The LCCI Acting President Khawaja Shahzad Nasir said the Lahore Chamber has received complaints that industrial units are being sealed by the authorities without any prior notice for using furnace oil.
"Furnace oil is a costly source of energy and a major reason of high cost of doing business. If furnace oil is being used by the industrialists, its mean that they have no other option to run their industries in the absence of gas", he added.
He said that businessmen should be treated as partners of the state as economy cannot grow without their vibrant role. They are contributing greatly to the country's economy. No country can even dream about GDP growth until and unless participation of the local investors in the economic activities. They said that unsympathetic action against the industrial sector would also irk the foreign investors, he maintained.
The industrial sector should be given some time to resolve their issues instead of sealing the industrial units forcefully. Such practice would give a big blow to the efforts of the government aimed at promotion of investment in the country. "How one can even think to attract more foreign investors to the country when local investors are struggling", he questioned and added that private sector of the country should be given breathing space. He urged the government to take notice of the situation and give industrial sector some time for compliance.