Business
Chambers join hands to prop up economy | The Express Tribune
KARACHI:
The Karachi Chamber of Commerce & Industry (KCCI) and the Lahore Chamber of Commerce & Industry (LCCI) have agreed to strengthen cooperation for Pakistan’s economic revival.
During a meeting held at KCCI on Saturday, KCCI President Rehan Hanif and LCCI President Faheemur Rehman Saigol said that Pakistan had great potential despite facing serious challenges, but cautioned that poor policies and neglect of the private sector could make the economic situation worse.
Saigol stressed that Pakistan’s economy continued to survive only because of its immense potential as the country was blessed with abundant natural and human resources not found elsewhere in the region. However, he lamented that “the real problem lies in mismanagement of these resources”.
“With a population of 240 million, Pakistan has a huge consumer market. However, instead of promoting local industries and encouraging import substitution, our policies have increased the country’s trade deficit,” he said.
The LCCI chief explained that the main purpose of his visit to KCCI was to ensure that business communities of Karachi and Lahore were on the same page. “Our strength lies in securing a rightful share in policymaking. Legislation must be framed in consultation with the business community, which is the actual stakeholder and understands how tax collection targets can be effectively achieved,” he said.
He invited KCCI office-bearers to visit LCCI, stating that such an exchange would help establish a historic and much-needed liaison between the two leading chambers. “Only through a unified voice, we can expect to get our issues resolved,” he affirmed.
Businessmen Group Vice Chairman Anjum Nisar emphasised that a unified stance would compel the government to address legitimate concerns.
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Crunch talks between resident doctors and the Government are set to continue in a bid to avert strike action.
Sir Keir Starmer has given the resident doctors committee of the British Medical Association (BMA) a deadline to reconsider a deal on pay and jobs which includes an offer of thousands of extra NHS training posts.
It is understood the proposal will be removed from the deal if resident doctors in England press ahead with a six-day strike from April 7 in a row over jobs and pay.
Dr Jack Fletcher, chairman of the resident doctors committee of the union, said: “It is wrong for Government to withhold desperately-needed jobs as part of negotiating tactics.
“Anyone who works in the NHS knows that patients need these 4,000 jobs created as soon as possible.
“We made that very clear to Government in our meetings today.
“We are not interested in arbitrary deadlines – we will be looking to get this dispute ended right up to the last minute.
“We believe there is a deal there to be done if Government is willing to withdraw the changes it made at the last minute that reduced the funding for pay rises. Talks continue.”
It comes as senior medics announced they were escalating their disputes with the Government.
Consultants and other senior doctors are to be balloted on industrial action after ministers announced they would be getting a 3.5% pay award.
Simultaneous ballots of consultants and specialist, associate specialist and specialty (SAS) doctors will run from May 11 until July 6.
Addressing resident doctors, Prime Minister Sir Keir Starmer wrote in The Times: “The truth is this: no-one benefits from rejecting this deal.
“Resident doctors will be worse off. Instead of improved pay, progression and support, they will receive the standard pay award this year, with none of the reforms that would have strengthened their working lives.”
The deal sets out a minimum of 4,000 new additional specialty posts to be delivered over the next three years.
NHS England boss Sir Jim Mackey confirmed the offer to expand training places will “come off the table” if an agreement is not reached.
The walkout, which is due to run from 7am on April 7 until 6.59am on April 13, will be the 15th round of strikes by resident doctors in England since 2023.
In a letter to health leaders, Mike Prentice, national director for emergency planning at NHS England, wrote: “We expect this round to be challenging as there is a shorter notice period, bank holidays within the notice period and the action itself falling during the Easter holidays.
“This will represent a significant strain on staffing resources to provide safe cover.”
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