LCCI Executive Committee discusses economic Reforms, business community’s issues and practical solutions
LCCI Executive Committee discusses economic Reforms, business community’s issues and practical solutions
LCCI Executive Committee discusses economic Reforms, business community’s issues and practical solutions
Lahore: The LCCI Executive Committee convened on Tuesday to discuss economic reforms, the challenges faced by the business community and practical solutions. Stressing the need for a conducive business environment, the LCCI Executive Committee urged the implementation of business-friendly policies to support sustainable growth.
LCCI President Mian Abuzar Shad presided over the meeting while Senior Vice President Engineer Khalid Usman, Vice President Shahid Nazir Chaudhry and Executive Committee Members also attended the meeting.
The LCCI office-bearers identified complex tax policies, high tax rates and aggressive enforcement of tax laws as major hurdles to business growth. They demanded simplified tax procedures, reduced compliance burdens and incentives for documented businesses to encourage formalization of the economy.
They said that that excessive government intervention and regulatory bottlenecks are stifling business operations. They called for easing business regulations, digitizing approvals and reducing unnecessary inspections to improve the ease of doing business.
Highlighting the impact of high electricity and gas tariffs on industries, they urged the government to prioritize long-term energy planning, invest in renewable energy and ensure affordable energy supplies to boost industrial productivity.
They recommended export-friendly policies, subsidies for key sectors and improved trade agreements to enhance foreign exchange earnings.
The LCCI said that law and order is important for economic growth and called for stronger collaboration between businesses and law enforcement to ensure a secure environment for trade and investment.
The LCCI office-bearers said that sustainable economic recovery requires joint efforts between the government and private sector. They demanded meaningful consultation with stakeholders before finalizing trade and industrial policies to ensure practical solutions.
The LCCI office-bearers also paid tribute to the sacrifices of Pakistan’s armed forces and civilians in the fight against terrorism. They acknowledged that the bravery of soldiers and civilians has been instrumental in securing a stable environment for businesses and urged continued efforts to eliminate extremism.
President Mian Abuzar Shad said that our goal is not just to highlight challenges but to be part of the solution. Through constructive engagement, we can shape policies that drive sustainable growth and economic stability. The LCCI is ready to work with the government to implement reforms that boost investment, reduce inflation and create jobs for Pakistan’s prosperity.
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