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Empowering State Bank of Pakistan will have positive impact on national economy: President Pakistan Businessmen and Intellectuals Forum

ISLAMABAD,( Aug 3): President of Pakistan Businessmen and Intellectuals Forum and former provincial minister Mian Zahid Hussain has said that empowerment of State Bank of Pakistan would have a positive impact on the country's economy. Talking to the business community, he said that the government should enact legislation as soon as possible to make the role of the central bank more effective as well as change in the rules of the SBP. He said that reforms were also being made in FBR. Manpower performance is being improved and it is being given autonomy in many matters. The government, with the help of the World Bank, is also working on a plan to simplify the tax system, reduce withholding taxes, resolve business disputes quickly and expand the automated system, which will have a positive impact on some of the business community. Important issues will be resolved. He said that work was underway to make the Afghan transit trade system easier and cheaper. He said that reforms were also being made in the departments of SECP and Auditor General, including reorganization of these institutions, business processes, human resources and This includes making the current procedure more efficient and professional. It has also been decided to restructure the PIA, Railways and the Competition Commission, which will be a challenge. Various measures are being taken seriously to reduce business costs while various measures are being taken for industrial development including changes in local government laws. In this regard, the Federation of Pakistan Chambers of Commerce and Industry (FPC) If the CI is consulted purposefully, we will cooperate fully with the government and provide professionalism.



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