Lack of political stability is ruining the trade and economic activities in the country: LCCI

Lahore, September 28, 2016 (PPI-OT): The Lahore Chamber of Commerce and Industry has paid tributes to the LCCI members for being an important part of a democratic process and urged the political parties to follow the suite and play their due role for political stability in the country.

In a statement issued here, the LCCI President Sheikh Muhammad Arshad, Senior Vice President Almas Hyder and Vice President Nasir Saeed said that lack of political stability is ruining the trade and economic activities in the country. They said that at present enemies of Pakistan are challenging our integration and sovereignty, political circles should act wisely and show commitment with the country.

“Political circles should lay down their differences in the larger interest of the country and resolve their issues through parliament”, they added.

The LCCI office-bearers said trade and economic activities are being submerged therefore the business community appeals the protestors to stay away from such politics which is creating anarchy like situation.

They said that the country is facing a huge economic loss only because wrong statements and irrational attitude of political players. They said that a week of stalled economic activity costs the country around $ 500 million or $2 billion per month and a weak economy like Pakistan cannot afford even one million dollar loss to exports. The LCCI office-bearers said that at a time when country is facing severe internal and external challenges, the situation is bound to affect the national interests.

They said that such activities would not only tarnish the image of the country in the eyes of international community but would also hinder economic growth. They said that the leadership of all political parties should join hands for strengthening the economy instead of hatching conspiracies against the Government for their vested interests.

The LCCI office-bearers said that the political leaders should settle issues through talks, which is a democratic, and the just forum for this purpose instead of disturbing the business activities and public life through holding sit-ins and rallies. They said that in the past, politics of agitation has caused irreversible loss to the national economy besides tarnishing the soft image of the country. They said that in the present scenario, country cannot afford to bear more economical loss. He said that business community is the main stakeholder of the economy and it should not be treated as useless thing.

For more information, contact:
Shahid Khalil
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
11-Shahrah-e-Aiwan-e-Tijarat,
Lahore -54000, Pakistan
Tel: +92-42-111-222-499
Fax: +92-42-36368854
Website: www.lcci.org.pk