Punjab taking steps to promote business-friendly policies: SACM

LAHORE: Advisor to the Chief Minister Punjab Imran Khawar Siddiqui has said that the Punjab government is taking serious measures to promote business-friendly policies, with a strong focus on facilitating the industrial sector, tax reforms, and ensuring policy continuity.

He expressed these views during a meeting at the Lahore Chamber of Commerce & Industry with LCCI President Faheem-ur-Rehman Saigol, where detailed discussions were held on the current international and economic situation, industrial challenges, and issues faced by the business community.

The Advisor urged the Lahore Chamber to present comprehensive and practical recommendations in light of prevailing circumstances so that effective policy formulation could be ensured. He said that the Chief Minister Punjab has specifically directed to take steps for providing maximum facilitation to the business community. He added that in view of inflation, fluctuations in international oil prices, gas shortages, and other economic pressures, a robust strategy—particularly for the protection and growth of the SME sector is essential.

LCCI President stated that rising global tensions are affecting business activities, which is also increasing pressure on local industries. He pointed out that Pakistani industries are facing significant challenges, including rising raw material costs, supply chain disruptions, and increased shipping and insurance costs. He further said that blockades of trade routes and disruptions in supply chains are not only increasing costs but also creating serious delays in timely deliveries.

The LCCI President also expressed concern over lack of proper planning despite Pakistan being an agricultural country, stating that absence of accurate and timely data—particularly in sectors like sugar—leads to demand-supply imbalances that destabilize markets. He further emphasized that conducive policies are required to attract overseas Pakistanis’ investment and encourage amnesty for the repatriation of wealth into the country, along with special incentives to restore investor confidence. He added that Pakistan can learn from models such as Dubai by simplifying taxation and regulatory frameworks to facilitate investment flows.

Copyright Business Recorder, 2026