In a significant move to bolster Pakistan's economy, Federal Minister for Railways Muhammad Hanif Abbasi declared on Saturday that the government is actively revising all business-related policies. This initiative aims to cultivate a business-friendly environment, ultimately boosting exports and strengthening the nation's foreign exchange reserves.
Renovated Hall and Government Resolve
The announcement came during the inauguration of the newly renovated Munawar Mughal Hall at the Islamabad Chamber of Commerce & Industry (ICCI). Minister Abbasi used the occasion to reiterate the government's firm commitment, under the leadership of Prime Minister Muhammad Shehbaz Sharif, to address the pressing concerns of the business community.
The minister pledged to soon arrange a meeting between the ICCI leadership and Interior Minister Mohsin Naqvi. This step is intended to help resolve longstanding issues related to the Capital Development Authority (CDA), a key demand from local entrepreneurs.
Railways Modernization and Economic Tributes
Sharing updates on national infrastructure, Abbasi revealed that the modernization of Pakistan Railways is advancing at a rapid pace. All major stations across the country have now been successfully digitized, marking a major leap forward for the public service.
The minister also paid rich tribute to the armed forces of Pakistan for their historic victory in the Marqa-e-Haq operation. He further appreciated the ICCI for its active and constructive role in supporting the government's economic reform initiatives.
Business Community Responds and Demands
Addressing the gathering, ICCI President Sardar Tahir Mehmood thanked the minister for his support. He stated that the upgraded Munawar Mughal Hall reflects the chamber's dedication to institutional enhancement and improved stakeholder engagement.
Mehmood presented a core demand from the business sector, calling for the inclusion of top entrepreneurs in the nation's economic policymaking. He emphasized that sustainable economic progress is impossible without consulting the real stakeholders of the economy. He also stressed the urgent need for reduced interest rates, lower energy tariffs, and rationalized taxes from the Federal Board of Revenue (FBR) to ease the mounting burden on businesses.
Echoing these concerns, Chairman Founder Group Tariq Sadiq praised the public-private partnership initiatives within Pakistan Railways. However, he issued a strong caution, stating that irrational taxation is jeopardizing business sustainability and must be addressed as a top priority by the authorities.
The ceremony, moderated by Senior Vice President Tahir Ayub, also highlighted ICCI's recent milestones. Chairman Construction Committee Mian Akram Farid briefed participants on the renovation, confirming that the upgraded facility will significantly enhance ICCI's capacity to host international conferences, foreign delegations, and exhibitions at modern standards.
