LCCI chief demands cut in energy prices.

Lahore Chamber of Commerce and Industry President Irfan Iqbal Sheikh has said that balanced energy prices can act as an economic booster therefore these should be reduced for the trade and industry.

The LCCI president expressed these views while talking to a delegation of leading businessmen at the Lahore Chamber of Commerce and Industry. LCCI Vice President Mian Zahid Jawaid Ahmad was also present on the occasion.

'Industries need low-cost energy to bring down their cost of doing business and to keep their merchandise competitive in the international market', Irfan Iqbal Sheikh added.

He said cut in energy prices would be a great relief to the industries and traders who are suffering heavily because of circumstances fabricated by the coronavirus.

The LCCI president said that high cost of doing business is one of the major issues being faced by the industrial sector and industries need support of the government to bring down their input cost to ensure prominent presence in the international market. Definitely, it would bring much-needed precious foreign exchange to the country and reduce financial pressure.

He said that it is not the industrial sector alone but the...

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