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ICCI calls for urgent measures to overcome rising budget deficit

Islamabad: Senior PML-N leader and former Senator Syed Zafar Ali Shah hosted a dinner in honor of Sheikh Amir Waheed President, Muhammad Naveed Malik Senior Vice President and Nisar Mirza Vice President, Islamabad Chamber of Commerce & Industry at his residence. Zubair Ahmed Malik, Chairman Founder Group and a large number of local traders and industrialists also attended the iftar dinner.
Speaking at the occasion, Syed Zafar Ali Shah said that the business community was playing key role in the economic development of the country and government should take strong measures to create enabling environment for better growth of business activities. He said that developed countries achieved fast economic growth by supporting and facilitating the private sector, but this sector in Pakistan was facing many challenges. He urged that government should fully cooperate with private sector so that it could be able to put the country on the path of sustainable economic growth. He assured that he would highlight issues of local business community at every relevant forum for redress.
Sheikh Amir Waheed, President, Islamabad Chamber of Commerce & Industry in his address said that during the first nine months of current fiscal year, Pakistan’s budget deficit has increased to Rs.1.48 trillion which was more than the annual target. He emphasized that the government should take urgent remedial measures to overcome the rising budget deficit.

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