LAHORE:
Governor Khyber-Pakhtunkhwa Faisal Karim Kundi highlighted Pakistan’s vast potential and called for unity across all sectors to advance the nation’s development. Speaking at the Lahore Chamber of Commerce and Industry (LCCI), he urged collaboration for prosperity despite ongoing challenges.
LCCI President Kashif Anwar highlighted numerous issues plaguing businesses, including currency depreciation, rising energy costs, and high-interest rates. He stressed the need for consistent policies to ensure stability in the business sector.
Kundi lamented the electricity crisis in Khyber-Pakhtunkhwa, noting that the province endures up to 18 hours of load shedding. He suggested that the region’s energy issues could be resolved if K-P received even half of the electricity it produces.
The LCCI president called for renegotiating agreements with Independent Power Producers (IPPs) to alleviate the financial burden on the nation. He also highlighted the potential of K-P’s tourism sector and the gems and jewellery industry as untapped sources of foreign exchange.
The K-P governor echoed Anwar’s concerns and stressed the importance of vocational training to uplift the youth. He also urged for better relations with Afghanistan to enhance trade through the Central Asian gateway.
In his concluding remarks, Anwar underlined the need for a broader tax base, policy continuity, and economic reforms to support business growth. He reaffirmed the LCCI’s commitment to facilitating businesses amidst ongoing economic hardships
