Lahore, November 11, 2015 (PPI-OT): The Lahore Chamber of Commerce and Industry and Planning and Development Department (P and D) Punjab would work together to ensure ease in doing business in Punjab. This was agreed at a meeting at the Lahore Chamber of Commerce and Industry between the LCCI Senior Vice President Almas Hyder and 10-member government’s team led by Chairman Planning and Development Department of Punjab Sqn. Leader Irfan Elahi. The LCCI Vice President Nasir Saeed was also present on the occasion.
On the occasion, a number of issues including LDA and company formation came under discussion. All the participants were of the view that public-private partnership is a must to ensure maximum ease in doing business in Punjab. They said that all the hitches delaying execution of new business ventures would be removed through joint efforts.
Chairman P and D Sqn. Leader Irfan Elahi said that collaboration between the P and D and LCCI would go a long way and supplement Punjab government efforts in uplifting of all development sectors of Punjab Province. He said that the Planning and Development Department of Punjab, is the principal planning organization at the provincial level. It coordinates and monitors development programs and activities of various departments of the provincial government.
He said that the department also prepares an overall Medium Term Development Framework (MTDF) of developmental activities in the province. The Medium Term Development Framework lays down the developmental activities to be carried out in the province in various sectors of the provincial economy. In this manner, the Planning and Development Department is one of the main actors in the growth of the economic potential of the province.
Chairman P and D lauded the efforts of the Lahore Chamber of Commerce and Industry and ensured his full cooperation. The LCCI Senior Vice President Almas Hyder said that a recent report of World Bank has revealed that Pakistan has further slipped down as far ease of doing business is concerned, that is a not good omen for the economy.
He said that economy cannot grow in the presence of various internal and external challenges for the business doing people. He said that situation could be made better through joint efforts of the private sector and the business community. Almas Hyder said that cost of doing business has stagnant the growth of manufacturing sector. He said that our exports are falling despite the fact that Pakistani goods are best in the world but suffering due to high cost of doing business.
“The Lahore Chamber of Commerce and Industry is well aware of the fact that government alone cannot cope with all the challenges therefore, it is trying to suggest best doable suggestion to the government for economic uplift of the country”, the LCCI Senior Vice President added.
He informed the Chairman P and D that the Lahore Chamber of Commerce and Industry has already started work to prepare a report on “Ease of doing business in Pakistan”. The objective of this initiative is to identify the hurdles coming in the way of businesses and to suggest doable solutions to the government. He said that this great imitative would help raise Pakistan’s competitiveness at global market place.
Almas Hyder said that the Lahore Chamber of Commerce and Industry is getting feedback from the trade and industrial associations on trade and industry related issues. The LCCI Senior Vice President that very objective of the LCCI initiative is to give helping hand to the government to expedite economic uplift of the country. He said that the report would be prepared after due consultation of the economists, technocrats and experts.
Almas Hyder invited the attention of the government towards depleting water resources that could put the country’s growth on stake in the coming years. He said that government should focus on water and energy issues on priority basis and allocate as much as possible funds for water reservoirs to ensure water availability for the agriculture sector and to generate cheap hydel power.
The LCCI Vice President Nasir Saeed said that all sectors of economy would be covered in the LCCI report on “Doing Business in Pakistan”. He said that report would be presented to the Prime Minister and the government departments for evolving an action plan.
The LCCI Vice President Nasir Saeed said that business community is the backbone of the economy as more than 90% revenue is being generated through trade and industry. Therefore, the businessmen should be given due facilitation and for the purpose the LCCI would continue to play its role proactively.
Nasir Saeed said that Federal Board of Revenue would not be able to achieve its revenue target without providing a business friendly atmosphere to the business doing people. The LCCI office-bearers said that during their meetings with a number of trade and industry associations, they came across quite a few issues that could be resolved only through facilitation to the business community.
For more information, contact:
Lahore Chamber of Commerce and Industry (LCCI)
Lahore -54000, Pakistan