{"id":62755,"date":"2020-03-16T12:54:44","date_gmt":"2020-03-16T07:54:44","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=62755"},"modified":"2020-03-16T12:54:46","modified_gmt":"2020-03-16T07:54:46","slug":"lcci-suggests-reduction-land-use-conversion-fee","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/lcci-suggests-reduction-land-use-conversion-fee.html","title":{"rendered":"LCCI suggests reduction in land-use conversion fee"},"content":{"rendered":"\n<p>Lahore: The Lahore Chamber of Commerce &amp; Industry (LCCI) has proposed a reduction in the land-use conversion fee; providing its recommendations to the Punjab government, a news source reported. To this effect, the chamber has suggested to limit the charges to 1% for industry and for regularising the existing industrial units without implementing prescribed fee and conversion charges.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/pakistan-can-serve-as-food-basket-of-the-region-with-chinese-help-lcci-president.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Pakistan can serve as food basket of the region with Chinese help: LCCI President (opens in a new tab)\">Pakistan can serve as food basket of the region with Chinese help: LCCI President<\/a><\/p>\n\n\n\n<p>LCCI President Irfan Iqbal Sheikh recently wrote a letter to\nPunjab Chief Minister (CM) Usman Buzdar. He stated that the current land-use conversion\ncharges were quite high and the industry would be unable to incur these. He\nadded that the LCCI had always maintained to regularise the existing industrial\nunits without the prescribed fee and conversion charges. In the letter, the\nLCCI president asked to limit the conversion charges to 1% for industry.<\/p>\n\n\n\n<p>Shiekh stated that lowering the conversion charges would put an end to uncertainty among the business community. It would also promote industrialisation in Punjab in addition to attracting significant <a href=\"https:\/\/www.zameen.com\/news\/pm-hopes-pakistan-becomes-top-investment-destination-by-2020.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"investments  (opens in a new tab)\">investments <\/a>and creating employment, he added. <\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/asset-declaration-facilitation-desk-set-up-at-lcci.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Asset Declaration Facilitation Desk set up at LCCI (opens in a new tab)\">Asset Declaration Facilitation Desk set up at LCCI<\/a><\/p>\n\n\n\n<p>The LCCI president opined that the CM\u2019s support in this\nmatter would strengthen the relation between the public and private sectors,\nwhich was the need of the hours for the country\u2019s economic development. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Lahore Chamber of Commerce &amp; Industry (LCCI) has proposed a reduction in the land-use conversion fee; providing its recommendations to the Punjab government, a news source reported. To this effect, the chamber has suggested to limit the charges to 1% for industry and for regularising the existing industrial units without implementing prescribed fee and conversion charges. Read: Pakistan can serve as food basket of the region with Chinese help: LCCI President LCCI President Irfan Iqbal Sheikh recently wrote a letter to Punjab Chief Minister (CM) Usman Buzdar. He stated that the current land-use conversion charges were quite high and the industry would be unable to incur these. He added that the LCCI had always maintained to regularise the existing industrial units without the prescribed fee and conversion charges. In the letter, the LCCI president asked to limit the conversion charges to 1% for industry. Shiekh stated that lowering the conversion charges would put an end to uncertainty among the business community. It would also promote industrialisation in Punjab in addition to attracting significant investments and creating employment, he added. Read: Asset Declaration Facilitation Desk set up at LCCI The LCCI president opined that the CM\u2019s support in this&hellip;<\/p>\n","protected":false},"author":68,"featured_media":62620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012],"tags":[23052],"persona":[],"class_list":{"0":"post-62755","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"tag-details-on-lcci-suggests-reduction-in-land-use-conversion-fee","9":"cat-15012-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LCCI suggests reduction in land-use conversion fee - Zameen News<\/title>\n<meta name=\"description\" content=\"The Lahore Chamber of Commerce &amp; Industry (LCCI) has proposed a reduction in the land-use conversion fee; providing its recommendations to the Punjab government.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/lcci-suggests-reduction-land-use-conversion-fee.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LCCI suggests reduction in land-use conversion fee - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The Lahore Chamber of Commerce &amp; 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