LCCI urges Govt. to declare Ferozepur Road industrial area

October 21, 2014 Off By Web Desk

LAHORE: The Lahore Chamber of Commerce & Industry has urged the Punjab Government to declare Ferozepur Road Industrial Area as “Industrial Estate”. The demand was raised by the LCCI Vice President Syed Mahmood Ghaznavi while talking to the 10-member delegation of Ferozepur Road Industrial Association (FRIA) led by its Patron Chief Adnan Butt here at the Lahore Chamber of Commerce & Industry. Other members of the delegation included Chairman FRIA Mubasher Naseer Butt, Senior Vice Chairman Khawaja Shahzeb Akram, Vice Chairman Khalid Mahmood and Aamir Anwar.

The FRIA delegation informed the LCCI Vice President that Ferozepure Road Industrial area has more than 450 industrial units and trading houses catering to the needs of over one lakh people directly or indirectly but due to non-availability of basic facilities, the industrialists were facing multiple problems. They said that law and order situation was also not encouraging.

The FRIA Chairman also sought the help of Lahore Chamber of Commerce and Industry for a fire station in the area to avert any untoward incident in the industrial units operational in the area.

Speaking on the occasion, the LCCI Vice President Syed Mahmood Ghaznavi said that the Lahore Chamber of Commerce and Industry was quite conscious of the problems of the business community and was putting in its best efforts for their early solution. He said that the LCCI understands well that the acute energy shortage had hit the entire industrial sector and it had asked the government for a bailout package to the industry besides a cut in markup rate that was too high and has no parallel in the developed world.

LCCI Vice President informed the FRIA delegation that LCCI has established a Help Desk to address the issue of property tax and invited them to avail the opportunity.

Meanwhile, the LCCI President Ijaz A. Mumtaz has said that through establishment of state-of-the-art industrial estates, government could attract local and foreign investment while these could also make a vital contribution to the national exports.

He said that existing industrial estates, despite facing various challenges, were making a sizeable contribution to the Pakistan’s economy. He said that establishment of more industrial estates, industrial zones and declaring the industrial areas as industrial estates, government could achieve economic targets substantially.

Ijaz A. Mumtaz said that keeping in view the ongoing economic scenario, government should encourage the development of export industries in maximum and put development of import substitute industries on top priority.

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