Karachi: Atif Ikram Sheikh, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed grave concern over the proposed legislation to amend the Trade Organization Rules, stating that it has sent shockwaves through the business community nationwide.
In a statement, He said that the business community has serious reservations about the Trade Organization Rules 2013 Amendment Bill. “The business environment is already shaky due to internal and external trade barriers and pressures. Chambers of Commerce are the last resort for the business community to raise their voice. The proposed legislation will eliminate district-level chambers, destroy institutional structures, and devastate district economies.
President FPCCI emphasized that district chambers play a vital role in shaping local economies and contributing to the country’s economic growth. “Any restriction on trade organizations could exclude export-oriented businesses from representation. The amendment will demoralize the business community and discourage SMEs and women-led businesses.”
He urged the parliament to reject the bill and allow district chambers to continue their operations. “This move will have far-reaching consequences for the economy and the business community. We request the authorities to reconsider the proposed legislation and ensure that the district chambers are allowed to function effectively.”
