Lahore: The Lahore Chamber of Commerce & Industry has commended the Ministry of Energy's Petroleum Division for addressing its long-standing request to release imported industrial chemicals and petrochemicals previously held at Karachi ports. This decision, which affects goods classified under Class A of the Petroleum Act of 1934, comes as a relief to industries reliant on these essential raw materials after protracted clearance delays.

According to Lahore Chamber of Commerce and Industry, the government had recently introduced new flash point standards, creating significant hurdles for various sectors, as containers carrying industrial chemicals and petroleum products were stuck at the ports. In response, the Lahore Chamber convened meetings with key industry associations to address the issue, leading to the government's decision to instruct Customs authorities to release consignments under Petroleum Classes A, B, and C.

The LCCI's actions have garnered widespread appreciation from industrial sectors including textiles, pharmaceuticals, and chemicals, who noted the chamber's critical role in advocating for their interests. Representatives emphasized that the clearance of these chemicals will reduce production costs and support industrial growth. The textile industry highlighted the importance of uninterrupted raw material supplies in meeting export commitments, while the pharmaceutical sector stressed the need for continuous availability of essential medicines.

Mian Abuzar Shad, President of LCCI, emphasized the broader economic benefits of this decision, stating that the availability of imported petrochemicals is crucial for stable production cycles. He called for long-term policy reforms and urged the government to simplify import procedures to foster a business-friendly environment. The LCCI remains committed to collaborating with government authorities to address future challenges and support industrial development.