PIAF for 3% raise in GDP

LAHORE: Pakistan Industrial and Traders Associations Front (PIAF) on Saturday called for taking effective steps to scale up the GDP growth up to 3%, which is imperative for survival of the country faced with internal and external challenges.

PIAF Acting Chairman Tanveer Ahmed Sufi along with Vice Chairman Khawaja Shahzeb Akram expressed these views while talking to a group of businessmen at the Quaid-e-Azam Industrial Estate. Sufi mentioned that population in the job market was increasing by 3% per annum, which could be accommodated only if growth rate was at 7.5% that needed country’s economic situation to be more good.

International lenders were predicting that Pakistan economy would improve gradually in the next five years provided projects with Iran and China were completed within stipulated time, and law and orders situation remained normal, he added.

Pakistan was faced with multiple challenges including poverty, unemployment, internal security and external threats for which solid step were needed, he said.

“Only good GDP growth will give the government necessary space to invest in infrastructure, human capital, health and education,” he added.

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