By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif has tacked together a powerful new panel that brings together federal ministers, lawmakers, and business tycoons to join heads for the promotion of commercial activities in the country, a statement said on Monday.
The newly-formed Business Advisory Council (BAC) will review and formulate business friendly policies under a competitive environment to scout the marketplace, gauge future trends, and seek new strategic positions in the global market, as well as provide a catalyst in the country’s efforts to sustain economic progress.
The BAC will be chaired by the Prime Minister and membered by Shahid Khaqan Abbasi, Ahsan Iqbal Chaudhry, Dr Miftah Ismail, Marriyum Aurangzeb, Dr Aisha Ghaus Pasha, Musadiq Masood Malik, Engr Khurram Dastgir Khan, Syed Naveed Qamar, Saleem Mandviwalla, Senator Talha Mehmood, Asif Riaz Tata Textile Naveena Group, Arif Habib (Financial Services/Fertiliser), Aurangzeb (HBL), Muhammad Ali Tabba (Lucky Group), Fawad Anwar (Al-Karam Textile), Tariq Pasha (Ex-Chairman FBR-IRS), Mian Muhammad Mansha (MCB/Nishat Group), Atif Bajwa (CBO Bank Alfalah), Waqar Ahmad Malik (MD/CEO Fauji Foundation), Shahzad Saleem (CEO Nishat Group), Rahman Naseem (Textile/Fertiliser), Faisal Farid (PepsiCo), Musadaq Zulqarnain (CEO Interloop), Dr Asim Hussain, Salman Ahmed, Asif Peer (CEO Systems Pvt. Ltd), Irfan Iqbal Sheikh (FPCCI), Hasnain Khurshid Ahmed (Sarhad Chambers of Commerce & Industry), Fida Hussain (Quetta Chambers of Commerce), Amanullah Talpur (Progressive Grower), S Anis Ahmed (MD Abbot Labs), Agha Shahzaib Durrani.
The BAC will be engaged on a monthly basis on the core business issues, review and formulate business friendly policies to boost the industrial sector. It will help in executing policy actions in the best possible professional way to achieve the planned targets.
The main responsibilities of the council will be to review and advise how the business establishments can flourish in a competitive and business friendly environment.
It will also review exports structure for further diversification and value addition to find out possibilities of exports expansion.
The council will promote and formulate business linkages with leading multinationals for the development of supply chain JVs so that Pakistani companies grow and flourish further on modern lines to cope with the global dynamic business environment.
It will also analyse the effectiveness of the role of government in the provision of facilities to the business class especially pertaining to ease of doing business and other financial support provided to SMEs to create an export-oriented economy.
One of the council’s responsibilities will be to advise/help government authorities in implementing business-oriented projects/programmes by formulating evidence-based policies. The BAC structure will initially meet once a month (virtually/physically).
The specific sub-committees will be formed for focused assignments mandated with the timelines and defined scope. Moreover, the BAC may co-opt any other member as per requirement.
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