LCCI Acting President Khawaja Shahzad Nasir said the industry was already facing different issues including high production cost, provision of cheap and easy loans and unnecessary delay in payment of sales tax refunds. Under such circumstance, the higher interest rate is aggravating the financial health of the industry, he added. He further said that such issues are not only leaving negative impact on job creation programme but also causing decline in the government revenue.
LCCI Acting President Khawaja Shahzad Nasir said the industry was already facing different issues including high production cost, provision of cheap and easy loans and unnecessary delay in payment of sales tax refunds. Under such circumstance, the higher interest rate is aggravating the financial health of the industry, he added. He further said that such issues are not only leaving negative impact on job creation programme but also causing decline in the government revenue.