LAHORE:
Khyber-Pakhtunkhwa Governor Calls for Cross-Sector Unity to Drive National Development
Khyber-Pakhtunkhwa Governor Faisal Karim Kundi has called for a unified approach across various sectors to harness Pakistan’s potential and drive national development. Addressing the Lahore Chamber of Commerce and Industry (LCCI), Governor Kundi emphasized the need for collective effort and cooperation to achieve prosperity amid the country’s ongoing challenges.
Governor Kundi’s address came as he underscored the immense potential of Pakistan and the necessity of collaborative endeavors to overcome hurdles and propel the nation forward. He highlighted that despite the various issues currently affecting the country, unity and collective action could significantly advance Pakistan’s progress.
The LCCI President, Kashif Anwar, outlined several pressing concerns impacting the business community. These included currency depreciation, soaring energy costs, and high-interest rates, all of which have contributed to a challenging business environment. Anwar stressed the importance of stable and consistent policies to foster a conducive atmosphere for business operations and long-term growth.
In his address, Governor Kundi expressed deep concern over the severe electricity crisis in Khyber-Pakhtunkhwa. He revealed that the province experiences up to 18 hours of load shedding daily, a situation that he believes could be alleviated if Khyber-Pakhtunkhwa received a fair share of the electricity it generates. The governor’s remarks were a call for addressing the regional energy disparities that significantly affect local industries and daily life.
The LCCI President also advocated for renegotiating agreements with Independent Power Producers (IPPs) to alleviate the financial strain on the country and improve the overall energy situation. He pointed out the untapped potential of Khyber-Pakhtunkhwa’s tourism sector and the gems and jewellery industry as potential sources of foreign exchange that could benefit the national economy.
Governor Kundi supported Anwar’s call for renegotiation and highlighted the importance of vocational training to equip the youth with the skills needed to thrive in various industries. He also emphasized the need for enhanced trade relations with Afghanistan to leverage the Central Asian market and boost regional economic ties.
Anwar concluded his address by reiterating the necessity for a broader tax base, policy continuity, and comprehensive economic reforms to support business growth. He assured that the LCCI remains committed to facilitating businesses and navigating through the current economic difficulties.
In summary, Governor Kundi’s call for unity and collaborative efforts across sectors was a significant highlight of the meeting, reflecting a shared commitment to addressing Pakistan’s economic challenges and unlocking its potential. The dialogue between the governor and business leaders underscored the need for strategic action and cooperation to ensure sustainable development and economic stability.