Key Takeaways
- LCCI President Faheem Ur Rehman Saigol and KCCI President Rehan Hanif met to discuss common business challenges.
- The two chambers aim to improve ease of doing business, promote investment, and increase exports.
- Regular meetings with the Federal Board of Revenue have provided relief to the business community.
The Lahore Chamber of Commerce & Industry (LCCI) and the Karachi Chamber of Commerce & Industry (KCCI) have formulated a joint strategy to address the common issues faced by the business community in Pakistan. The meeting, held on Monday, brought together key figures from both chambers to discuss practical solutions.
LCCI President Faheem Ur Rehman Saigol emphasized the importance of stronger coordination between the two major business centers of Pakistan. He stated, 'Karachi and Lahore are two major business centers of Pakistan, and stronger coordination and cooperation between the two chambers can play an important role in the country’s economic development.'
Rehan Hanif, President of KCCI, highlighted the role of the All Pakistan Chambers Conference in improving coordination among chambers. He said, 'The All Pakistan Chambers Conference organized by the Lahore Chamber helped improve coordination among chambers across the country and provided an opportunity to raise common business issues collectively.'
The joint strategy focuses on several key areas, including improving the ease of doing business, promoting investment, and increasing exports. Saigol added, 'The government, industry, trade, investors, banking sector and chambers of commerce need to move forward with a common economic vision.'
To address the challenges faced by the business community, regular meetings with the Federal Board of Revenue chairman and relevant board members have started in Karachi. This has provided relief to the business community, reducing the need for repeated visits to Islamabad. Hanif informed the meeting that, 'On the demand of the Karachi Chamber, regular meetings of the Federal Board of Revenue chairman and relevant board members have started in Karachi. This has provided relief to the business community from having to make repeated visits to Islamabad.'
The establishment of a PRAL office in Karachi has also made it easier to resolve business-related issues. Hanif further stated, 'The establishment of a PRAL office in Karachi has also made it easier to resolve business-related issues.'
Both chambers agreed that effective cooperation between the two centers will benefit the entire business community. Hanif concluded, 'Karachi is an important economic and trade center of Pakistan, while Lahore and Punjab have a strong position in industrial, agricultural and commercial activities. Therefore, effective cooperation between the two chambers will benefit the entire business community.'
Karachi and Lahore are two major business centers of Pakistan, and stronger coordination and cooperation between the two chambers can play an important role in the country’s economic development.
Faheem Ur Rehman Saigol, LCCI President
The All Pakistan Chambers Conference organized by the Lahore Chamber helped improve coordination among chambers across the country and provided an opportunity to raise common business issues collectively.
Rehan Hanif, KCCI President
On the demand of the Karachi Chamber, regular meetings of the Federal Board of Revenue chairman and relevant board members have started in Karachi. This has provided relief to the business community from having to make repeated visits to Islamabad.
Rehan Hanif, KCCI President
