LCCI for land conversion fee reduction in Lahore – Newspaper

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the Punjab government to review the fees charged by the Lahore Development Authority (LDA) for land conversion.

“The LDA charges 20% of commercial value at the DC rate for conversion of land used by existing industry, which is very high and a barrier to industry growth. It should be abolished with immediate effect,” Acting LCCI Chairman Mian Rehman Aziz Chan said on Saturday during a meeting with a government delegation from Punjab, led by the CM’s business and trade adviser, Nasir Salman Bashir.

The representative of the Lahore Chamber of Commerce and Industry also expressed concern about the water tariff for industry and commercial consumers in Lahore which he said was also very high compared to other major cities in the province.

“We all agree that the water tariff for industrial and commercial use in the provincial capital of Lahore should be reviewed and set according to other cities,” he said at the meeting.

LCCI members said the government should include their representatives in provincial councils and district administration committees on industry for quick and timely resolution of business-related issues.

“A committee has also been set up on the tax issue, but the issue is still pending and no significant progress has been made so far. Moreover, the Punjab government should play its part for the installation of water treatment plants in the industrial units,” said Vice President of Lahore Chamber of Commerce and Industry, Haris Ateeq .

Adviser to the Chief Minister, Nasir Salman Bashir, has pledged to raise all questions from members of the Lahore Chamber of Commerce and Industry with the CM.

Posted in Dawn, February 27, 2022