ISLAMABAD: The United Business Group (UBG) of the Federation of Pakistan Chamber of Commerce (FPCCI) Saturday said government should promote hi-tech value-addition to help bridge ever-increasing budget deficit. In a statement, he said that private sector should not be ignored while signing trade deals with other countries, as some of the agreements had inflicted great losses on the economy. He said that foreign investment in the country was directly linked to the adherence to the current policies of globalisation otherwise foreign investment would remain a far cry. “Pakistan’s imports are more than double of the exports and the country will become a trading state if industrial sector is not promoted,” he said.