LCCI values business-friendly approach of Federal Minister to Rachna Industrial Park

TFD Report

LAHORE: President of the Lahore Chamber of Commerce & Industry Mian Tariq Misbah appreciated the Federal Minister for Industries & Production Hammad Azhar for his prompt action to resolve the issues of Rachna Industrial Park.
In a statement issued here Tuesday, LCCI President Mian Tariq Misbah said that trade and industry are in a dire need of hand-holding by the government in post COVID situation. He also appreciated the support rendered to an LCCI delegation from SME sector included Mumshad Ali, Iftikhar Ahmed, Imran Ahmed from engineering sector, M. Atif from Interwood and Rizwan Afzal from Akzonoble. The delegation had a fruitful meeting with the Federal Minister and apprised him of the issues being faced by the companies who booked plots in the Rachna Industrial Park since long.
The delegation apprised the minister about the fast progress that has been made in the development of the park since PTI government came to power.
Mian Tariq Misbah said that burden of cost escalation due to delay caused by the apathy of previous two governments should not be put on the customers who have booked plots for many years and paid heavy advances.
He said that time frame of 2-3 years should be given to pay the balance amount due to the current economic situation caused by COVID.
President of the Lahore Chamber of Commerce & Industry hoped that business-friendly approach of the Federal Minister for Industries and Productions would go a long way and would help accelerate industrialization in the country besides growing the confidence of the local and foreign investors.