Abbreviation LCCI Headquarters Lahore, Pakistan President Mr. Faisal Ali Rajpout | Formation 1923 Region served Lahore Website www.lcci.com.pk | |
The Lahore Chamber of Commerce & Industry (LCCI) was established in 1923. It was established to serve and represent the interests of the business community in Lahore, Pakistan.
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History
The Lahore Chamber of Commerce and Industry was established by the businessmen and industrialists of Northern India in 1923 under the name of "Northern India Chamber of Commerce and Industry". In 1947 on creation of "The Islamic Republic of Pakistan", its name was changed to "West Pakistan Chamber of Commerce and Industry". In 1960, the present name, "The Lahore Chamber of Commerce and Industry", was adopted. Today, the chamber is the first ISO-Certified Chamber of Pakistan.
Aims and objectives
LCCI aims to represent its members and contribute to the nation's economic development through the promotion of trade and industry. LCCI acts as a bridge between the government and the business community. It plays an important role in policy formulation by maintaining a constant interaction with the relevant authorities.
Composition
LCCI is affiliated with the Federation of Pakistan Chamber of Commerce & Industry. It has two classes of membership, namely, Corporate and Associate. This Chamber has currently more than 18,000 members and LCCI claims to be the biggest chamber in Pakistan.
Management
The organization's policies and programs are determined by the 30 members of Executive Committee who are elected by the members, out of which one-third retire every year and in their place, new members are inducted through election. The office bearers are elected by the members of the Executive Committee every year. The President controls the working of the office and staff and directs all matters of the Chamber, with the assistance of Senior Vice-President and Vice-President.(Faisal Ali Rajput)
Research and Development Department
In 1985, Research and Development Department was established at LCCI to act as the Think Tank and Advocacy Arm. The department is active to help business community is meeting their day to day need through providing updated information regarding business and economy and macro and micro business and economic policies of the government. The department is in contact with various government and international agencies in order to get consultation regarding important national and international policy matters which could affect directly or indirectly business, trade and industry.