KCCI and LCCI leaders have agreed to strengthen cooperation to tackle Pakistan’s economic challenges and promote industrial growth, pledging a unified voice to influence policymaking.
The two chambers plan a historic liaison through reciprocal visits to align strategies and secure the business community’s role in shaping legislation, said LCCI President Faheem ur Rehman Saigol. He stressed that Pakistan’s economy survives on its immense potential, citing abundant natural and human resources, but warned that mismanagement and policies discouraging local industry have widened the trade deficit.
Vice Chairman BMG Anjum Nisar noted that KCCI and LCCI collectively represent over 90 percent of Pakistan’s economic activity, and their joint stance can compel the government to address shortages and soaring costs of water, gas, and electricity, while promoting investment and industrial growth.
Vice Chairman BMG Jawed Bilwani highlighted rising circular debt and falling industrial energy consumption as indicators that production is contracting despite claims of recovery.
KCCI President Rehan Hanif emphasized the need for unity to resolve critical issues, including the 20-year-old Port Qasim industrial land dispute. “Only through a coordinated approach can the government deliver solutions aligned with our vision for economic revival,” he said.
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