LCCI for further cut in fuel, power prices
LAHORE: Lahore Chamber of Commerce & Industry (LCCI) has urged the government to bring down energy prices as industries deserve benefit of major decline in oil prices in international market. LCCI President Irfan Iqbal Sheikh, Senior Vice President Ali Hussam Asghar and Vice President Mian Zahid Jawaid Ahmad said in a media statement that oil was an important raw material for industrial sector while the country was also producing a major chunk of electricity from oil. Keeping in view the decline of oil prices in the international market, the government should bring down the energy prices in the country. It would be a great relief to the industries and traders suffering heavily in the prevailing situation due to coronavirus and lockdown throughout the country, they observed.
LCCI office-bearers said that high cost of doing business was one of the major issues being faced by the industrial sector and industries needed support of the government to bring down their input cost to ensure prominent presence in the international market. - APP