ISLAMABAD: The Lahore Chamber of Commerce and Industry (LCCI) has established a War Fund to express solidarity with Pakistan’s armed forces, state-run media reported on Sunday, as Islamabad’s tensions with New Delhi continue to surge.
The LCCI is one of the most prominent Pakistani chambers of commerce in the country. It represents the interests of the business community, both locally and nationally, with responsibilities including advocacy, trade policy representation and economic regulation.
The LCCI made the announcement as Pakistan’s tensions with India continue to surge following the Apr. 22 attack at a popular tourist resort in Indian-administered Kashmir, which killed 26 tourists. New Delhi blames Islamabad for backing perpetrators of the attack, an allegation Pakistan vehemently denies.
“Lahore Chamber of Commerce and Industry (LCCI) has announced to establish a “War Fund” to express national solidarity with armed forces during wartime conditions,” state broadcaster Radio Pakistan reported.
LCCI President Mian Abuzar Shad was quoted by Radio Pakistan as saying that the fund has been initially established with Rs10 million [$35,683], adding that they intended to collect Rs1 billion [$3,571,429] which would be achieved “very soon.”
Fears of a military confrontation between the nuclear-armed nations, who both rule the disputed Kashmir territory in part but claim it in entirety, have surged after Apr. 22.
Both nations’ forces have traded fire over the Line of Control frontier in Kashmir while diplomats have exchanged barbs and both countries have expelled citizens and ordered their land border shut.
Prime Minister Narendra Modi has given the Indian military the “operational freedom” to respond to the Apr. 22 attack. Pakistan has since then conducted war exercises and vowed that military action from India would result in a “strong” response.
Several countries such as the US, China, UK, Saudi Arabia, Turkiye and other Middle Eastern nations have called on both India and Pakistan to exercise restraint and avoid an armed confrontation.