LCCI welcomes LDA's move to reduce commercial fee    

LAHORE: The Lahore Chamber of Commerce & Industry (LCCI) on Thursday welcomed the Lahore Development Authority (LDA) move to decrease 10 per cent in commercial fees from existing 20 per cent for establishment of new educational institutions and hospitals.

In a statement issued here, LCCI President Abdul Basit said according to new amendment in Land Use Rules, 2014 by the Lahore Development Authority (LDA), schools and hospitals would pay 10 per cent of commercial fee rather than 20 per cent.

He said the initiative would go a long way as it will bring down the establishment cost of educational institutions and hospitals and enable them to provide low-cost educational and facilities to the masses.

He said now educational institutions and hospitals were duty bound to transfer benefit of reduction in commercial fees to the masses.

He said corporate offices should also be given same facility that would make the business environment better and help trust building between the government and the private sector.