Karachi, In a recent statement, Zubair Tufail, the former President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and current President of the United Business Group (UBG), extended his congratulations to Asif Ali Zardari and Shehbaz Sharif on their respective elections as President and Prime Minister of Pakistan, underscoring a pivotal moment in the nation's political landscape.

According to United Business Group, Tufail highlighted the elections' historic nature and the business community's anticipation of the leadership's strategy to address Pakistan's economic challenges. He pointed to the imperative for President Zardari and Prime Minister Sharif to draw on their experience and past successes to usher the country into a period of enhanced prosperity and stability.

Tufail called on the newly elected officials to maintain an open dialogue with the business sector to tackle pressing issues, particularly the high utility costs that undermine the competitiveness of Pakistani products internationally. He emphasized the need for urgent measures to mitigate the economic strain exerted by elevated interest rates on businesses, advocating for policies that would instill confidence and ensure fair competition across all industry sectors.

The UBG leader also took the opportunity to congratulate the members of the new cabinet, expressing hope that their contributions would be instrumental in fostering a supportive environment for businesses amid economic adversity.