PCJCCI seeks incentives package
March 12, 2021
LAHORE: Pak-China Joint Chamber of Commerce and Industry (PCJCCI) has urged the government for developing an incentives package to encourage rapid growth of the manufacturing sector and to meet its target of creating 50 million jobs in the country, a statement said on Thursday.
Addressing a think tank session at Pak-China Joint Chamber of Commerce and Industry premises, its President S M Naveed said that the economy should grow between 3 percent and 8 percent annually to be able to employ youth, while the investment rate should remain at 30 percent.
The development of the services sector is beneficial to the economy, only if it pays fair taxes, otherwise the sector creates few jobs and has little impact on the life of the common man, he added.