Cottage industry’s poverty to be reduced, FPCCI demands
ISLAMABAD: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) demanded additional steps from promotion of cottage industry to reduce poverty and bailout the country from economic problems it was facing on Sunday.
Chairman Syeda Saeeda Bano of FPCCI said that Cottage industry, small traders and women entrepreneurs should be given more attention to ensure rapid development of the country.
She added in a joint statement with committee’s Senior Vice Chairman Raja Hassan Akhtar that a cluster for cottage industries must be established on China-Pakistan Economic Corridor (CPEC) after every 300 kilometres to boost the economy.
She further added that over 69 percent businesses fall in the category of cottage industry and small businesses, but this sector was neglected. How can Pakistan become a success when cottage industry, small traders and women feel sidelined? She questioned, adding that government should revisit some policies.
Raja Hassan Akhtar on the occasion said that there were 1.5 billion poor in Asia of which 660 million were very poor; majority of world’s poor lives in SAARC region that can be lifted out of poverty by policy intervention. He said that reasons behind poverty among women included unfriendly attitude of policymakers, gender inequality, lack of education, absence of credit facilities, and apathy towards SMEs etc.