President Dr. Arif Alvi says government is committed to provide a competitive and fair business environment to entrepreneurs and build a sustainable economy.

He was talking to a delegation of Lahore Chamber of Commerce and Industries led by its President Mian Tariq Misbah-ur-Rehman in Islamabad today (Wednesday).

The President said government has provided historic stimulus package of 1.2 Trillion rupees as economic relief to help business community and poor strata of society.

The delegation informed the President about certain problems being faced by the business community. The President assured the delegation that he would ask the concerned quarters to help address their problems.

The President told the delegation Pakistan’s economy, despite the pandemic, is performing well as is evident from the increase in tax collection and a surge in exports. He said exports during the last 10 months grew by 13 percent equal to 20.879 Billion dollars as compared to 18.408 Billion dollars during the corresponding period last year. He adds that revenue collection exceeded its target of 3.637 Trillion rupees by more than 143 Billion rupees during the last 10 months of the current Fiscal Year.

The President urged the business community to play its active role in encouraging businessmen to pay their taxes so that budget deficit could be reduced and more funds could be allocated for development work.

The delegation appreciated the economic policies of the government, particularly the historic stimulus package provided during the pandemic.