Lahore- The Lahore Chamber of Commerce & Industry (LCCI) on Tuesday called for the abolition of recently imposed customs duty on energy saving electric equipments to bring them within the reach of all.

Speaking at the meeting of LCCI’s Executive Committee, LCCI President Sheikh Muhammad Arshad said that zero custom duty on all energy saving equipments like LED and SMD was must to bridge the gap between energy’s demand and supply.

LCCI Senior Vice President Almas Hyder also spoke on the occasion.

The LCCI president said that despite the fact that Pakistan was an energy starved country and there was a dire need for taking extra ordinary measures to fill the gap between energy’s demand and supply, illogical decisions like imposition of duty on energy saving equipment were being taken.

He said that all sorts of energy saving equipments should be exempted from all kinds of taxes and duties to get rid of the loadshedding within the shortest possible time.

He said that all kind solar equipment should also be included in the list of duty-free items to encourage utilisation of alternative energy resources.

The LCCI President Sheikh Muhammad Arshad and Senior Vice President Almas Hyder said that we all are aware of the present challenges to our economy and especially the menace widely caused due to severe energy crisis. They said that we desperately need some good alternatives and viable solutions in this connection.