Infrastructure development in Punjab will boost economy; other provinces should follow the suit: LCCI

Lahore, December 07, 2017 (PPI-OT):The Lahore Chamber of Commerce and Industry while lauding the ongoing and already completed infrastructure development projects in Punjab, has said that Chief Minister Punjab Shahbaz Sharif deserves appreciation for turning Punjab into a center for economic activities.

In a statement, the LCCI President Malik Tahir Javaid, Senior Vice President Khawaja Khawar Rashid and Vice President Zeeshan Khalil said infrastructure development in Punjab has attracted investors and they are keen on developing infrastructure related projects in this province. Such initiative by the governments of other provinces would not only give huge financial benefits to them but would also boost the living standards of their citizens.”

The LCCI President Malik Tahir Javaid said that finest quality and efficient infrastructure is critical to the development of industry, agriculture and trade throughout the world and most of these generate high returns and contribution to the trade and economic activities, employment and government revenues.

He said that critics are criticizing infrastructure development projects in Punjab that is against the ground realities and just an attempt to murk benefits of these good initiatives of Punjab government. He said that Pakistani economy required huge investment in infrastructure. He said that instead of criticizing the development in Punjab, government of other provinces should follow the suit.

He said that Pakistan will not be able to sustain its current levels of population and economic growth without enhancing infrastructure. He said that investing in infrastructure will drive economic growth, provide jobs and deliver vital services to the country. Malik Tahir Javaid said that projects good road network, metro and orange project train will help trust building of the foreign investors and emboss the soft image of the country therefore all of these projects should be completed at the earliest.

For more information, contact:
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
11-Shahrah-e-Aiwan-e-Tijarat,
Lahore -54000, Pakistan
Tel: +92-42-111-222-499
Fax: +92-42-36368854
Website: www.lcci.org.pk

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