AIRLINK 57.85 Decreased By ▼ -0.75 (-1.28%)
BOP 6.18 Decreased By ▼ -0.03 (-0.48%)
CNERGY 3.94 Decreased By ▼ -0.05 (-1.25%)
DFML 16.20 Increased By ▲ 0.19 (1.19%)
DGKC 67.78 Increased By ▲ 0.46 (0.68%)
FCCL 17.70 Increased By ▲ 0.15 (0.85%)
FFBL 25.46 Decreased By ▼ -0.43 (-1.66%)
FFL 9.07 Decreased By ▼ -0.07 (-0.77%)
GGL 9.80 Increased By ▲ 0.03 (0.31%)
HBL 113.00 Increased By ▲ 0.50 (0.44%)
HUBC 110.90 Decreased By ▼ -4.39 (-3.81%)
HUMNL 6.70 Increased By ▲ 0.11 (1.67%)
KEL 4.22 No Change ▼ 0.00 (0%)
KOSM 4.59 Increased By ▲ 1.03 (28.93%)
MLCF 37.58 Increased By ▲ 0.47 (1.27%)
OGDC 120.50 Increased By ▲ 4.10 (3.52%)
PAEL 22.70 Decreased By ▼ -0.01 (-0.04%)
PIAA 11.04 Increased By ▲ 0.25 (2.32%)
PIBTL 6.12 Decreased By ▼ -0.13 (-2.08%)
PPL 106.39 Increased By ▲ 2.39 (2.3%)
PRL 26.60 Increased By ▲ 0.21 (0.8%)
PTC 9.70 Increased By ▲ 0.17 (1.78%)
SEARL 53.20 Increased By ▲ 1.21 (2.33%)
SNGP 65.72 Increased By ▲ 0.60 (0.92%)
SSGC 10.95 Increased By ▲ 0.02 (0.18%)
TELE 7.15 Decreased By ▼ -0.06 (-0.83%)
TPLP 11.81 Decreased By ▼ -0.18 (-1.5%)
TRG 75.55 Decreased By ▼ -1.30 (-1.69%)
UNITY 20.33 Decreased By ▼ -0.16 (-0.78%)
WTL 1.30 No Change ▼ 0.00 (0%)
BR100 6,363 Increased By 31.1 (0.49%)
BR30 21,630 Increased By 0.4 (0%)
KSE100 62,216 Increased By 301.8 (0.49%)
KSE30 20,914 Increased By 63.7 (0.31%)

LAHORE: Provincial Minister for Industries and Commerce Mian Aslam Iqbal has said that the master plan for Lahore is on final stage that will also identify the commercial and industrial areas.

He was speaking at the Lahore Chamber of Commerce & Indutry. LCCI President Mian Nauman Kabir, Senior Vice President Mian Rehman Aziz Chan and Vice President Haris Ateeq also spoke on the occasion.

The Minister said that the land in Muzaffargarh has been identified for the establishment of industrial zone. He said that a business-friendly environment is top priority of the government and all possible measures are being taken in this regard. The government and private sector must be on one page to keep the wheel of trade and industry moving.

On demand of the LCCI President, the Minister said that the Lahore Chamber will be given representation in the trade and industry related departments. He said that 1450 new factories have been set up in small industrial estates in the last three and a half years. He said that a meeting between LCCI office-bearers and RUDA CEO will be arranged.

While appreciating the LCCI endeavours for the flood affectees, Mian Aslam Iqbal said that the flood has caused destruction everywhere and we have to work together to help and restore the flood victims.

LCCI President Mian Nauman Kabir informed the provincial minister that the Lahore Chamber has created Flood Relief Fund worth One Crore Rupees and is asking business people to contribute more into it. Furthermore, a relief camp has also been set up outside LCCI building so that general public may also donate money, food items and essential things of daily use for the help of flood-affected people.

He said that there is a dire need for establishment of Export Processing Zones (EPZs) and Special Economic Zones (SEZs) in Lahore as the two major Industrial Estates in Lahore have almost reached their full capacity.

Mian Nauman Kabir said that LCCI should be given representation in the boards of various organizations/authorities that are related to or associated with Department of Industries e.g. PIEDMC (Punjab Industrial Estates Development & Management Company), FIEDMC (Faisalabad Industrial Estates Development & amp; Management Company), PSIC (Punjab Small Industries Corporation), TEVTA (Technical Educational & amp; Vocational Training Authority), PVTC (Punjab Vocational Training Council), PSDA (Punjab Skills Development Authority) and CPC (Consumer Protection Council) etc.

LCCI Senior Vice President Mian Rehman Aziz Chan underlined the issue of Chapter 84, 85 and urged the Minister to play his role to get this issue resolved at the earliest.

Vice President Haris Ateeq said that this issue is hampering smooth running of the businesses therefore it should be resolved at the earliest.

He said that SMEs only get 6% of private sector financing and around 65% of the SMEs are based in Punjab. Besides that, we also expect the Government of Punjab to take special measures for facilitating the access to credit for SMEs at affordable rates without collateral. To improve the Access to Technology for SMEs, the relevant Government bodies under the Industries department should extend maximum support to the Engineering and Food sectors.

Copyright Business Recorder, 2022

Comments

Comments are closed.