RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) on Tuesday welcomed the return of Ishaq Dar and expressed the hope that as finance minister he would immediately announce a package for economic recovery.
In a statement, RCCI President Nadeem Rauf and Group Leader Sohail Altaf said that special packages and incentives should be given to overseas Pakistanis so that remittances could be increased and budget support can be provided.
They said the business community was concerned about the country’s economic situation. They said that economic activities are at a standstill, measures should be taken to revive the construction industry.
“The dollar has depreciated in the last two days, and it is hoped that the exchange rate will be controlled and the rupee will stabilize,” RCCI President Nadeem Rauf said.
He said the recent drop in the dollar has sent a positive message to the market and the stock market has also seen a boom, the business community hopes Ishaq Dar will bring the country out of the economic crisis.
RCCI Group Leader Sohail Altaf said that importers and exporters are suffering from severe problems due to fluctuation in the dollar-rupee parity, economic activities have stopped due to the falling rupee. The Letter of Credits (LCs) are not being opened. We demand that the LCs be opened immediately.
The newly elected President Saqib Rafiq, Senior Vice President Hamza Sarosh and Vice President Faisal Shahzad were officially announced.
The newly elected office bearers will officially assume charge from Oct 1.
Published in Dawn, September 28th, 2022