Punjab PA speaker vows to address businessmen’s concerns

Punjab Assembly Speaker Malik Ahmad Khan has promised the Lahore Chamber of Commerce and Industry that its suggestions on rule enforcement, tax policy, industrial growth and ease of investing will go to the relevant authorities, according to Business Recorder. He made the commitment on Friday while addressing the chamber. In his remarks, he argued that laws should be shaped through dialogue with stakeholders, since heavy regulation may discourage investment and slow economic activity.

LCCI President Ali Hussam Asghar, with Senior Vice President Sardar Usman Ghani and Vice President Chaudhry Khadim Hussain, put forward proposals to end the FIR culture, stop traders being humiliated and harassed, and revisit arrest powers. Asghar also wanted businesses consulted before new trade and industry laws are introduced, and sought amendments concerning the Punjab Real Estate Regulatory Authority plus a review of the Punjab Food Authority Act. The Speaker agreed that enforcement should be equitable, measured and lawful.

Khan also praised Prime Minister Shahbaz Sharif and Chief Minister Maryam Nawaz Sharif, citing efforts to build investor confidence and to improve infrastructure, roads and municipal services. He said the Punjab Assembly remains open to dialogue with the business community. The proposals will be reviewed and discussed with the relevant departments.