CM’s Special Assistant on Commerce seeks FPCCI's proposals

Business Jan, 10 2023
CM’s Special Assistant on Commerce seeks FPCCI's proposals
  • 178
  • 0

Karachi: Irfan Iqbal Sheikh President FPCCI welcoming visit of Faraz Abid Lakhani Special Assistant to Chief Minister Sindh on Commerce to Federation House to seek proposals and recommendations of apex body appreciated his gesture.

Abid extended full support for development of province, highlighting infrastructural upkeep and development, law and order, burgeoning cost of doing business, abysmal investor confidence and bad state of ease of doing business indicators.

Suleman Chawla SVP FPCCI said no substantial industrial plot is available for less than tens of millions of rupees in Karachi whereas, other countries are offering industrial plots for free to investors. 

Mian Nasser Hyatt Maggo immediate past President FPCCI reiterated that businessmen are constantly harassed by land grabbers and number of industrial properties owned by FPCCI members have been encroached and illegally-possessed by outlaws.

M. A. Jabbar VP FPCCI said successive provincial governments have failed business community and masses alike due to lackluster performance on commerce and labour policies. Bureaucracy should do more than presentations and strategise for their actual implementation.

Faraz Abid Lakhani and his team gave detailed answers to FPCCI office bearers and members. CM Sindh and provincial government is crystal clear that new commerce policy of Sindh 2023-27 will not be announced without taking on board business community.

He added government is having technical assistance of USAID in this regard and sectorial action plans will also be incorporated in policy to make is effective and inclusive.

Published in The Daily National Courier, January, 10 2023

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.

NC Big Stories

Petrol price increased by Rs1.35/litre for next fortnight

ISLAMABAD: Against market expectations, government has increased price of petrol by Rs 1.35 per litre for next fortnight, ending on November 15. According to notification issued by Finance Division, new price of petrol will be Rs 248.38 per litre, up...

President Zardari fractures foot while deboarding plane at Dubai Airport

Dubai: President Asif Ali Zardari fractured his foot while deboarding an airplane upon arrival at Dubai International Airport, statement from President House said on Thursday. Following fall, he was immediately taken to hospital for treatment. After...

Retired Boeing 737 transported by road from Karachi to Hyderabad

KARACHI: For first time in Pakistan’s history, retired Boeing 737 was transported by road, creating an unusual spectacle as it journeyed from Karachi to Hyderabad. 154-kilometer trip took roughly two and half hours, with 110-foot-long, 40-ton a...

PM Shehbaz, Qatari Amir vow to foster cooperation, bilateral ties

Doha: Prime Minister Shehbaz Sharif, accompanied by Qatar’s Amir Sheikh Tamim Bin Hamad Al-Thani visited exhibition ‘Manzar: Art and Architecture of Pakistan from 1940s to Today’ at National Museum of Qatar, according to Associated...

More like this
Related

PM Shehbaz invites Qatari investors to explore Pakistani sectors

Doha: Prime Minister Shehbaz Sharif invited Qatari investors to explore Pakistan’s various economic sectors during his official visit to Gulf country. After securing investment pledges worth $ 600 million during his Saudi Arabia trip, he is in...

FBR increases property valuations in 56 cities

The Federal Board of Revenue (FBR) has raised property valuation rates for immovable properties in 56 cities. According to details, the FBR jacked up the property valuation rates by 75% of the actual market rates starting November 1, 2024. This decis...

Pakistan Railways faces 130pc surge in bogies’ import cost

ISLAMABAD: Amid strong objections from ministries of Finance and Planning, Pakistan Railways is seeking 130 percent increase in procurement cost of around 1,050 bogies to Rs 71 billion mainly because of currency depreciation and change of specificati...

Rupee records marginal decline against dollar

KARACHI: Rupee registered marginal decline against dollar, depreciating 0.02 percent in interbank market. At close, domestic unit settled at 277.74, loss of 0.06 paisa against greenback. In interbank market bid rate for dollar was to Rs 277.74 and f...
Need Help? Chat with us