LCCI echoes call for charter of economy as unrest costs billions of rupees losses to economy

LAHORE: In the aftermath of four days of intense political unrest, the nation faces staggering economic losses amounting to billions of rupees coupled with tragic loss of life and property.

In response to this dire situation, Kashif Anwar, President of the Lahore Chamber of Commerce and Industry (LCCI), has issued a compelling plea to all political parties to set aside their differences and prioritize the revival of national economy.

According to the latest data released by economic analysts, the ongoing political unrest has resulted in an estimated loss of over Rs10 billion to the country’s economy. This figure includes the direct impact on businesses, the decline in consumer spending, disruptions in supply chain, and the adverse effects on investors’ confidence. The unrest has dealt a severe blow to multiple sectors, including manufacturing, tourism, and services.

Kashif Anwar’s urgent call for unity emphasizes the need for a cohesive and concerted effort to address the economic challenges at hand.

He has proposed the signing of a comprehensive Charter of Economy, which aims to attract foreign direct investment (FDI) and promote local investment as key drivers of economic recovery.

The proposed Charter of Economy would encompass a range of strategic measures, including policies to enhance the ease of doing business, establish investor-friendly regulations, develop robust infrastructure, and foster a conducive environment for domestic and international investors.

“These initiatives are designed to revitalize economic growth, generate employment opportunities, and stimulate sustainable development across various sectors,” Kashif said.

The LCCI president’s plea for political parties to unite under the Charter of Economy is based on the understanding that the stability and prosperity of the nation depend on collective action and shared responsibility.

“By putting aside partisan interests and focusing on the well-being of the economy, it is hoped that political leaders will pave the way for a brighter future, ensuring stability, progress, and prosperity for all citizens. As the nation grapples with the aftermath of recent political unrest, the implementation of a comprehensive Charter of Economy stands as a beacon of hope, offering a pathway to economic recovery and the restoration of investor confidence. The time is now for political parties to heed the call for unity and join forces in charting a course towards a resilient and thriving national economy,” he concluded.

Shahab Omer
Shahab Omer
The writer is a member of the staff and can be reached on [email protected]


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