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LCCI underlines priority areas for the government in 2020

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Lahore, December 30 : – The Lahore Chamber of Commerce & Industry has
expressed optimism that upcoming year would an year of economic growth
but would have to take some decisive measures.

While talking to a group of businessmen, the LCCI President Irfan Iqbal
Sheikh, Senior Vice President Ali Hussam Asghar and Vice President Mian
Zahid Jawaid Ahmad said that government should expedite public-private
consultation to achieve the desired economic goals in upcoming year. They
said that business community is backbone of the economy and has fertile
economic ideas that can put the country to the path of progress and
prosperity. They said that consultation would also boost the confidence of
private sector. government in 2020

LCCI underlines priority areas for the government in 2020

The LCCI office-bearers said that energy, water, markup, utility prices and
bureaucratic hurdles should be the areas of focus for the government
during the next year.government in 2020
While underlining the recent gas crisis, the LCCI President said that energy
should be available to the consumers throughout the year instead seasonal
basis.

They said that during the year 2020, uninterrupted supply of gas and
electricity to the consumer should be one of the top priorities of Pakistan.
The LCCI office-bearers said that it is a matter of management as there is
no dearth of natural gas in the country. government in 2020 They said that most of the industrial
units use gas as a major source of energy for their production therefore its
unavailability is causing huge loss to the economy. They said that this issue
can be tackled through good management.

They hoped that while keeping in view the ground realities and economic
challenges, State Bank of Pakistan would bring down mark up rate to a
single digit during the year 2020. They said that reduction in markup rate
from existing 13.25% to single digit would be a great favor to the industrial
sector. It would help the government to attain the target of industrial
growth, would reduce the cost of product and would also bring capital of
the banks into circulation.

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