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LAHORE, Oct 27 (APP):Federal Minister for Public Affairs Unit Rana Mubashir Iqbal said on Monday that Pakistan is now in a much stronger economic position than in the past.
“Consultation will be the cornerstone of our upcoming policies to ensure every decision reflects the voice of the business community,” he added while addressing a meeting here at Lahore Chamber of Commerce and Industry (LCCI).
LCCI President Faheem ur Rehman Saigol delivered the welcome address, while Senior Vice President Tanveer Ahmed Sheikh, Vice President Khurram Lodhi, former presidents Mian Anjum Nisar and Muhammad Ali Mian, former office bearers, and Executive Committee members were also present.
Federal Minister Rana Mubashir Iqbal agreed with the LCCI President’s views, saying, “The business community has always played a vital role in stabilizing the economy, and we have stood with the business community.”
He said the government had taken difficult but necessary reform measures, the positive outcomes of which are becoming evident. “While others dig holes, we are filling them,” he remarked.
He noted that while the fight against terrorism continues, the overall security situation is improving, which is encouraging investment.
LCCI President Faheem ur Rehman Saigol said that Public Affairs Ministry can play an instrumental role in conveying the business community’s concerns to policymakers. “Sustainable economic growth can only be achieved through joint efforts of the government and the private sector,” he stated. He emphasized that policies must be updated according to ground realities to foster investment and improve the business climate.
President LCCI stressed that aligning policies with economic realities is essential for long-term stability. “
He urged the government to prioritize SME development and redirect resources from non-productive programmes.
Saigol also announced that the Lahore Chamber will soon invite the Prime Minister to discuss the business community’s concerns directly and to organize an awards ceremony recognizing its contributions. He proposed including chambers of commerce in the government’s Grievances Wing to ensure business issues reach the Prime Minister without bureaucratic delays.
He said the Public Affairs Ministry can play a key role in improving Pakistan’s global image, reaffirming, “LCCI will continue to work with the government for public welfare and industrial progress.”
Federal Minister Rana Mubashir Iqbal, while responding to the LCCI proposals, said that new industrial zones have already been announced in Sheikhupura and Sialkot. He mentioned that, on the Prime Minister’s directives, gas supply to industries has been restored, and the ban on new meter installations has been lifted. He added that the improvement in the stock market reflects economic stability, and the interest rate has dropped from 22 percent to 11 percent.
“Lahore is the center of business activity — every influential voice emerges from here,” he remarked. He assured that the government would implement the LCCI’s recommendations and review industrial rates in comparison with FIEDMC to provide relief to industry.
Rana Mubashir Iqbal said Pakistan has come out of the economic crisis due to the government’s prudent policies. He praised the Pakistan Armed Forces for their sacrifices in defending the nation, saying, “We inflicted a humiliating defeat on India.”
He added that the situation in Afghanistan is improving, and regional stability is expected soon.
The Minister concluded by terming the past two years as a period of remarkable achievements, calling them evidence of the government’s commitment to the right direction. “Give us your suggestions,” he told the LCCI leadership, “and we will act on them immediately.”