Lahore: Chairman Senate Syed Yousaf Raza Gillani announced that the business community will be given a platform to voice their views and recommendations before relevant Senate standing committees on Finance, Economics, Commerce, and Industry. This was stated during his address at the Lahore Chamber of Commerce and Industry (LCCI), emphasizing the necessity of stakeholder consultation for effective economic policymaking. LCCI President Ali Hussam Asghar and other chamber officials were present at the event.
According to Lahore Chamber of Commerce and Industry, Gillani acknowledged the business community's concerns, including taxation, regulatory challenges, policy discontinuity, and rising business costs. He noted Lahore's historic significance as a commercial hub and assured that the Senate would facilitate constructive engagement between stakeholders and policymakers to address these issues. LCCI President Asghar urged for a review of business-related legislation and highlighted challenges faced by businesses due to regulatory laws, proposing amendments to the Punjab Assembly.
Gillani encouraged ongoing engagement between the Lahore Chamber and parliamentary institutions, emphasizing that the business community's insights could significantly contribute to legislative processes. Asghar proposed making the LCCI President an ex-officio member of Senate economic committees to ensure direct representation. The call for establishing a review mechanism for business legislation was reiterated, with a focus on district-based economic strategies to address local challenges.