LCCI chief for strong system to achieve aims, objectives of country

"No country can ever achieve its aims and objectives until and unless it has a strong system backed by strong institutions as weak institutions are bound to expose a country or a state to all types of challenges." LCCI President Ijaz A Mumtaz expressed these views while addressing a high-level delegation of Navy officers of 44th Staff Course of Pakistan Navy War College who visited the Lahore Chamber of Commerce and Industry (LCCI) to explore role of the business community for the economic well being of the country.
Rear Admiral Abdul Aleem was leading the delegation while LCCI Senior Vice President Mian Nauman Kabir was present on the occasion. While lauding the sacrifices of the security forces for establishing writ of the government, Ijaz A Mumtaz said that peace is a must for economic development of the country. He said deteriorating law and order condition had caused undue loss to the national economy but now things are moving in the right direction because of joint efforts of the government and security forces. "The days are not very far when Pakistan will be free of terrorism" he said.
He also briefed the delegation about the LCCI role in policy making. The Lahore Chamber is playing its due role for promotion of trade and industry in the country. Over 100 sector-specific Standing Committees collect private sector feedback, analyse and after a thorough debate it is forwarded to the concerned government departments for consideration at the time of preparation of the federal budget. It also monitors the budget, anomalies are identified and these coupled with revised proposals are again communicated to the relevant policy making departments.
He said LCCI also keeps liaison with the commercial sections of the Foreign missions and an exchange of information is ensured. Speaking on the occasion, Rear Admiral Abdul Aleem lauded the role of LCCI for keeping the country's economy on right track and said it was the private sector which played a decisive role for the economic boost of any country.