LAHORE The LCCI Senior Vice President Sheikh Mohammad Arshad Wednesday stressed the need for strengthening of institutions and consistency in policies to achieve economic stability, progress and prosperity. The LCCI Senior Vice President was addressing a 125-member delegation of Pakistan Navy War College. The LCCI Vice President Sohail Azhar, former Senior Vice President Sohail Lashari and former Vice President Aftab Vohra also spoke on the occasion and threw light on various aspects of economy. The LCCI Senior Vice President said that no country could ever achieve its aims and objectives until and unless it has a strong system backed by strong institutions as weak institutions bound to expose a country or a state to all types of problems including economic and social. Giving a detailed briefing on LCCI role in policy making, Sheikh Mohammad Arshad said that the Lahore Chamber of Commerce and Industry is playing its due role for promotion of trade and industry in the country. He said that the LCCI has 140 sector-specific Standing Committees. These committees collect private sector feedback, analyze and after a thorough debate it is forwarded to the concerned government departments for consideration at the time of preparation of the Federal Budget. He said that Chamber monitors the budget, anomalies are identified and these coupled with revised proposals are again communicated to the relevant policy making departments. He said that the LCCI also keeps liaison with the commercial sections of the Foreign missions and an exchange of information is ensured.