The business community has expressed dissatisfaction over management of the country\u2019s economic affairs by the government, saying it has now become impossible for industrialists to continue their business operations.
\nThe prime concern these days for the industrialists is the energy-fuelled inflation, which is forcing many to halt operations as their business has become unviable.
\n\u201cNo one has done more harm to Pakistan\u2019s economy than the National Electric Power Regulatory Authority (Nepra),\u201d remarked Lahore Chamber of Commerce and Industry (LCCI) President Mian Nauman Kabir while speaking at a press conference on Monday.
\nKabir stressed that Prime Minister Shehbaz Sharif had apparently failed to replicate his provincial administration\u2019s performance in the federal government.
\n\u201cI am receiving messages from the industrialists every day who say they are shutting their industrial units due to high electricity bills,\u201d he revealed.
\nKabir recalled that the LCCI was the first chamber that endorsed the government\u2019s move to increase fuel prices as it was the need of the hour. \u201cWe were in a satisfying mood when budget was presented, but soon after the government introduced mini-budgets, which have ruined everything.\u201d
\nFurthermore, there seems to be lack of motivation in different departments as they have failed to put back the country\u2019s economy on track. \u201cEverything has ground to a halt as almost 35,000 containers carrying imported goods are stuck at port.\u201d
\nThe LCCI chief said the government and people blamed the industrialists for tax evasion, but they did not realise that last year\u2019s tax collection target of Rs6 trillion had been achieved due to the efforts of those industrialists.
\n\u201cFor how long 2.3 million taxpayers can bear the burden of entire population; why should we pay for the wrongdoings of people of other regions \u2013 in shape of tax evasion and power theft.<\/p>\n","protected":false},"excerpt":{"rendered":"
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