KARACHI: Maulana Muhammad Bashir Farooq Qadri, founder and chairman of Saylani Welfare International Trust, has said that continuous action against traffickers and hoarders is the need of the hour. The Apex Committee of the Special Investment Council (SIFC) has approved the policy of resolving internal disputes, providing more facilities to investors and the support of the caretaker Prime Minister and the Army Chief on these measures to improve the economic situation of the country is an appreciable step towards economic prosperity. The IT sector can take the country out of the economic crisis by increasing its exports.

He expressed these views while talking to a delegation of young people receiving IT training at Saylani. He also highlighted  the progress made so far regarding the provision of IT training by Saylani Trust. Maulana Muhammad Bashir Farooq Qadri further said that the economic condition of the country is devastating at present as the level of the inflation is touching the sky. So the time has now arrive where the government Economists, social scientists, writers, intellectuals, investors and the public should collectively make all possible efforts to get rid of economic disparity.

Commenting on the news of the huge boom in Pakistan's Eurobonds and Sukuk in the global market, he said that this boom is a manifestation of the confidence of global investors and it is expected that it will increase further this year. He also termed the trend of rapid recovery and decline in the value of the dollar and increase in the value of the rupee as positive.

Appreciating the performance of the Large Tax Office, Maulana Bashir Farooq Qadri said that the way the Large Tax Office has achieved a record revenue of one trillion rupees for the first time in the history of the country despite unfavorable business conditions is commendable. The performance proves that all relevant institutions are trying their level best to mitigate the level of economic crisis.

Published in The Daily National Courier, January, 05 2024

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