LAHORE: President of the Lahore Chamber of Commerce & Industry Faheem Ur Rehman Saigol has highlighted both the challenges and emerging economic opportunities for Pakistan amid the ongoing regional war situation, while issuing comprehensive War Advisories for the business community and the Government to safeguard economic stability.
LCCI President Faheem Ur Rehman Saigol said that although the regional conflict has triggered serious economic pressures, including rising petroleum prices, inflation, and disruptions in global trade and shipping routes, Pakistan also has strategic opportunities that can be utilized through timely planning and coordinated policy measures.
He noted that Pakistan’s strategically located ports at Gwadar and Karachi can serve as alternative trade and transit routes for international sea traffic affected by disruptions caused by the closure of the Strait of Hormuz. By improving logistics facilitation and port efficiency, Pakistan can position itself as a regional trade corridor during the ongoing crisis, he added.
The LCCI President further stated that Gulf countries are facing potential food supply shortages due to regional instability, which creates an opportunity for Pakistan to expand food exports. However, he emphasized that while increasing exports, Pakistan must carefully safeguard domestic food security and control inflation to ensure the availability of essential commodities for its own population.
Faheem Ur Rehman Saigol said that recognizing the evolving economic challenges, LCCI has developed comprehensive War Advisories aimed at guiding both businesses and policymakers during this uncertain period.
He stated that the business community is currently facing rising fuel and energy costs, supply chain disruptions, delays in imports and exports, financial uncertainty, and declining market predictability. To address these issues, LCCI has issued a “War Advisory for Members” focusing on practical measures for business continuity and resilience.
The advisory for members includes guidance on cash flow and financial management, diversification of supply chains, energy efficiency measures, risk management strategies, and business continuity planning to minimize operational disruptions.
The LCCI President also shared that a separate “War Advisory for Government” has been prepared and forwarded to the Prime Minister and relevant government departments. The advisory proposes immediate policy interventions to stabilize the economy, support industry, and maintain export momentum.
