worries.

The LCCI office-bearers said that the agriculture is the largest sector of Pakistan as around 43% labor was dependent upon the agriculture. They said that this largest sector needs revolutionary reforms on war footing. They said that growth of agriculture sector would not only ensure food security and provision of raw material to the larges export-oriented industry textile but would also generate huge revenue for the government and vast employment opportunities.

They said that country’s population is growing at the rate of 2.10 percent every year and if this growth continues for next two decades, population would cross the mark of 240 million. They said that Pakistan needs to increase the yield per acre on steady pace therefore government should plan to bring that  about 9 million hectors of fertile land under cultivation which is remained useless just because of shortage of water.

They also stressed the need for developing regional, product specific and target oriented marketing strategy. New markets and new products need to be explored to reduce country’s dependence on few commodities and countries. Pakistan’s exports are highly concentrated in few items.

They also called for revival of Engineering Development Board and other public sector enterprises.