Need for urgent steps to control rising energy rates: LCCI

LAHORE: During a meeting with former president of the Karachi Chamber of Commerce and Industry, Shariq Vohra, Faheem ur Rehman Saigol, President of the Lahore Chamber of Commerce and Industry, highlighted the need for urgent measures to control rising energy rates, rationalise taxation, and improve the overall ease of doing business (EoDB).

He emphasised that reducing industrial costs and streamlining regulatory processes are essential to strengthen Pakistan’s industrial competitiveness and boost exports.

The discussion, prompted by Vohra’s visit, focused on key economic challenges including circular debt, export of skilled labour, and electricity pricing. Saigol underlined the importance of inter-chamber cooperation and practical policy recommendations to facilitate industrial growth and create a more investor-friendly environment.Vohra stressed the need for collaborative strategies between chambers to support the business community and ensure sustainable industrial development.

Muhammad Asif Sheikh, Group Head of the Pakistan Polymer Recycling Association, was also present during the meeting. Saigol concluded by reiterating that coordinated efforts, policy reforms, and financial relief measures are critical for improving the business climate, enhancing industrial productivity, and positioning Pakistan as a competitive destination for investment and trade.

Copyright Business Recorder, 2026