ADVERTISEMENT
Thursday, October 9, 2025
No Result
View All Result
The AZB More Than Just News
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
No Result
View All Result
Daily The Azb
No Result
View All Result
Home Headline

Bankruptcy looms over the Apex Chamber.

News Desk
July 24, 2021
Apex Chamber
Share on FacebookShare on Twitter

The United Business Group (UBG) on Saturday alleged FPCCI leadership for violating merit and appointing blue-eyed on hefty salaries which have pushed Apex Chamber under financial stress.

The resources of FPCCI should not be wasted otherwise, this leading representative body of the business community may go bankrupt soon, it said.

Advertisements

Secretary Information of UBG and former Vice President FPCCI Mirza Ikhtiar Baig said in a statement issued here today that the Businessmen Panel is pleasing its elected and non-elected members wasting millions.

One of the elected leaders of FPCCI has appointed two Additional Secretary Generals for Karachi and Lahore office against a monthly salary of nine hundred thousand rupees with fringe benefits.

Similarly, another leader got his relative appointed as Manager Marketing on a salary package of one hundred and fifty thousand rupees while thirteen more have been appointed in different departments violating merit, seniority, and HR rules, he informed.

He informed that some senior officials have been fired without any justification while the seniority of others has been disturbed to favour cronies resulting in frustration.

The step of the FPCCI leaders has resulted in in a great deal of frustration, disappointment, and suffocation among the staff of the Apex Chamber and it has pushed up the salary graph to almost to Rs10 million per month.

On the other hand, he said, while the expanses are skyrocketing, the finances of FPCCI are shrinking due to mismanagement which may leave this institution bankrupt if an immediate intervention was ignored by the authorities.

He said that the ruling group in FPCCI has resorted to oblige non-elected members by allocating them an office in the FPCCI capital office illegal and sheer violation of rules which is an exploitation of all the resources including the human resources.

Advertisements
Tags: Apex ChamberFPCCIUnited Business Group
News Desk

News Desk

Welcome to our web desk! We're a dedicated team of digital enthusiasts passionate about delivering timely and engaging content to our online audience.

Related Posts

Addressing Antisocial Personality Disorder in Pakistan
ARTICLES

Addressing Antisocial Personality Disorder in Pakistan

October 8, 2025
Making a Career as a Musician , More Than Just a Dream
ARTICLES

Making a Career as a Musician , More Than Just a Dream

October 8, 2025
The expectations from women in society
BANKING

The expectations from women in society

October 8, 2025
Sindh Secretary for Information, Nadeem-ur-Rehman Memon,
Business

Sindh Secretary for Information, Nadeem-ur-Rehman Memon,

October 8, 2025
Negative Indian Propaganda against Yasin Malik
ARTICLES

Negative Indian Propaganda against Yasin Malik

October 8, 2025
Sindh Senior Minister for Information, Transport and Mass Transit Sharjeel Inam Memon
Headline

Sindh Senior Minister for Information, Transport and Mass Transit Sharjeel Inam Memon

October 8, 2025
FCCU Hosts Launch of Zafar Masud’sInspiring Memoir “Seat 1C”
BANKING

FCCU Hosts Launch of Zafar Masud’sInspiring Memoir “Seat 1C”

October 8, 2025
Business

Pakistan’s Economic Calm? The Reality Behind Bloomberg’s Praise

October 8, 2025
Mobilink Bank Bags Four Awards at AMC-9 for Digital Innovation and Financial Inclusion
BANKING

Mobilink Bank Bags Four Awards at AMC-9 for Digital Innovation and Financial Inclusion

October 8, 2025
The Future of Journalism in the Age of Chatbots
ARTICLES

The Future of Journalism in the Age of Chatbots

October 8, 2025
Next Post
Arif Nizami

Renowned senior journalist Arif Nizami laid to rest.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Most Popular

Efforts to Expand EV Charging Infrastructure Are Commendable, Aman Paracha

Historical records of Gilani Saadats (Syed).

We will live with Covid19 for months. Let’s not deny it or panic: Dr. Faheem Younus

20th HealthAsia to be held on October 19-21 in Karachi.

His Excellency Sheikh Nahayan Mabarak Al Nahayan Inaugurates Bank Alfalah Branch in Dubai,UAE.

Must Read

First Women Bank
BANKING

First Women Bank and Golootlo Partner for FWB Customers Can avail Discounts

May 30, 2019
massive bush fires in Australia
WORLD

Three killed, 150 homes destroyed in massive bush fires in Australia

October 4, 2020
The Azb is a 24/7 online news platform that covers a wide range of topics including business, economics, technology, finance, travel, fashion, and lifestyle.

Quick Links

  • Home
  • About us
  • SCI-TECH
  • Live TV
  • Banking

Useful Links

  • Videos
  • Reviews
  • Advertorial
  • Photos
  • About us
  • Author
  • Home
  • Latest News
  • Partner
  • Privacy Policy
  • Russian Theatre Group Celebrates Fifth Anniversary in Pakistan.
  • Terms and Conditions
  • The Azb – More Than Just News
  • Contact

© Copyright 2024 theazb. All Rights Reserved.

No Result
View All Result
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION

© Copyright 2024 theazb. All Rights Reserved.