ISLAMABAD: Federal and all regional chambers across the country on Monday lauded Finance Minister designated Asad Umar for his recently announced prudent economic policy for taking business community into confidence in decision-making process for preparing the national
agenda for economic revival and traders will cooperate with the government at every level to accelerate the pace of development in the country.
In one-on-one meeting with PTI stalwart leader and seasoned economist Asad
Umar ,he assured him that business community throughout the country would
cooperate with the forthcoming PTI government at every level without
compromising the interests of the business community.
Asad Umar said their party has prepared a comprehensive plan to meet the
economic challenges facing the country. He said PTI government would
constitute an Economic Council and a Business Advisory Council for
resolving economic issues of the country after seeking suggestions from the concerned business community. He reiterated his party’s stance not to
compromise on matters of national security. He said the government’s role
in economy is that of a facilitator and the role of private sector is vital for restoring and uplifting it.
There are 200 state-owned enterprises (SOEs) that cost the exchequer Rs650
billion due to mismanagement, politicized leadership and ailing
infrastructure. He said they will rid these SOEs and depoliticize them. The PTI plans to create a wealth fund to transfer ownership of these SOEs and bring in professional managers to restructure them. He said they will not privatize everything because of strategic reasons but he added that they will first fix them and later decide which ones to privatize.
He also suggested Asad Umar make a comprehensive special package of power
and gas tariffs for rapid industrial growth on the pattern of China.
