Punjab govt taking serious steps to promote business-friendly policies: CM's Advisor

LAHORE, (UrduPoint / Pakistan Point News - 14th Apr, 2026) Punjab Chief Minister's Advisor Imran Khawar Siddiqui said on Tuesday that the Punjab government is taking serious measures to promote business-friendly policies, with a strong focus on facilitating the industrial sector, tax reforms, and ensuring policy continuity.

He expressed these views in a meeting with Lahore Chamber of Commerce and Industry (LCCI) President Faheem-ur-Rehman Saigol here at LCCI on Tuesday.

During the meeting, detailed discussions were held on the current international and economic situation, industrial challenges, and issues of business community.

The Advisor urged the Lahore Chamber to present comprehensive and practical recommendations in the light of prevailing circumstances so that effective policy formulation could be ensured. He said that the Chief Minister Punjab has specifically directed to take steps for providing maximum facilitation to the business community. He added that in view of inflation, fluctuations in international oil prices, gas shortages, and other economic pressures, a robust strategy—particularly for the protection and growth of the SME sector is essential.

Saigol stated that rising global tensions are affecting business activities, which is also increasing pressure on local industries. He pointed out that Pakistani industries are facing significant challenges, including rising raw material costs, supply chain disruptions, and increased shipping and insurance costs.

He further said that blockades of trade routes and disruptions in supply chains are not only increasing costs but also creating serious delays in timely deliveries.

The LCCI President also expressed concern over lack of proper planning despite Pakistan being an agricultural country, stating that absence of accurate and timely data—particularly in sectors like sugar—leads to demand-supply imbalances that destabilize markets.

He emphasized that conducive policies are required to attract overseas Pakistanis’ investment and encourage amnesty for the repatriation of wealth into the country, along with special incentives to restore investor confidence. He added that Pakistan can learn from models such as Dubai by simplifying taxation and regulatory frameworks to facilitate investment flows.

The meeting also discussed issues related to industrial zones, conversion fees, taxes, super tax, and broader investment promotion measures. Both sides agreed on joint efforts for economic stability and improving the business environment.

Imran Khawar Siddiqui noted that limited credit availability from banks to the private sector remains a major challenge and requires immediate attention to ensure adequate financial support for industry and business.

He also mentioned that land lease policy and other facilitation measures are under consideration to improve cash flow for the business community. He reiterated that the government is committed to resolving business community issues in collaboration with the private sector, while also stressing the need to reduce bureaucratic complexities for faster decision-making and effective implementation.