#Economic scenario calls for strong public-private partnership: #LCCI
#Lahore (MNP) Ongoing economic #scenario calls for further strengthening of public-private sector relations. The Lahore Chamber of #Commerce & #Industry aims to promote #trade & #investment in the country through enacting upon the policies of the government and securing a business friendly environment in the country.
These views were expressed by the LCCI President Kashif Anwar while addressing to the participants of 52nd PN Staff Course, led by Commodore Ehsan Ahmed Khan, at the LCCI on Wednesday. LCCI Senior Vice President Zafar Mahmood Chaudhry also spoke on the occasion.
The LCCI President said that the glorious history of the Lahore Chamber dates back to 1923 when it was established under the name of Northern India Chamber of Commerce and Industry. He informed the participants that the Lahore Chamber of Commerce and Industry has completed its 100 years. Today, it stands out as the premier business support organization of the country having the largest membership base with around 32,000 members representing a cross section of trade and industry.
He said that the primary function of LCCI is policy advocacy. Through its Research and Development Department, the Chamber identifies the issues and their viable solutions with the input of standing committees focused on the various sectors. These issues are taken up at the highest forums of Government for their early resolution. He said that LCCI facilitates the business community by keeping them aware of the opportunities and challenges originating from the globalization of trade & investment.
Deputy Commander Navy War College, Commodore Ahsan Ahmed Khan said that the shift in global focus from geopolitics to geo-economics has resulted in a greater emphasis on economic interests over political ones. In order to effectively address both traditional and non-traditional threats, including economic ones, it is important for policymakers to have a comprehensive understanding of how the industry works and the inter relation between security and economy.
As part of this effort, the Navy Staff courses are now placing greater emphasis on war fighting across all fronts, including the economic front, he said, adding that the goal is to develop a better understanding of the economic aspects of warfare and how it impacts national security.
Ahsan said to prepare future policymakers to address these challenges, the Navy is establishing the Maritime Center of Excellence. This think tank will focus on developing innovative policies and strategies that can meet the needs of new phenomena.
In recognition of the growing importance of the Blue Economy, the Navy has also organized several events and workshops, including the Maritime Security Workshop and World Maritime Day, he informed and further said these initiatives aim to enhance understanding of the economic opportunities and challenges presented by the maritime sector, and to develop strategies that can maximize the benefits while minimizing risks.
Overall, the Navy’s efforts to prioritize economic interests in its policy-making and strategic planning reflect a broader shift in global focus, and underscore the importance of understanding the interplay between economic and security concerns in the modern era.
Kashif Anwar said that LCCI prepares Budget Proposals and sends them to government for consideration so that tax anomalies could be rectified and private sector representatives may be encouraged to take new business initiatives. He said that LCCI is stressing upon the need of broadening the tax base so that existing taxpayers are not burdened and government may easily meet the target of tax collection.
