LAHORE: The business community and banking sector share a strong interdependence, and commercial banks should offer maximum facilitation to strengthen economic activity, said Syed Salman Ali, Convener of the Standing Committee on Banking Affairs at the Lahore Chamber of Commerce and Industry (LCCI), while chairing a committee meeting in Lahore.
Among those who spoke at the session were former LCCI Senior Vice President Ali Hissam Asghar, Syed Mardan Ali Zaidi, and Executive Committee members Aamir Ali, Karamat Ali Awan, and Waqas Aslam. Several other stakeholders from the business community also participated.
Syed Salman Ali outlined major challenges faced by businesses, including delays in onboarding exporters, insufficient data sharing between banks, and instances of inaccurate information being provided by previous banking institutions.
The committee agreed to raise these concerns with the Chief Manager of the State Bank of Pakistan in a forthcoming meeting. Participants also proposed setting up a facilitation counter of the State Bank at the LCCI to ensure quicker resolution of complaints.
Attendees stressed that stronger coordination between financial institutions and the business sector is vital for sustainable economic growth and boosting exports.
