The newly elected leadership of the Lahore Chamber of Commerce and Industry (LCCI) has pledged to work with the government for the economic wellbeing of country.
Addressing a large gathering of the business community, LCCI President Faheem-ur-Rehman Saigol, Senior Vice President Tanveer Ahmad Sheikh, and Vice President Khurram Lodhi said that it is crucial to guide the government on economic challenges. They stressed that public-private partnership should be a key pillar of national policy.
Outgoing LCCI President Mian Abuzar Shad, along with other former office-bearers and business leaders, also highlighted the growing importance of collaboration between the government and private sector. They emphasized that Pakistan’s rising investor confidence and improving economic indicators make this partnership more important than ever.
Faheem-ur-Rehman Saigol said that developed countries like Turkey, China, Singapore, and Malaysia achieved progress through strong public-private partnerships. He noted that adopting a similar model in Pakistan can stabilize the economy, attract investment, and generate millions of jobs. He added that where governments included the private sector in policymaking, GDP growth rates improved by an average of 2.5% annually.
Sharing recent indicators, he highlighted that Pakistan’s GDP has crossed $411 billion, foreign exchange reserves stand above $19.7 billion, and the stock market index has surpassed 164,000 points. He said these gains can accelerate further if the private sector becomes an equal partner in decision-making, ultimately boosting the economic wellbeing of country.
Senior Vice President Tanveer Ahmad Sheikh called on the government to engage the private sector in tax reforms, energy policies, and investor-friendly legislation. He stressed that most global infrastructure projects rely on public-private partnerships, a model Pakistan must adopt without delay.
Vice President Khurram Lodhi said that strengthening Pakistan’s trade presence in international markets is essential. He added that closer coordination between public and private sectors will unlock the country’s true potential.
Reiterating LCCI’s commitment, Faheem-ur-Rehman Saigol said the chamber will continue to promote industry, trade, and investment while supporting reforms that improve the business environment. He reaffirmed that these efforts aim to secure long-term growth and ensure the economic wellbeing of country.
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