FPCCI President Atif Ikram Sheikh. Photograph: File
LAHORE:
The Federation of Pakistan Chambers of Commerce and Business (FPCCI) has expressed grave concern over the proposed laws to amend the Commerce Organisation Guidelines, stating that it has despatched shockwaves by means of the enterprise group nationwide.
In a press release, FPCCI President Atif Ikram Sheikh stated that the enterprise group had severe reservations in regards to the Commerce Organisation Guidelines 2013 Modification Invoice.
“The enterprise atmosphere is already shaky on account of inner and exterior commerce boundaries and pressures. Chambers of Commerce are the final resort for the enterprise group to lift their voice. The proposed laws will get rid of district-level chambers, destroy institutional constructions and devastate district economies,” he stated.
Sheikh emphasised that district chambers play an important function in shaping native economies and contributing to the nation’s financial progress. “Any restriction on commerce organisations may exclude export-oriented companies from illustration. The amendments will demoralise the enterprise group and discourage SMEs and women-led companies.”
He urged parliament to reject the invoice and permit district chambers to proceed their operations.
In one other assertion, FPCCI Senior Vice President Saquib Fayyaz Magoon expressed concern over the invoice tabled within the Nationwide Meeting Standing Committee on Commerce searching for amendments to the Commerce Organisation Guidelines 2013. He cautioned that any abrupt adjustments to the present framework may end in closure of quite a few consultant commerce our bodies throughout the nation.
