Govt making efforts to control economic losses: Razak Dawood

Govt making efforts to control economic losses: Razak Dawood

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FAISALABAD: Advisors to Abdul Razak Dawood, the prime minister of business, textile and investment, said the government is trying to control the economic losses caused by the fragile national economy caused by the corona virus blockade.

A video link with the head of the office of the Faisalabad Chamber of Commerce and Industry (FCCI), he discussed in detail the problems faced by the business community and hindered the rapid payment of electricity bills and the salaries and wages of employees in the industry Pay the SBP refinancing plan.

He said that SBP has issued a notice on the refinancing plan to pay wages to SME units that will not lay off workers during the lock-up period.

He said the circular was issued on April 5, 2020, but there are differences due to the inability of all walks of life to take advantage of this convenience.

He asked the FCCI chairman to propose the necessary amendments to the circular in order to maximize the benefits of the plan.

Regarding the appointment of honorary business consultants to undiscovered countries that may have great potential for export to Pakistan, the consultant agrees in principle and requires the FCCI chairman to nominate exporters by country that can be appointed as honorary consultants.

Regarding the payment of electricity for three months, Razak Darwood said that he will discuss this issue with the relevant departments.

Earlier, FCCI Chairman Rana Sikandar Azam Khan said that the government had announced a plan to pay three months of electricity for the SME sector. He lamented that Fesco not only did not facilitate the disturbed industrial and commercial units, but instead not only increased the late fee in the bill, but also cut off the connection between them. These departments include textile and printing departments, sizing machines and power looms.

During the video link meeting, vice presidents Bilal Waheed Sheikh, Rana Ikramullah, Saeed Iqbal and engineer Babar Shahzad also attended the meeting.

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