LAHORE: Lahore Chamber of Commerce & Industry (LCCI) President Sheikh Muhammad Arshad has said that secret of economic progress and prosperity lies in strengthening of institutions, consistency in policies and public-private partnership.
He was talking to the 110-participant of National Security & War Course 2016 from National Defence University on Tuesday.
The LCCI President said that no country around the globe could achieve its objectives until and unless it has a strong system backed by strong institutions.
"Strong institutional framework ensures business friendly atmosphere, encourages local investors to put their money in new ventures and also brings much-needed foreign investment in the country," he said.
He said the LCCI was not only working as bridge between the government and business community but also playing its due role in the promotion of trade and industry in the country.
He said LCCI also keeps liaison with the commercial sections of the foreign missions and an exchange of information is ensured.
On this occasion, LCCI Senior Vice President Almas Hyder answered various questions of the participants.
In his address, the head of the delegation, lauded the role of LCCI for keeping the country's economy on right track. He said it was the private sector which played a decisive role for the economic boost of any country.
He said the LCCI was doing a real service by projecting a positive image of economy of the country.
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