Renowned business man & Chairman of Nishat Group Mian Mohamamd Mansha has asked the government for creation of an “enabling environment” for the business community. This would help the investors to “concentrate and dedicate all efforts towards generating economic activity”.
These remarks were uttered while he was attending a dinner reception he hosted for the President Mr. Arif Alvi along with his wife. According to a press release, “Lahore-based business families” also attended the reception. As per Press release Mr. Mansha said, “The business community are major stakeholders and thus the government needs to be in constant dialogue with us so we can synergise efforts and attain economic progress”.
He added, “The business community also needs to be provided [with] an enabling environment, one that is free from harassment, intimidation and bureaucratic bottlenecks, so that they can concentrate and dedicate all efforts towards generating economic activity without which, neither growth can be achieved nor jobs can be created for our youth.”
“The government should privatize ill-performing enterprises”, recommends Mansha
Chief of Nishat Group also recommended the government to privatize “inefficient state-owned enterprises”, quoting that they “are generating losses which have to be offset with tax money, which could otherwise be spent on the welfare of people”. President Alvi also delivered speech on the occasion. He assured the business community about good future by saying that “the worst is over”.
Press release quoted the president saying, “We are cognizant of the fact that Pakistan is undergoing economic difficulties, but there are clear positive signals that the worst is over and our economy and indeed our society are in the process of recovery”.
“The business community has rendered invaluable services in the development of Pakistan and we request you all for a little more patience while the government’s reform process takes root and demonstrates results. There is also a need to avoid cynicism and undue criticism of state institutions.”
“Bad days are over and we are on the way to success”, says Arif Alvi
Mian Mansha appreciated the government’s “successes” in improvement of security situations of the country as well as “in bringing back PSL”. He said while highlighting the stability in Afghanistan, “Prospects of peace in Afghanistan are also encouraging as it will improve security and economic activity in the region and allow enhancement of cross border trade between Pakistan, Afghanistan and into Central Asia.This also bodes well for the business communities of both countries and it holds the promise of economic development and prosperity for the people.”
Other participants in the dinner were Reza Baqir Governor State Bank, Tariq Saigol Chairperson Kohinoor Group, Naseem Saigol Chairperson Pak Elektron Limited, Tariq Rafi Chairperson Siddiqsons Group, Anjum Nisar Chairperson Federation of Pakistan Chambers of Commerce and Industry, Khurshid Mahmud Kasuri former Minister of Foreign Affairs, Syed Yawar Ali Chairperson Nestle Pakistan, Zaka Ashraf Chairperson Ashraf Group, Khawar Rafique Chief Executive Royal Fans and Shahid Abdullah Chief Executive and Director Sapphire Group amongst others.
The Nishat Group of companies is among the region’s largest & most diversified business groups having commercial interests in the insurance, finance, textile, cement, power, paper, hospitality, dairy, real estate & automobile sectors.