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Public-private partnership key to sustainable economic development: LCCI

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By Commerce Reporter

LAHORE- President Lahore Chamber of Commerce & Industry Ali Hussam Asghar has said that the LCCI will take all possible measures to support the development of industry, trade and the economy, saying that strong government support and cooperation are essential to achieving these objectives.

Read also: Under dynamic leadership of LCCI President Ali Hussam Asghar, new team focuses on business issues

He was speaking during a meeting with former Mayor Lahore Khawaja Ahmad Hassan at the Lahore Chamber of Commerce & Industry.

LCCI Senior Vice President Sardar Usman Ghani and Vice President Khadim Hussain Chaudhry also spoke on the occasion. Executive Committee Members Mardan Ali Zaidi, Azmat Shah, Ali Raza Chaudhry, Muhammad Ali and Zaman Naseeb, along with former Vice President Shahid Nazir Chaudhry and Khawaja Shahzaib Akram, were also present.

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Ali Hussam Asghar said the business community fully supports Chief Minister Punjab Maryam Nawaz’s “Suthra Punjab” vision and appreciated her efforts to improve cleanliness, governance and public services across the province.

Senior Vice President Sardar Usman Ghani appreciated the development initiatives being undertaken across Punjab, saying that the province is increasingly becoming a prominent face of Pakistan at the international level.

LCCI President Ali Hussam Asghar also praised the Chief Minister’s efforts for maintaining peace and security, saying that stability and the rule of law are essential for economic development and attracting investment. He observed that Dubai’s transformation into a developed global business hub was also supported by an effective system of law and order and the rule of law.

“We are partners with the government in prosperity,” Ali Hussam Asghar said, adding that industrialists and traders are the backbone of the national economy and their contribution must be facilitated through a business-friendly policy environment.

He said the business community strongly supports policies that create a friendly, secure and facilitative environment for industrialists and traders instead of creating fear and uncertainty through an excessive FIR culture. He emphasized that businesses need confidence, stability and predictable policies to expand investment, production and employment.

Senior Vice President Sardar Usman Ghani appreciated the development initiatives being undertaken across Punjab, saying that the province is increasingly becoming a prominent face of Pakistan at the international level.

He said public-private partnership is the key to sustainable economic development, adding that the government and private sector must work together to achieve shared economic objectives.

Vice President Khadim Hussain Chaudhry said the business community is eager to play its full role in the development and prosperity of Pakistan. He stressed that close cooperation between the government and the private sector can help accelerate economic activity, promote investment and strengthen industry and trade.

The participants agreed on the importance of strengthening government-business coordination and creating an enabling environment where investment, industrial expansion and entrepreneurship can flourish.

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