On Wednesday, former President Asif Ali Zardari said Pakistan needs a Charter of Economy like the democratic forces signed Charter of Democracy for the stability of democracy in the country.
“I will talk to all political parties to bring them on board for it,” Zardari said.
Asif Ali Zardari was addressing the seminar on Charter of Economy organized by Federation of Pakistan Chambers of Commerce and Industry.
He stressed the need to promote, protect and incentivise the local investors as the foreign investors earned five times their investment.
Zardari said Charter of Economy should be for fifty years, not fifteen years as China did. He assured business community of his full support.
Former president said Pakistan needed 200 billion US dollar foreign exchange reserves as 20 billion dollars reserve were nothing. “Once foreign investors invest a dollar in Pakistan, he earns five dollars against the one dollar”.
Asif Ali Zardari said no one is ready to invest in Pakistan at world’s highest mark-up rates. Talking about the defence budget, he said that no one will question the defence expenditures if Pakistan’s exports will be 200 billion dollar.
He said government facilitate businesses. He also said government don’t run businesses. “If the governments facilitate businesses and trade, they will earn profit and pay taxes,” Zardari said.
He also said PPP believes in increasing taxes by increasing income.
Zardari talking about his past government performance, said that CPEC was brought in Pakistan by him.
He said government don’t run the transport business. “We in Karachi running the buses by the private sector”, he added.
