 We are moving forward with corporate governance and in the last session we were talking about business and public policy and there are different type of public policies and we are now going to look at them from a more micro level and the first one that we are going to talk about is the most important one and that is the economic policy. Now, ladies and gentlemen, definitely the economic policy of any country is very important. We see that every sector, every society, every community and every dimension of life or of government or of business is related to economics and therefore, the economic policy becomes the most important policy in which the government has to ensure that it provides a conducive and enabling environment within the country so that businesses can flourish, so that good governance and corporate governance can be implemented and most importantly so that all of the stakeholders can work together through equity, through inclusion and through mutual benefit. So, that is the importance of economic policy and again the economic policy tends to make or break nations. What we have seen is that bad economic policies have adversely affected the economy of Sri Lanka and its consequences have spilled over whereby a very good business community has been irreparably damaged because of bad economic policies. So, that is extremely important that the government and the business community or the corporate entities get together and ensure that good economic policies are made to avoid different disasters. So, what we see is that, ladies and gentlemen, that the economic system has to be adopted which then tends to move towards a conducive economic policy. The policy reflects the broad objectives and also the main incentives which are given by the government and it is through the economic policy that governments move forward and create a better environment for the citizens and all of the stakeholders. In this what we see is that finance is very important, the economic advisory bodies are extremely important and more so, we also see that there are other departments which are involved with the formulation of the economic policy. We see that we also have a common council of interest, the common Islamic ideology council also. So, there are different stakeholders which are involved in any economic policy. We also see that the different institutions are extremely important. Even judiciary is very important to ensure that proper interpretation is being done in the right particular way. We see that planning commission is extremely important in it and then the different planning and development boards of all of the provinces, they are providing the data. The survey of Pakistan or the survey department which tends to get all of the data together based upon which these different policies are then formulated. The different trade associations like earlier talked about the different chambers of commerce and industry, all of them become extremely important and then the individual industries themselves they are important. We have key players like the state bank, like the FBR, like different other important departments which tend to contribute towards the development of a pragmatic towards a visionary and towards a realistic economic policy. We also see that when we are talking about the economic policy then there are some very, very important areas which should be looked at and those five fundamental objectives of this particular economic policy are a faster economic growth. So, what we see is that world over these comparisons are being done that is the growth rate 5 percent, is it 8 percent, is it 10 percent or is it 1 percent or has it gone into negative. Now, extremely important that it should be on the higher end of the single digit and there have been countries which have achieved two digit growth. So, that is a very, very big important indicator. We also see that another area is the reduction of inequalities of making sure that income and wealth are more equitably distributed and a very important aspect is to close that gap between the rich and poor that is also extremely important. Then providing full employment which we hear all the time that economic policies will provide 1 million jobs will provide 10 million jobs will provide 50 million jobs or what is the rate of unemployment on the other hand that is extremely important. Price stability that means inflation has to be controlled preferably should be single digit. We unfortunately at this stage are going through very high inflationary trends again post COVID the Ukraine and Russia war are major contributors and then again political instability within the country is creating a lot of pressure from what we see how the dollar has devalued how petrol has skyrocketed how different utility bills are skyrocketing. So, they are all affecting price stability and also the amount of inflation which is taking place within a country and very important to control that to a proper economic policy and then another very important thing which we in Pakistan keep on hearing is the balance of payments or its equilibrium unfortunately our import bills are very high and our export bills are far lower even though it is complemented with the financial inflow of the expatriates which are those sending in dollars nearly about 3 billion dollars now that is a very big inflow which is coming in. But unfortunately because we have this rampant unbridled ego inclined more materialistic consumer approach. So, what is happening is that our import bills have become humongous and what we see is that people in Pakistan are buying conflicts worth 2000 rupees are buying cars and vehicles which are worth 200 million rupees are buying these decoration pieces which are worth millions of rupees. So, when the country is spending its vital crucial and limited foreign exchange on these type of luxuries then definitely there would be an imbalance or an inequilibrium which would lead to a possible default of payments and then we are taking extensive loaning unfortunately and through that loaning we have debt payments to meet we have international commitments to meet and then we get pressurized through institutions like the IMF or the World Bank or Asian Development Bank or different international financial institutions they tend to put a lot of pressure or the FATF the financial action task force they put impression in which we have seen that how we have been in the gray list for such a long time and then they were 34 postulates which we had to fulfill and complete and even now it is being considered and we are seeing that we are still not taken out and brought into the white list which puts a lot of pressure and all of these things are affecting our economic policy one way or the other and creating difficulties for the common man creating difficulties for take holders and also creating difficulties for the business community. Now all of this has to be done through a proper dialogue through proper inclusion through a proper participative approach and then most important three through the best intent of ensuring that the beneficiaries are not any political party are not a few individuals but the citizenship at large where by the quality of life where by the economic conditions of everyone tend to improve in a better way so that at least they can all have their basic needs and can move forward with opportunities and also the fact is stronger economy for Pakistan as a whole thank you so much.