Tue, 21-Oct-2025

BIPP launches report on economy, gender parity

BIPP economy gender

LAHORE: The Burki Institute of Public Policy (BIPP) has launched its report “State of the Economy, Frontline Stakeholders, Reaping the Gender Dividend” at the Lahore Chamber of Commerce and Industry (LCCI), a statement said. The speakers of the event highlighted the critical economic challenges that needed to be addressed to achieve the desired pace of … Read more

LCCI organises awareness session on marble industry

LCCI

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) and Pakistan Stone Development Company (PASDEC) jointly organised an awareness session on the marble industry, a statement said. Stone and marble sector has immense export potential and the business community should take advantage of this great and grand untapped opportunity, the speakers observed. PASDEC Chairperson Shmama … Read more

LCCI for business community representation in policy-making

LCCI for business community representation in policy-making

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to consult stakeholders while formulating business related policies to make them result-oriented and beneficial for the economy, a statement said.

LCCI president Kashif Anwar, while talking to a delegation of 34th Public Sector Management and Governance Course, said that the LCCI is emphasising on the importance of filing tax returns in order to broaden the tax base.

Anwar said that the business community does not want to minimise the role of the government.

“We want due representation of the private sector in the policy making process. Giving respect to the existing tax payers is a key to widen the tax base,” he added.

LCCI Senior Vice President Chaudhry Zafar Mahmood and executive committee member Sheikh Muhammad Ibrahim also spoke on the occasion.

Mahmood said that the bureaucracy sometimes considers the business community their opponents which is not the truth. “We are sharing the burden of the government by revenue and employment generation. The business community wants reciprocal response and respect from the government as well,” he added.

The leader of the delegation Zoune Arif said that the purpose of the visit is to enhance liaison between the public and private sector in order to run the relative affairs smoothly.

There are a lot of policy gaps due to a lack of coordination between public and private sectors, she added. Zoune expressed hope that these participants will fulfill the needs of the business community after accomplishing the course and assuming their offices.

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LCCI asks central bank to intervene to stop rupee depreciation

LAHORE: The Lahore Chamber of Commerce & Industry (LCCI) has urged the State Bank of Pakistan to intervene for controlling depreciation of the local currency. “Inter-bank US dollar exchange rate is on the rise. The SBP should intervene for averting economic crisis. Rupee devaluation would be the last straw that breaks the camel’s back”, LCCI … Read more

More than just packing

packaging

LAHORE: The registered packaging companies are estimated to worth Rs20 trillion but their market share is merely 30 per cent of the total volume. At least 70 per cent of the local packaging requirements are fulfilled by the informal sector, depriving the national exchequer of the much-needed revenue, besides enhancing difficulties for the registered companies. … Read more

Exploring the bridal runway

Haris Ateeq

LAHORE: Despite huge potential, the share of fashion industry in the textile sector exports is negligible and to increase it, value addition is the key, said Haris Ateeq, chief executive officer of Bridal Zone. “We are a major exporter of textiles but the share of value-added products is far less than the actual potential. There … Read more

Businessmen say industrial package to attract $5 billion investment

industrial package

KARACHI: The business community said that the Prime Minister industrial package will attract new investment of $5 billion alone in the industrial sector, a statement said on Thursday. The package will provide impetus to the economic growth in the country and lead Pakistan towards prosperity through industrialisation. The FPPCI’s Businessmen Panel (BMP) ruling group Chairman … Read more

LCCI for signing free trade agreements with Iran

LCCI

LAHORE: Lahore Chamber of Commerce and Industry President Mian Nauman Kabir has stressed the need of signing Free Trade Agreements (FTA), establishment of effective banking channels and markets at borders for enhancing bilateral trade with Iran. Talking to the Consul General of Pakistan in Mashhad and the officials of Razavi Economic Organisation on Friday, he … Read more

Joint ventures key to promote trade with Iran: official

trade

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) President Mian Nauman Kabir has said that Pakistan and Iran can enhance bilateral trade in value-added textiles, pharmaceuticals, rice and energy sectors. According to a statement, a delegation of LCCI on Wednesday visited Iran’s largest car manufacturing company Khudroo Car Complex, Isfahan Chamber of Commerce, Solomon Carpet … Read more

LCCI raises concerns over likely hike in power tariff

LCCI

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has expressed concerns over the likely increase of Rs6.10 per unit in the electricity bill for the month of March, a statement said on Thursday. LCCI Acting President Mian Rehman Aziz Chan and Vice President Haris Ateeq said that the increase in power tariff will be … Read more

LCCI for withdrawal of tax exemptions in Fata, Pata

LCCI

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to take notice of the misuse of tax exemptions by the industries in Fata/Pata. Talking to the heads and representatives of various trade and industrial associations, LCCI Acting President Mian Rehman Aziz Chan said that the misuse of tax exemptions in Fata/Pata … Read more

LCCI for good use of opportunities to lift Pak-Iran trade

Pak-Iran trade

LAHORE: There is a need to enhance trade volume between Pakistan and Iran by making good use of opportunities provided by large domestic markets and unique geo-strategic competitive advantages of both countries, an official said. A trade delegation of Lahore Chamber of Commerce and Industry (LCCI), led by its President Mian Nauman Kabir had a … Read more

