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LCCI president concerned over Karachi unrest

LCCI president concerned over Karachi unrest

LAHORE: The Lahore Chamber of Commerce and Industry on Thursday expressed deep concern over prevailing violent situation in Karachi and called for early restoration of peace and revival of economic activities in the city.

In a statement, LCCI President Farooq Iftikhar said that unrest in the largest port city was not only disrupting the entire economic cycle but also tarnishing the image of the country.

A one-day strike or shutdown in Karachi causes loss of Rs 3-4 billion to the economy besides hitting hard around 2.5 million daily wagers working in 4000 industrial units and 600,000 retail shops.

Farooq Iftikhar said that peace in all parts of the country was a prerequisite to keep wheel of the economy running.