FPCCI urges policymakers to adopt District Economy | The Express Tribune
Says economy has been plagued by centralised decision-making, stifled local innovation, hindered entrepreneurship. LAHORE: FPCCI leader SM Tanveer has urged policymakers and stakeholders to adopt the District Economy concept of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and work towards creating a more decentralised and inclusive economic framework. “By doing so, we…
Says economy has been plagued by centralised decision-making, stifled local innovation, hindered entrepreneurship.
LAHORE:
FPCCI leader SM Tanveer has urged policymakers and stakeholders to adopt the District Economy concept of the Federation of Pakistan
Chambers of Commerce and Industry (FPCCI) and work towards creating a more decentralised and inclusive economic framework.
“By doing so, we can unlock the true potential of our nation and build a more prosperous and equitable society for all citizens,” he stressed in a statement released on Wednesday.
To address the economic challenges of Pakistan, Tanveer said, the FPCCI has developed a groundbreaking concept – the District Economy. This innovative approach aims to decentralise economic decision-making, empower local communities and unlock the untapped potential of Pakistan’s districts.
The FPCCI leader emphasised that the economy has been plagued by centralised decision-making for decades, which has stifled local innovation, hindered entrepreneurship and limited the opportunities for growth. “The consequences are evident in our sluggish economic progress and widening regional disparities.”
While quoting the example of US entrepreneur Elon Musk, whose net worth is reported at $500 billion in 2025, he lamented that Pakistan’s GDP is just $411 billion, which makes it clear that the nation is lagging
behind in terms of economic development due to centralisation of powers and resources.
By devolving powers and resources to the district level, he said, “we can create more opportunities for entrepreneurship, job creation and economic growth.”
