Punjab CM, LCCI Delegation Discuss Traders' Issues
LAHORE, (UrduPoint / Pakistan Point News - 11th Oct, 2021 ) :Lahore Chamber of Commerce and Industry (LCCI) delegation led by its President Mian Nauman Kabir here Monday called on Punjab Chief Minister Sardar Usman Buzdar to discuss issues faced by business community and industrialists.
LCCI Senior Vice President Mian Rehman Aziz Chan, Vice President Haris Ateeq were also part of the delegation. Provincial Secretary Industry was also present.
Usman Bazdar said new projects worth billions of rupees had been launched for the construction and development of Lahore. Issuance of NOC for setting up new factories has been simplified, while inspectors less regime is providing more facilities to the industrialists, he added.
He said that a special technology zone were being set up in Lahore and new small industrial estates to be developed in Punjab. He assured that the water rates for industries in Lahore would also be reviewed.
On this occasion, LCCI President Mian Nauman Kabir said the present government had taken exemplary steps to create a conducive business environment. Industrialists and traders appreciate the government's business-friendly policy, he said.
The President said that the entire business community appreciates the fact that the Punjab government had allocated a record amount of Rs 560 billion for the development programme of Punjab province in this year's budget. In addition, tax rates had been reduced in more than 25 services sectors, which would enable growth in the sector, he said, The the launch of Ravi Riverfront Urban Development Project was also of great importance, he added.
LCCI Senior Vice President Mian Rehman Aziz Chan said that the LDA charges 20% of the commercial value according to its DC rate for conversion of land used by the existing industry which was very high and the fee was an obstacle to the development of industry, it should be removed, adding that existing industrial units should be regularized without any charges.
He said WASA had increased water rates (Rs 100,000 for 1 Cusec and Rs 50,000 for 1/2 Cusec) for industrial and commercial consumers in Lahore as compared to other cities in Punjab like Faisalabad and Multan.
He said that at present, there were only two major industrial estates in Lahore (Sundar and Quaid-e-Azam) that have come close to their capacity. The price of land for setting up new industrial units in Lahore had skyrocketed. Therefore, we demand that Special Economic Zones be set up around Lahore, where land for the business community was available in easy installments in case of long-term lease.
LCCI Vice President Haris Ateeq said that inflation in the country had reached up to nine percent, adding that more steps needed to make the price control mechanism effective. He said the LahoreChamber should be represented in the district administration committees for timely resolution ofadministrative matters.