The Lahore Chamber of Commerce and Industry (LCCI) and the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) would share trade and industry related research and would also work as a think tank for economic wellbeing of the country.
The decision was taken during the visit of LCCI delegation, led by President Irfan Iqbal Sheikh, to the Lahore office of the Federation of Pakistan Chamber of Commerce & Industry. The LCCI President Irfan Iqbal Sheikh, LCCI Senior Vice President Ali Hussam Asghar, FPCCI Vice President and Regional Chairman Dr. Muhammad Arshad, former LCCI President and Coordinator FPCCI Punjab Muhammad Ali Mian and LCCI Executive Committee Members spoke on the occasion.
The FPCCI Vice President said that his priority is to maximize interaction between the FPCCI and its constituent trade bodies to get resolved the issues being faced by the trade and industry.
Dr. M. Arshad said that he will play the role of bridge between the government and business community. He said that the traders and industrialists of the whole country have a message of peace, love and sincerity for the country. He was hopeful that the government will help heal the wounds of the business community. He said that good relations between the government and the business community will help bring progress and development and elimination of unemployment.
He said that FPCCI strength lies in the strengthening of its constituent institutions therefore all the chambers should work for the promotion of trade and industry. He said that collaboration among Public, Private sector, Academia and Intelligentsia are a prerequisite to achieve the goal of progress and prosperity. They cited the examples of Japan and Korea where an interaction among the Public, Private sector, Academia and Intelligentsia have done miracles.
LCCI President Irfan Iqbal Sheikh gave the office-bearers and Executive Committee of FPCCI a detailed briefing on the measures initiated by the Lahore Chamber of Commerce and Industry for wellbeing of the trade and industry.
He also threw light on ongoing economic challenges and stressed the need for collective approach to bring country out of these problems. He said that both the Lahore Chamber of Commerce and Industry and FPCCI have their own strengths and the joining of hands by the two institutions would bring positive change at the economic front. He said that country can make an impact at international level because of awareness about latest business methodologies.
The LCCI President said that the Lahore Chamber of Commerce and Industry is also spending a considerable amount of energy on the collection of necessary business-related data that would help bring convert certain unorganized sectors into organized ones.
Irfan Iqbal Sheikh said that it is the responsibility of every businessman to play its role to cope with the challenges being faced by the economy of the country. He also thanked the FPCCI office-bearers for arranging such an interactive session between the FPCCI and the LCCI.
On the occasion, LCCI and FPCCI also inked a Memorandum of Understanding (MOU).
