S M Tanveer, interim minister of commerce and industries in Punjab, urged for coordinated measures to address the current economic crisis, rising production costs, and rising inflation rates. He is the patron-in-chief of the Korangi Association of Trade and Industry (KATI).

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He called for rapid efforts to increase cotton output, a crucial raw material for textiles, while acknowledging the serious issues the business sector is facing due to the sharp decrease in textile exports. The pursuit of a large cotton production this year has been unwaveringly pursued. He praised Association’s commitment to promoting economic development.

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KATI President Faraz-ur-Rehman and Patron-in-Chief Zubair Chhaya underscored Karachi’s pivotal role as nation’s economic nucleus. KATI plays pivotal role in this capacity.

Faraz-ur-Rehman lauded contributions of SM Tanveer to business community’s cause. Zubair Chhaya said strenuous circumstances they are grappling with acknowledged establishment of Investment Council by Army Chief as potential catalyst for investment. Senior Vice President Nighat Awan and Vice President Muslim Muhammadi also spoke.

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Published in TechnologyPlus.PK, August, 31, 2023

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