The Pakistan Business Council (PBC), a business policy advocacy forum that has extensive investment in Pakistan’s economy, hosted a seminar for the delegates of National Security and War Course 2014-15 at Karachi School for Business & Leadership (KSBL) on Thursday, October 2, 2014. This was the second visit of delegates from the National Defence University to KSBL. Like last year, the event was organised to introduce the senior officers from Pakistan Military, Navy, Air Force and Civil Services to PBC’s role in the growth of trade & commerce and economic development of Pakistan.
The seminar commenced with Dr. Imran Ali, Dean KSBL, introducing the audience to the institution, followed-by a presentation made by Mr. Kamran Mirza, CEO PBC, about the council’s objectives and implementation strategy. The panel comprised of five prominent business leaders including Bashir Ali Mohammad, Chairman, PBC, Atif Aslam Bajwa, President, Bank Alfalah, Ehsan Malik, CEO, Unilever Pakistan, Khalid Mahmood, Managing Director, Getz Pharma, Pervaiz Ghias, CEO, Indus Motor Pakistan, Riyaz Chinoy, CEO, International Industries.
The presentation led to an open platform for questions on trade relations between nations, public welfare, education, and the role of the government in facilitating trade and commerce in the country. Answering a question about PBC and its objectives, Mr. Kamran Mirza mentioned that the council is not a federation, but it is a forum that focuses on national issues that are being faced by Pakistan. To a question about the benefits of the “GSP-PLUS” status for Pakistan by the European Union, Mr. Bashir Ali Mohammad shared that there are two systems in the world, one being followed by China and India for instance, where you regulate the exchange rate and give export incentives while levying higher import duties to protect the industry; or the Turkish and Brazilian system where the currency is adjusted which then runs the economy and regulates trade. What the country needs is the fiscal space to follow one of these systems for greater benefits. Many other questions revolving around the role of business community in Pakistan’s resilience were answered by the panel.
The event provided a good opportunity to the Officers to interact with Industry experts and gain better understanding of contributions of private sector in socio-economic development of Pakistan. The officers learnt about the implementation strategies of the business sector and appreciated their efforts.
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