President Dr. Arif Alvi has dubbed businessmen as backbone of the economy and leading contributor to the economic progress and prosperity of Pakistan. 

He made these remarks while addressing a ceremony of Memon Community in Karachi.

The President while appreciating the contributions of Memon community to the economy of Pakistan said hundreds of educational institutes and hospitals are being run by them.

Dr Arif Alvi said more efforts are required to assist the poor people of the country to improve their lives.