Market Update: Muzaffarabad Chamber, LCCI discuss economy, business cooperation – Full Analysis

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LAHORE, Jan 27 (APP):A delegation from the Muzaffarabad Chamber of Commerce and Industry led by its President Khawaja Ishtisham Woogra met with Lahore Chamber of Commerce and Industry (LCCI) office-bearers here at LCCI on Tuesday.

Matters of mutual interest, the current economic situation and business cooperation were discussed in detail during the meeting that was attended by LCCI President Faheem ur Rehman Saigol, Senior Vice President Tanveer Ahmad Sheikh and Vice President Khurram Lodhi, former LCCI pesident Tahir Javed Malik, former SVP Zafar Mahmood Chaudhry and former Executive Committee members. Muzaffarabad Chamber’s delegation comprised its Executive Committee members Raja Abid Khan, Malik Ejaz Gilani, Shadab Mateen, Muhammad Irfan Kayani, Hasan Taj and Raja Abdul Rasheed.

During the meeting, LCCI President Faheem ur Rehman Saigol said that Lahore Chamber is a major and active chamber, and given Pakistan’s current economic situation, it is necessary for the country’s business community to be united. He emphasized that government should receive a single joint budget proposal to enable effective measures for economic stability.

He added that Lahore Chamber has decided to work collaboratively through the Federation platform to provide concrete proposals for economic stability.

Faheem ur Rehman Saigol demanded the abolition of CESS, and a reduction in power tariff and interest rates, adding that Lahore Chamber will submit joint budget proposals to government by February end and will actively work for their implementation. “LCCI remains active at all the time to address the business community’s concerns,” he mentioned.

Muzaffarabad Chamber President Khawaja Ishtisham Woogra said that communication between Lahore and Muzaffarabad Chambers should continue. He highlighted the vast business potential in Azad Kashmir, especially in handicrafts, tourism and the mineral sector. He said Muzaffarabad Chamber is an active chamber and will provide full support for investment in the region.

He further stated that the Muzaffarabad Chamber is ready to support the mineral sector and other businesses. The culture of Azad Kashmir is gradually disappearing, and sectors like furniture, dry fruits, and medicinal herbs have export potential. In addition, there is also significant hydropower potential in the region.