Lahore: The Lahore Chamber of Commerce & Industry on Friday suggested a three pronged strategy to further strengthen economy.   In his reaction over recent heavy fall in PSX Index, the LCCI President Mian Nauman Kabir said that the slump is temporary so the investors should not be panic and he hoped that it will start its revival process soon[1]. In a statement, the LCCI President Mian Nauman Kabir, Senior Vice President Rehman Aziz Chan and Vice President Haris Ateeq said that stock market of any country is an important economic indicator which shed over 2134 points (nearly 4.7%) in a day. They said that it is a single largest fall since March 2020 that will impact the global perception of Pakistan as a business friendly economy. They said that the increase in trade deficit, hike in policy rate and exorbitant increase in inflation have contributed significantly in the fall of stock market. The LCCI office-bearer said that the issue of a steep rise in trade deficit needs urgent attention of the Government. In the first five months of the current financial year (July-November 2021), the trade deficit stood at around 20.5 Billion Dollars – that is 111% higher as … Continue reading Call for adopting three-pronged strategy to tackle economic crisis