LAHORE: The Lahore Chamber of Commerce & Industry (LCCI), in its Economic Outlook, has urged the government to give due attention towards the depleting water resources and focus on water and energy issues on priority basis.
LCCI President Ijaz A Mumtaz said that Pakistan may face severe water shortage in near future as water resources of the country are depleting at a rapid pace. He said that the LCCI is trying to unveil the tremendous potential of Pakistani products in African markets by not only discussing the current trade scenario of African countries but also by analysing sector wise potential for Pakistani exporters.
The Economic Outlook has highlighted the tremendous scope of enhancing Pakistani kinnows exports to the developed world markets as Pakistan is among the top ten kinnow producers of the world.
The Economic Outlook discussed the reasons behind the sharp decline in petroleum prices and its impact on the economy of Pakistan. Some large scale fire incidents have happened in major business centres and industrial concerns.
The LCCI, in its Economic Outlook, has highlighted the major causes of fire incidents and suggests suitable measures to avoid such type of incidents in future. The LCCI president said that the exports of Pakistani leather products have been stagnant around $1 billion for the last few years whereas the leather exports of our neighbouring countries have increased by more than 70% in the last four to five years.
Ijaz A Mumtaz said that the objective of the LCCI is to give a helping hand to the government to expedite economic uplift of the country. “Almost all areas of the economy including agriculture sector would be thoroughly discussed in the LCCI’s ‘Economic Outlook’ in its upcoming issue,” he said.
