LCCI to present economic policy framework to govt.

LAHORE -- The Lahore Chamber of Commerce and Industry has started consultation to prepare economic policy framework to help government overcome grave challenges it is facing.

In this regard, LCCI President Kashif Anwar met a team of economists, led by Ali Salman, Managing Trustee, Policy Research Institute of Market Economy on Friday and had a marathon discussion with them.

During course of discussion, it was decided that a document would be prepared for the government to guide it out economic mire. Ali Salman gave a detailed briefing to the President LCCI regarding economic situation and said that the government should bring down rate of taxes to increase revenue besides bring down ongoing expenditures.

LCCI president said that the current state of the economy requires more comprehensive solutions because the country is swiftly moving toward a scarcity of almost everything essential, as we are already witnessing shortages.

Due to continued repercussions from shocks like Covid-19 and the Ukraine war, Pakistan is one of the countries that are suffering the most. Pakistan's frail economy has suffered more than $30 billion in losses as a result of the floods' devastation.

All state stakeholders-political parties...