Senate Chairman Syed Yousuf Raza Gilani has agreed with the LCCI (Lahore Chamber of Commerce and Industry) leadership that political stability is the cornerstone of economic progress and prosperity.
\nTalking to business community here at the LCCI on Monday, he urged the LCCI leadership to establish robust connections with the political parties. He promised to arrange direct meetings with the heads of Senate Standing Committees and federal ministers.<\/p>\n
He said that business growth, shining prospects for commerce and economic development are matters close to his heart. He mentioned that as Prime Minister, he had focused on industry, trade and economic advancement. He called for collaborative efforts to address challenges and seize opportunities.
\nThe Senate Chairman said that a public-private partnership is important in achieving economic development. He underscored the need for policies that promote manufacturing, value-addition, innovation and renewable energy. \u201cHydropower is the best option for affordable and environment-friendly energy,\u201d he said, adding that agriculture must also remain a top priority.\u201d
\nGilani stressed the importance of increasing agricultural productivity, addressing issues such as adulteration in seeds and pesticides and ensuring the availability of quality inputs.
\n\u201cEveryone must pay taxes\u201d, he said and called for reforms to ensure fairness and transparency in the taxation system.<\/p>\n
Syed Yousaf Raza Gilani supported LCCI\u2019s proposals to restructure or privatize loss-making state-owned enterprises, which have consistently drained the national exchequer.<\/p>\n
Chairman Gilani commended the chamber\u2019s hospitality and its significant role in the national economy. \u201cI maintain strong connections with chambers across the country, and LCCI\u2019s contribution to the economy is remarkable,\u201d he remaked.
\nIn his welcome address, LCCI President Mian Abuzar Shad said that like the Senate, the Lahore Chamber has also formed sector-specific committees to address industry-specific challenges effectively.
\nHe said that private sector should be given representation in the Senate Standing Committees for powerful economic results.
\nWhile appreciating the efforts of Chief of Army Staff General Asim Munir, he said that the stabilization of the Pakistani rupee has been a significant achievement and the Army Chief deserves special credit for his role in this success.
\nThe LCCI President urged the government to offer incentives and facilities to overseas Pakistanis. If provided adequate privileges, remittances can increase by 50 percent, significantly boosting our foreign exchange reserves.
\nMian Abuzar Shad also called for policy continuity, reducing energy costs and ensuring transparency in governance. He further emphasized the importance of creating a business-friendly environment to attract foreign investment.
\nLCCI Senior Vice President Engineer Khalid Usman and Vice President Shahid Nazir Chaudhry stressed the need for public-private collaboration to tackle economic challenges.
\nThey also called to reduce energy costs and invest in hydropower projects, which can provide businesses with affordable electricity.<\/p>\n
The LCCI office-bearers also called for reforms in taxation and production policies to ensure the competitiveness of local industries. They said that industries are the backbone of the economy and their revival is key to sustainable development.
\nLCCI President Mian Abuzar shad urged the government to introduce export-friendly policies and highlighted the potential of non-traditional export sectors.
\nHe supported the privatization of loss-making state enterprises, saying that these organizations must either be restructured or handed over to the private sector to minimize fiscal burdens.
\nMian Abuzar Shad added that political stability directly impacts business activity, stating, \u201cEven a single day of disrupted business results in losses amounting to Rs 10 billion.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Senate Chairman Syed Yousuf Raza Gilani has agreed with the LCCI (Lahore Chamber of Commerce and Industry) leadership that political stability is the cornerstone of economic progress and prosperity. Talking to business community here at the LCCI on Monday, he urged the LCCI leadership to establish robust connections with the political parties. He promised to […]<\/p>\n","protected":false},"author":2,"featured_media":423630,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[],"class_list":{"0":"post-452490","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-news"},"yoast_head":"\n