Adviser meets with LCCI officials

LAHORE: Pakistan has all resources to become mini-factory of the world and being a hub of economic activities, the role of Punjab is crucial, a government official said on Friday.

Speaking at the Lahore Chamber of Commerce and Industry (LCCI), Adviser to the Punjab Chief Minister on Economic Affairs and Planning Dr Salman Shah said that Punjab is a powerhouse with enormous resources such as its people, the youth and the great ecosystem of rivers.

There is this phenomenon of urbanisation and cities achieving scale; lots of young people are migrating from the rural economy to the urban economy, he said.

Utilisation, productivity and competitiveness of these can make a breakthrough. And the focus for the Punjab government is to improve the institutions and bring in governance and technology to leverage these resources, Shah added.

LCCI President Irfan Iqbal Sheikh said that the chamber has proposed that all existing industrial units should be regularised without penalty. The government should demarcate industrial and economic zones and set up special economic zones (SEZs) urgently on different suitable sites.