English Press Release 16.03.2020

FAISALABAD. Pak economy is unable to sustain the global meltdown triggered by Corona Virus and Pakistan government should take immediate measures to save it from total annihilation.

Mr. Zafar Iqbal Sarwar Senior Vice President and Mr. Bilal Waheed Vice President Faisalabad Chamber of Commerce & Industry (FCCI) said that the Pakistan economy was already at the verge of collapse while recent global crisis have made it further difficult to absorb any shock. He said that the Corona scam will pass within next couple of months but its foot prints would continue to punch our economy for the next many years. They said that the industrial sector was already in bad shape but God forbid the closure of industrial sector may open flood gates of unemployment in addition a steep decline in production and export. They said that government should boldly face the emerging challenges to save industrial sector with a focus on the SME sector which has a lead role in export and revenue generation.

Leave a Reply