LCCI VP for cut in electricity, gas tariff and markup rateImprovement in rupee value, smuggling, ATT control good measures, other issues also be resolved: Adnan Khalid Butt
Lahore (MNP) Vice President of the Lahore Chamber of Commerce and Industry Adnan Khalid Butt there is a clear improvement in the economic affairs due to joint efforts of the government and Pak Army but the issues of non-opening of LCs, high electricity, gas and markup rates must also be resolved.
In a statement, Vice President of the Lahore Chamber of Commerce and Industry said that due to crackdown against the dollar, value of the rupee stabilized and action against measures, smuggled goods worth more than Rs. 30 billion were confiscated. . Apart from this, the control over Afghan Transit Trade has also yielded great results and economic indicators have been improved.
Vice President of the Lahore Chamber of Commerce and Industry said that due to capacity charges agreement with IPPs, MDI charges, hike in electricity, gas rates and high markup, we are lagging behind in the regional cost war and are unable to get export orders.
He said that the business community is worried due to non-opening of LCs, lack of supply chain, non-availability of raw materials on time and high cost of doing business. He said that if these problems are not overcome, sustainable economic development will not be possible.
Adnan Khalid Butt said that the government should immediately reduce the prices of electricity and gas and should take steps to further reduce the value of the dollar. He said that the solution of all these problems would ensure sustainable economic development.
