• Latest

LCCI President Faheem-ur-Rehman Saigol warns: Port delays, rising costs hitting economy

December 17, 2025

PSMA–North Zone raises concerns over Nov. 15 sugarcane crushing deadline

November 15, 2026

Punjab Assembly Speaker urges industrial growth, peace and long-term action against smog

November 15, 2026

Multan and Bahawalpur open third phase of National Physical Disability Cricket Championship with victories

November 14, 2026

Kanzaiman School holds annual sports gala and fun fair in Lahore

November 14, 2026

PTI demands direct talks with Imran Khan over proposed 28th Constitutional Amendment

November 14, 2026

Dananeer Mobeen wins international Best Actress award for Pakistani film Mera Lyari

November 14, 2026

US Supreme Court to examine Trump’s asylum restrictions at Mexican border

November 14, 2026

PMML issues seven-day ultimatum to Maryam Nawaz over alleged defamatory remarks

November 14, 2026

LCCI President welcomes PM’s Vision to make Pakistan a Major Global Economy by 2050

November 14, 2026

Customs curtails Superintendents’ powers amid complaints of misuse of authority

November 15, 2026

World Bank approves $300 million for clean water and sanitation projects in rural Sindh

November 14, 2026

Sidhu Moose Wala’s unreleased song sparks copyright battle as family challenges Saga Music

November 14, 2026
The Tribune International
Sunday, November 15, 2026
  • Login
No Result
View All Result
  • Home
  • Latest
  • Top News
  • Pakistan
    • Local News
    • Crime
    • Interview
    • Politics
    • Health
  • Business
    • Business
    • FBR & Customs
    • Tech
  • World
    • Iran-US-Israel war
  • Epaper
  • Entertainment
    • History in focus
      • NGOs
      • Weird
      • Word of the day
  • Opinion
    • Letter to Editor
    • News Analysis
  • Sports
    • Cricket
  • Advertise
  • Latest
  • Home
  • Latest
  • Top News
  • Pakistan
    • Local News
    • Crime
    • Interview
    • Politics
    • Health
  • Business
    • Business
    • FBR & Customs
    • Tech
  • World
    • Iran-US-Israel war
  • Epaper
  • Entertainment
    • History in focus
      • NGOs
      • Weird
      • Word of the day
  • Opinion
    • Letter to Editor
    • News Analysis
  • Sports
    • Cricket
  • Advertise
  • Latest
No Result
View All Result
The Tribune International
No Result
View All Result
Home Pakistan

LCCI President Faheem-ur-Rehman Saigol warns: Port delays, rising costs hitting economy

11 months ago
in Pakistan
Reading Time: 2 mins read
A A
0

LAHORE, December 17 — The Lahore Chamber of Commerce and Industry (LCCI) held a press conference to discuss the issues faced by transporters. Speaking to the media, LCCI President Faheem-ur-Rehman Saigol said that the transporters’ strike in Punjab has ended and the Punjab government deserves appreciation for its timely steps and positive role.

Read also: Founders Group urges govt to resolve transporters’ strike to avert economic losses

He said the government quickly formed committees and made serious efforts to resolve the issues, which helped restore business activities in the province.

Senior Vice President Tanveer Ahmed Sheikh, former Senior Vice President Zafar Mahmood Chaudhry, Executive Committee members Riaz Shahid Tajik, Aamir Ali, Syed Salman Ali, Asif Malik, Rana Nisar, and Vice Chairman PIAF Nasrullah Mughal were also present at the press conference. Representatives of the Transporters Association, including Ismatullah Niazi, Nabeel Tariq, and Bao Irfan, also attended.

The LCCI President said that while the situation in Punjab has improved, export and import consignments are still stuck at ports and are not reaching other provinces. He added that disruptions in the supply of raw materials have increased business costs, and the price of industrial resin alone has gone up by Rs 500.

He further said that food supplies are being affected, creating the risk of a serious crisis. The current account deficit has increased and exports have come to a halt. When transport stops, the entire economy slows down, he said, stressing that immediate action is needed in other provinces as well.

Faheem-ur-Rehman Saigol urged the Sindh and federal governments to take notice, saying that traders are facing heavy demurrage charges at Karachi ports due to the ongoing strike. He demanded that heavy fines on the transport sector be rationalized, the FIR culture be ended, relaxation be given in fitness tests, proper parking and stand facilities be provided, and the transport sector be given the status of an industry to make business operations smoother.

He said that the strike has already caused losses worth billions of rupees. Tax collection depends on business activity, he added, and taxes can only be collected when businesses are operating. He pointed out that there is a deadlock with the federal government on some key issues, including SRO 499, which is a federal matter, and axle load limits, which is a Sindh issue, and both must be resolved immediately. He emphasized that national interest should be given priority over politics.

The LCCI President concluded by saying that the Punjab government’s timely and positive measures are a good example, and similar serious and immediate actions are needed in other provinces to protect the economy and ensure a stable business environment.

Tags: [:en]LccI[:]axle load limitsbusiness losseseconomyexportsFaheem ur Rehman Saigolfederal governmentimportsindustrial costsKarachi portslogisticsPunjab governmentSindh governmentSRO 499trade disruptiontransporters’ strike
Previous Post

Pakistani passport jumps to 92nd, says FIA after mass offloading

Next Post

FPSC to conduct one paper per day in CSS Exam 2026

Related Posts

Pakistan

Punjab Assembly Speaker urges industrial growth, peace and long-term action against smog

November 15, 2026

...

Pakistan

PTI demands direct talks with Imran Khan over proposed 28th Constitutional Amendment

November 14, 2026

...

Pakistan

PMML issues seven-day ultimatum to Maryam Nawaz over alleged defamatory remarks

November 14, 2026

...

Next Post

FPSC to conduct one paper per day in CSS Exam 2026

Punjab launches “Behtar Qadam” campaign to promote responsible family planning

EPEC Trade launches comprehensive export support program to help Pakistani businesses conquer global markets

Young Leaders Conference 2025 Day 3 explores  power of informed citizenship

0 0 votes
Article Rating
Subscribe
Login
Notify of
guest
guest
0 Comments
Newest
Oldest Most Voted
  • About Us
  • Blog
  • Blog
  • Checkout
  • Contact Us
  • Disclaimer
  • Home
  • My account
  • Privacy Policy
  • Terms and Conditions
  • 📰 Advertise With Us
Reach us: THETRIBUNEINTL@GMAIL.COM Disclaimer: Tribune International is an independent platform, not affiliated with any other organisation.

© 2026 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Latest
  • Top News
  • Pakistan
    • Local News
    • Crime
    • Interview
    • Politics
    • Health
  • Business
    • Business
    • FBR & Customs
    • Tech
  • World
    • Iran-US-Israel war
  • Epaper
  • Entertainment
    • History in focus
      • NGOs
      • Weird
      • Word of the day
  • Opinion
    • Letter to Editor
    • News Analysis
  • Sports
    • Cricket
  • Advertise
  • Latest

© 2026 JNews - Premium WordPress news & magazine theme by Jegtheme.

wpDiscuz
0
0
Would love your thoughts, please comment.x
()
x
| Reply