Big majority in Khyber Pakhtunkhwa favours Kalabagh Dam: MCCI chief

May 23, 2014- BR Report

A big majority in Khyber Pakhtunkhawa province is in favour of Kalabagh dam that can be proved by holding a referendum. President Mardan Chamber of Commerce and Industry (MCCI) Zahir Shah stated this while talking to Lahore Chamber of Commerce and Industry (LCCI) President Sohail Lashari during a visit to the LCCI on Thursday. MCCI Founding President Haji Sultan was also present on the occasion.

The MCCI President said Kalabagh dam should be built without any further delay as it was the lifeline of Pakistan economy. He said that LCCI would be at the forefront if a movement to pave the way for construction of KBD was launched. Zahir Shah appreciated the efforts of the LCCI for the cause of the dam and for promotion of trade and economic activities in the country. He said devastating floods in the yester years had taught a lesson to the people of KP that construction of water reservoirs was the only solution to avoid any such eventuality in future.

He said Mardan chamber would work hand in hand with the LCCI to develop a consensus among all the federating units for the early construction of KBD. He said the dam had been politicised for nothing. He said LCCI FM Radio was a positive step of the Lahore Chamber as through that medium, the business community problems were fast reaching the concerned quarters.

LCCI President Sohail Lashari said for the first time, the LCCI had constituted a committee on Kalabagh dam having a number of renowned experts in its fold. The committee has been tasked to evolve its recommendations for early development of the mega project of vital national importance.

He also informed the MCCI delegation about the establishment of Mediation Centre at the LCCI in collaboration with International Finance Corporation of the out-of-court settlement of business disputes. He also took them on board on LCCI initiative about Public Private Dialogue saying that the LCCI was striving to promote that concept to ensure letter and spirit implementation of all the economic policies. He said in the modern world public private dialogue was in vogue and Pakistan government would have to adopt the same mode to achieve desired economic goals.

The LCCI and MCCI inked memorandum of understanding (MoU) to wage joint efforts and pool their resources for the promotion of trade and industry in their respective areas of jurisdiction. As per MoU, both the chambers would evolve a unified strategy on the issues of common interest, share and exchange all trade-related data with each other for increasing competitiveness of goods and reducing cost of doing business.

The LCCI and MCCI will cooperate in preparation of proposals for Excise and Taxation matters, budgetary recommendations and other national policies. Both the chambers would conduct joint research studies to strengthen industries in their respective areas.

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