LAHORE, SEPT 14 (DNA) – The Leather and Shoe Merchants Association have expressed complete and unconditional confidence in PIAF (Anjum Nisar Group), announcing their support for the Piaf Pioneer Progressive Alliance (PPPA) for the upcoming LCCI elections.
In presence of print and electronic media at office of PIAF the Leather and Shoe Merchants Association President Mehmoodul Hasan, General Secretary Fazeel Saqib and Artificial Leather Manufacturers and Traders office-bearers held a meeting with the PIAF patron-in-chief Mian Anjum Nisar and PIAF Chairman Faheemur Rehman Saigol. The meeting was also attended by the Chamberlain Road Traders President Abid Saeed Pal and Vice President Fazal Javed, besides the representatives of Cooper Road, Biden Road, Bilal Ganj and other adjacent markets.
Speaking to the delegation, Mian Najam Nisar and Fahimur Rehman Saigol said that the service of traders from the platform of PIAF has been going on for the past 52 years and the presence of a large number of traders and industrialists in every event is the proof in this regard. It shows that PIAF is not just a show but a name of service to the business community and the voters of Lahore Chamber make the Alliance successful.
PIAF Patron-in-Chief Mian Anjum Nisar, Chairman PIAF Fahimur Rahman, Muhammad Ali Mian, Abuzar Shad, Senior Vice Chairman PIAF Nasrullah Mughal, Vice Chairman Tahir Manzoor Chaudhry and others participated.
PIAF Fahimur Rahman Saigol, addressing the meeting, said that PIAF has an excellent record of 22 years of service to the business community because PIAF brings qualified and working people to Lahore to advocate for the business community.
The PPP Alliance leaders Ali Hussam and Khalid Usman advocated for the policy rate to be reduced to a single-digit figure to alleviate the financial burden on the business community and stimulate economic activity.
Anjum Nisar highlighted that the tight monetary policy, combined with the government’s significant domestic borrowing, has left minimal room for business growth.
Vice Chairman Tahir Manzoor Chaudhry stressed the urgent need for the government to freeze both domestic and foreign borrowing and to devise a comprehensive strategy to showcase Pakistan’s economic potential to international investors. He condemned the central bank, stating the policy rate should be further reduced. In the budget, relief should be given to exports so that exports can be increased. In the last one month, only 3.5 billion dollars of remittances have come, which can be increased further.
The participants of the meeting said that the role of business community is vital for the economic uplift and stability of the country. They appreciated the role being played by the PIAF in the country’s economic development. They said at present, tough economic conditions called for taking difficult decisions but the government should improve the economy.
Addressing the meeting PIAF Chairman Faheem Ur Rehman Saigol called for taking all steps to ensure a business and investment-friendly environment as it was imperative for economic progress and prosperity of the country. Pointing out the problems being faced by the trade and industrial sectors, he stressed the need for providing a level-playing field to the business community. The government should also reduce the cost of doing business by ensuring supply of energy at concessional tariff especially for SMEs sector, he added.
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