LCCI for restoration of tax exemptions

LCCI

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to restore tax exemptions on solar panels, hybrid seeds, agri and industrial machinery in the larger national interest, a statement said. LCCI President Mian Nauman Kabir, Senior Vice President Mian Rehman Aziz Chan and Vice President Haris Ateeq said that the current … Read more

LCCI stresses the need for fashion industry exports

LCCI

LAHORE: Pakistan’s vibrant fashion industry is gradually increasing its share in the global market, an official said. “Art promotion is necessary for developing soft image of any country. The fashion industry has the potential to earn huge foreign exchange for the country,” Lahore Chamber of Commerce and Industry (LCCI) president Mian Nauman Kabir said while chairing a … Read more

Jumping onto e-commerce bandwagon

e-commerce

LAHORE: Despite considerable economic growth due to the easy market access in the post-pandemic scenario, e-commerce in Pakistan still remains far below its potential, market players and e-retailers said. The digital economy boomed during the Covid-19 crisis. As people embraced social distancing, they turned to online shopping more than ever before. The market share of … Read more

LCCI organises seminar for economic warfare awarness

LCCI

LAHORE: Speakers at a seminar have stressed the need of devising a strategy for facing the challenges of economic warfare, a statement said on Friday. “Trade embargoes, economic sanctions, tariff discrimination, freezing of capital assets, suspension of aid and prohibition of investment are some of the common tools of economic warfare,” they said while speaking … Read more

Line losses, theft major causes of load shedding: official

Sindh CM

LAHORE: The major cause of load shedding in the country is line losses and theft of electricity, an official said on Thursday “Electricity theft is on the higher side all over the country. In Punjab, the department caught such power thieves who were using high tech. Other provinces had a system of kunda which the … Read more

Bright future awaits Pakistan as SMEs, exports grow fast

Nasir Hameed

LAHORE: The government has taken several measures that helped Pakistan in improving its ranking in the Ease of Doing Business. The large-scale manufacturing has improved with the increase in exports but nothing has been done for the Small and Medium Enterprises (SMEs) and cottage industry, said Nasir Hameed Khan, chief executive officer of the Dawn … Read more

Businessmen demand representation in government bodies

LCCI

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to ensure adequate representation of the private sector in all important bodies, a statement said on Monday. “Only public-private partnership can make a breakthrough on the economic front. Therefore, the government should take the business community onboard on all economic matters and … Read more

LCCI blasts the imposition of additional taxes on industries

LCCI for business community representation in policy-making

LAHORE: The imposition of additional taxes on various sectors and withdrawal of tax exemptions will affect trade and industry negatively, an official said on Friday. “Supplementary finance bill will affect trade and industry. [The] government has imposed taxes on various sectors and withdrawn exemptions in order to meet the conditions of the International Monetary Fund … Read more

LCCI calls for implementation of AIEDP 2021/26

LCCI

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to ensure implementation of the Automotive Industry Development and Export Plan (AIEDP) 2021/26 to achieve the desired economic results, a statement said. LCCI president Mian Nauman Kabir said that the government has given a good policy which would bring a revolution in … Read more

Govt giving due importance to local investors: BoI chief

BoI chief

LAHORE: Board of Investment chairman Muhammad Azfar Ahsan has said that the government is giving due importance to local investors. Speaking at a meeting at the Lahore Chamber of Commerce and Industry (LCCI) on Monday, he said the satisfaction of local investors is key to attracting foreign investment. LCCI president Mian Nauman Kabir, senior vice president Mian Rehman … Read more

LCCI calls for devising economic revival plan

LCCI

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has stressed the need for devising an economic revival plan after consultation with all the stakeholders, a statement said. Talking to a delegation of Sahiwal Chamber of Commerce and Industry, the LCCI office-bearers said the government should treat the private sector as a partner and resolve … Read more

Govt urged to continue getting corporate guarantee in provisional assessment dispute cases

LCCI

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to continue the practice of getting corporate guarantee in provisional assessment dispute cases. In letters to the prime minister, adviser to PM on finance and its secretary, LCCI president Mian Nauman Kabir, senior vice president Mian Rehman Aziz Chan and vice president … Read more

LCCI criticises raise in discount rate

LCCI

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has expressed concerns over the increase in the key policy rate, saying it would neutralise all the efforts aimed at bringing down the cost of doing business, a statement said. LCCI president Mian Nauman Kabir, senior vice president Mian Rehman Aziz Chan and vice president Haris Ateeq said … Read more

Businessmen concerned over delay in SME Policy

SME

KARACHI: The Businessmen Panel of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed concern over the delay in the approval of “Small and Medium Enterprises Policy 2021” and stressed the need for speeding up the process of approving the new SME Policy after removing its flaws with a view to address … Read more

LCCI demands reduction in key policy rate

LCCI

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the State Bank of Pakistan (SBP) to avoid any further hike in the policy rate, as it would hinder economic growth, a statement said. LCCI president Mian Nauman Kabir, senior vice president Mian Rehman Aziz Chan and vice president Haris Ateeq said that the … Read more