Lahore Chamber of Commerce and Industry Executive Committee meeting held

Lahore, December 15, 2016 (PPI-OT):Industry in Punjab is fast heading towards total closure only because of high cost of gas and electricity. “Government to implement same tariff of electricity and gas across the country as discrimination in utility prices is hitting the industry of Punjab hard.” The demand was raised the LCCI Executive Committee meeting here at the Lahore Chamber of Commerce and Industry on Thursday. The LCCI President Abdul Basit presided over the meeting while Vice President Muhammad Nasir Hameed Khan also spoke on the occasion.

The LCCI President said that it is matter of concern that there are different tariffs of electricity and gas for the industry a same country. They said that how the industry of Punjab could compete in the international market when it has not a level playing field within the country. They said that government should take the decision at the earliest as electricity and gas are the basic raw material of the industry and difference in their prices between the provinces is adding to the miseries of industrial sector Punjab and its products are almost out of the race in the global market.

They also urged the government to give due representation to the private sector in the Oil and Gas Regulatory Authority (OGRA) to make it an efficient department. They said at present, all decisions are being made without keeping in view the ground realities. They said that export-oriented industry of Punjab is in deep trouble because of high cost of doing business and is on the verge of collapse. They said that such anti-business acts would hamper the growth of manufacturing sector.

They said that the government’s machinery always vow to take the private sector on board but they do not bother to consult LCCI or any other sector-specific association while making the decisions. They said that at a time when all the governments in the world were facilitating their respective private sectors, the situation in Pakistan is the other way round and various government departments like Oil and Gas Regulatory Authority (OGRA) are tightening noose around the private sector.

For more information, contact:
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
11-Shahrah-e-Aiwan-e-Tijarat,
Lahore -54000, Pakistan
Tel: +92-42-111-222-499
Fax: +92-42-36368854
Website: www.lcci.org.pk