- Karachi is an important economic hub of the country
The Lahore Chamber of Commerce and Industry (LCCI) on Thursday expressed concern over the prevailing law and order situation in Karachi and called for immediate restoration of peace.
In a statement, the LCCI President Farooq Iftikhar said that unrest in the port city was not only disrupting the entire economic cycle but also tarnishing the image of the country. He said that due to the ongoing crisis foreign and local investors are not investing in the economy.
He said that if the law and order situation is under control, not only would it encourage local investors but foreign investors as well. “Karachi is Pakistan’s economic engine and if it shuts down the whole economy will collapse. Its taxes and industrial and services sectors feed the national exchequer and its port holds important geographical significance,” he added.