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Chamber of Commerce and Industry urged all political parties to join hands with private sector

Lahore, April 14, 2016 (PPI-OT): The Lahore Chamber of Commerce and Industry Friday urged all the political parties to join hands with the private sector for preparation and implementation of National Agenda for much-needed industrial and economic revolution.

In a statement issued here, the LCCI President Sheikh Muhammad Arshad, Senior Vice President Almas Hyder and Vice President Nasir Saeed said that political debate and economic policy considerations require convergence at this critical juncture of country’s history when economic competition is growing at global level with every passing day.

“This is a prerequisite to help reduce dependence on International Financial Institutions (IFIs) like International Monetary Fund (IMF) and the World Bank and for paving way for self-reliance in coming years.

The LCCI office-bearers said that Pakistan, at this point in time, is in dire need of stability in policy making and strong institutions and to achieve the very objective, both the politicians and the business leaders would have to join their heads for finding out a common economic agenda.

To compete head-to-head with the great nations of the world, we have to think beyond tomorrow to tackle all the governance-related issues and for the sake of future generations.

The LCCI office-bearers said that all the political forces should, without any further delay, initiate consultations with the economic leadership, including the Chambers of Commerce and Industry, to chalk out an elaborate plan of action, aimed at reducing dependence on external assistance and achieving the long-cherished economic goals.

“Unemployment is mother of a number of social ills being witnessed by the country today and the private sector has the solution provided it is facilitated through a proper methodology.”

The LCCI office-bearers also stressed the need for an early consensus in all the provinces for early initiation of work on mega water reservoirs including Kalabagh Dam to overcome energy shortage issue. They said that huge coal reserves and existing potential to produce electricity through solar means also needs a workable and time-bound strategy after due consultation of public and private sectors.

They said that the country’s export base could be widened by encouraging especially the local investors and then the foreign investors who have lost their trust in existing policy framework. “The local investors have the ability to convince the foreign investors for investment in various sectors.”
The LCCI office-bearers said that if the political forces in the country failed to respond to the wake up call of the private sector with true intentions, external uncontrollable factors some day would roll over us.

For more information, contact:
Shahid Khalil
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
Lahore -54000, Pakistan
Tel: +92-42-111-222-499
Fax: +92-42-36368854
Website: www.lcci.org.pk

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