ISLAMABAD, NOV 26: /DNA/ – Business leader and former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr Shahid Rasheed Butt, said on Tuesday that local and foreign investment would become impossible in the country and efforts to revive the economy will go in vain if there is no political stability in the country.
Terrorism has also become a problem which should be controlled. Otherwise, the investors will feel unsafe, he added.
Shahid Rasheed Butt said in a statement issued here today that the military and political leadership have taken many steps to revive the economy, the results of which are coming out.
Similarly, he said that the public and taxpayers have also paid a heavy price to save the country from default.
However, the positive results of all these efforts will be possible only when the law and order situation is entirely satisfactory and local and foreign investors can work without fear.
Shahid Rashid Butt said that, on the one hand, incidents of terrorism are increasing, while on the other hand, political temperatures are rising, which is worrying every Pakistani.
He noted that the political chaos that has been going on for many years is increasing instead of decreasing, causing a loss of billions of rupees while the country’s reputation is deteriorating.
Political chaos is increased when foreign personalities come to the country, which is regrettable.
Shahid Rashid Butt said that according to the government, there is a threat of terrorism in Islamabad, and many attackers have crossed the Pak-Afghan border.
He observed that due to the arrival of an 80-member delegation from Belarus to Pakistan, the government and the opposition could have taken the path of mutual understanding and cancelled or postponed the protest. Still, no wisdom was shown in this regard, which is unfortunate.
He stated that internet restrictions would be counterproductive if the government’s insecurities led foreign companies to withdraw and relocate their operations.
This sector is prepared to collaborate with the authorities to explore strategies that prevent blanket censorship, which could adversely affect jobs, exports, and the overall economy.
He stated that creating a framework that protects national security while addressing the IT sector’s operational requirements is crucial for realising the new export strategy for IT services.
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