LAHORE (APP) - Punjab Governor Sardar Saleem Haider Khan said on Sunday that effective measures are being put in place to revive real estate sector, while more relief is expected to be given in the upcoming budget.
He was of the view that sustainable industrial growth is only possible when all stakeholders are taken aboard while formulating policies, citing that decisions made without understanding ground realities fail to deliver long-term results.
He noted that many past issues arose due to this gap, but the current government is now focusing on inclusive policymaking.
He expressed these views while speaking to a delegation of Lahore Chamber of Commerce and Industry (LCCI) led by its President Faheem Ur Rehman Saigol here at Governor House.
The delegation included Senior Vice President Tanveer Iqbal Ahmad Sheikh, Vice President Khurram Lodhi, SAARC Chamber Vice President Mian Anjum Nisar and LCCI Executive Committee Members.
The Governor appreciated the business community for continuing investments despite economic challenges, calling it a clear sign of patriotism. He assured, the government is committed to resolving industrialists’ issues and would ensure their concerns are conveyed to relevant authorities.
Speaking on the occasion, LCCI President Faheem Ur Rehman Saigol thanked the Governor and said that prompt response from Governor House reflects the government’s seriousness in addressing business community concerns.
He highlighted that hundreds of industries located in areas such as Saggian, Ferozepur Road, Multan Road, and Raiwind Road are currently facing multiple challenges.
He said that over 1,400 industries are operating in these areas, providing employment to hundreds of thousands of people, but their survival is at risk due to high commercialization fees and administrative hurdles.
He urged the government to immediately declare these as formal industrial zones and significantly reduce fees to sustain business activities.