Bilawal stresses public-private partnership, warns of tough period ahead
Business
Highlights the achievements of coalition govt, including the deal inked with IMF
KARACHI (Web Desk) – Things aren’t going to improve for the inflation-hit Pakistanis in near future, as Foreign Minister Bilawal Bhutto-Zardari warned that the next eight to 10 months would be very difficult, calling for finding out-of-the-box solutions.
He stressed the need for partnering with the private sector and make a strategy to tackle the situation and expressed his optimism that Pakistan would overcome these tough times and move forward like it had done in the past.
Addressing a ceremony organised by the FPCCI (Federation of Pakistan Chambers of Commerce and Industry) on Saturday, Bilawal said he would consult the FPCCI on falling exports, rising cost of doing business, high-interest rates, inflation and economic slowdown soon after the dissolution of the National Assembly, he would invite.
The foreign minister also highlighted the impressive achievements in the last few days of the coalition government, especially in securing a loan from IMF and investment commitments from friendly countries.
He was of the opinion that the Public-Private Partnership (PPP) model had worked efficiently in Sindh and the huge challenges faced by Karachi could be met under the same mechanism.
Bilawal noted that no progress could be achieved without facilitating the business community and added that effective economic diplomacy would contribute to sustained economic growth, stabilise self-sustaining growth trajectory, and expand commerce.
