Business community calls for unity to stabilize economy

Business Jan, 11 2025
Business community calls for unity to stabilize economy
  • 399
  • 0

ISLAMABAD: The United Business Group (UBG) of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has emphasized the need for cooperation and unity within Pakistan's business community, highlighting these factors as crucial for stabilizing the national economy.

Zafar Bakhtawari, the Secretary General of the United Business Group, made these remarks during a visit to the Islamabad Chamber of Small Traders and Small Industries (ICSTSI), where he spoke on the importance of collaboration and integrity in business. "Businesses and personal brands should be built on hard work and integrity," he said, stressing that business leaders must lead by example and work together to strengthen the economy. He further added that unity was essential to making the voice of traders and entrepreneurs stronger and more effective. Bakhtawari also praised the role of the ICSTSI in working consistently for the welfare of the business community, acknowledging the chamber's efforts in creating opportunities for its members. He expressed his belief that the newly elected leadership would play a key role in driving the chamber's growth and development in the future.

"We must unite as one; only then will our voices be heard," he stated, urging the business community to collaborate in order to help Pakistan overcome its current economic challenges. Saqib Abbasi, the newly elected Chairman of the ICSTSI, echoed Bakhtawari's sentiments, underlining the importance of collective efforts for achieving success. "As we embark on this new journey, it is essential to recognize that we can only progress through unity. Business leaders have a responsibility to create opportunities for others and grow together," Abbasi said, emphasizing the need for a unified approach within the business sector. The outgoing Chairman of ICSTSI, Qazi Ilyas, also highlighted the importance of collaboration in achieving the collective goals of the chamber. "Today, we must work together for the development of the city and the country. If we unite, we will not face difficulties in achieving our goals," he asserted. Ilyas expressed hope that the chamber would continue to receive support in its efforts to promote the growth and success of small traders and industries in the future. The discussions at the event were centered around fostering a more cooperative and unified business community to overcome the economic hurdles Pakistan currently faces. Business leaders agreed that only through mutual support, hard work, and collective effort could Pakistan's economy see the stability and growth it desperately needs.

The call for unity comes at a critical time when Pakistan's economy is grappling with challenges such as inflation, fiscal deficits, and an ongoing energy crisis. Business leaders are hopeful that through such unity, they can contribute to the economic recovery and stability of the nation.

NC Big Stories

Customs Seize Smuggled Honda Civic from Karachi’s NMB Wharf

KARACHI: The Anti-Smuggling Organization (ASO) of Pakistan Customs has seized a smuggled and duty-unpaid Honda Civic car from the NMB Wharf area of Karachi following credible intelligence regarding its illegal importation. According to the official s...

Narrative Warfare and Media Diplomacy: Pakistan’s Response to Disinformation During the 2025 India-Pakistan Conflict

Regional tensions have always been a top headline in International and National media. From Russia- Ukraine issue to Pak-India conflict the world has been witnessing many great challenges and upheavals among nations. The traditional means of war has...

Abandoned Government School buildings turn into drug dens in Sher Shah Colony

KARACHI: On the directives of Sindh Ombudsman Muhammad Sohail Rajput, Aftab Ahmed Khatri, Regional Director of the Provincial Ombudsman Sindh (POS) for Keamari District/West Karachi, along with Salahuddin Siddiqui, conducted an inspection of the...

Awareness seminar held in Karachi on Right to Self-Determination Day for Kashmir

KARACHI: An awareness seminar was organized in Karachi on the occasion of Right to Self-Determination Day by the Youth Forum for Kashmir – Karachi Regional Office (YFK-KRO). Political, social, religious and media personalities attended the even...

More like this
Related

Jazz to launch iPhone 17 in Pakistan with exclusive benefits

Karachi: Jazz has partnered with Mercantile, the official Apple Authorized Distributor, to bring the highly anticipated iPhone 17 to Pakistan. This collaboration ensures customers receive the newest iPhone with full regulatory compliance, official wa...

PM Shehbaz urges IMF to factor in flood damage in review

NEW YORK : Prime Minister Shehbaz Sharif has called on the International Monetary Fund (IMF) to consider the devastating economic fallout of recent floods in Pakistan during its upcoming programme review. Speaking in New York on Wednesday, on the sid...

Govt eyes on sustained growth driven by domestic resources: Ahsan Iqbal

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal while highlighting development priorities of the government, has that Balochistan has been put on an accelerated development path for which Rs230 billion have b...

ADB projects Pakistan's GDP growth at 2.5%, inflation at 6%

ISLAMABAD: The Asian Development Bank (ADB) has projected Pakistan's GDP growth to remain steady at 2.5% in the fiscal year 2025 (FY2025), with a slight increase to 3% in FY2026. The growth is supported by the implementation of a reform program that...
Need Help? Chat with us