FPCCI President Urges Energy Sector Reforms for Industrial Growth

Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), advocates for revolutionary measures in the energy sector to propel industrial growth, emphasizing the urgency of economic reforms for the democratic government.

Sheikh, casting his vote in Islamabad’s NA-46 constituency, underscores Pakistan’s need for urgent strategies akin to wartime efforts to achieve a GDP target of 2.4 percent by 2025. He particularly stresses the necessity of revisiting interest rates to balance trade and implementing revolutionary measures in the energy sector.

Emphasizing the importance of global stakeholder engagement for sustainable economic development, Sheikh urges the incoming government to promptly address challenges faced by local industries amid intense global trade competition.

He expresses optimism about enhancing local industries and trade through bilateral agreements with African and Middle Eastern countries.

Reaffirming FPCCI’s commitment to extensive collaboration with the incoming democratic government, Sheikh stresses joint efforts by industrialists and traders for national prosperity post-elections.