AGL 40.03 Decreased By ▼ -0.18 (-0.45%)
AIRLINK 127.65 Increased By ▲ 0.01 (0.01%)
BOP 6.70 Increased By ▲ 0.03 (0.45%)
CNERGY 4.51 Increased By ▲ 0.06 (1.35%)
DCL 8.75 Increased By ▲ 0.02 (0.23%)
DFML 41.28 Increased By ▲ 0.12 (0.29%)
DGKC 86.80 Increased By ▲ 0.69 (0.8%)
FCCL 33.14 Increased By ▲ 0.58 (1.78%)
FFBL 64.25 Decreased By ▼ -0.13 (-0.2%)
FFL 11.50 Decreased By ▼ -0.11 (-0.95%)
HUBC 112.22 Decreased By ▼ -0.24 (-0.21%)
HUMNL 14.98 Increased By ▲ 0.17 (1.15%)
KEL 5.17 Increased By ▲ 0.13 (2.58%)
KOSM 7.43 Increased By ▲ 0.07 (0.95%)
MLCF 40.45 Increased By ▲ 0.12 (0.3%)
NBP 61.50 Increased By ▲ 0.42 (0.69%)
OGDC 193.90 Decreased By ▼ -0.28 (-0.14%)
PAEL 27.10 Increased By ▲ 0.19 (0.71%)
PIBTL 7.36 Increased By ▲ 0.08 (1.1%)
PPL 153.81 Increased By ▲ 1.13 (0.74%)
PRL 26.50 Increased By ▲ 0.28 (1.07%)
PTC 16.40 Increased By ▲ 0.26 (1.61%)
SEARL 85.80 Increased By ▲ 0.10 (0.12%)
TELE 7.64 Decreased By ▼ -0.03 (-0.39%)
TOMCL 33.70 Decreased By ▼ -2.77 (-7.6%)
TPLP 8.75 Decreased By ▼ -0.04 (-0.46%)
TREET 16.71 Decreased By ▼ -0.13 (-0.77%)
TRG 62.69 Decreased By ▼ -0.05 (-0.08%)
UNITY 28.30 Increased By ▲ 0.10 (0.35%)
WTL 1.33 Decreased By ▼ -0.01 (-0.75%)
BR100 10,135 Increased By 49.4 (0.49%)
BR30 31,261 Increased By 90.6 (0.29%)
KSE100 95,229 Increased By 465.1 (0.49%)
KSE30 29,534 Increased By 124 (0.42%)

A case has been filed in Sindh High Court by Asghar A. Morawala, member, managing committee, Federation of Pakistan Chambers of Commerce and Industry (FPCCI), seeking declaration that Riaz Ahmed Tata is the lawful President of FPCCI.
Further, that the 22 defendants, against whom he has also filed arbitration application, have no lawful authority to hold any meeting of FPCCI managing committee, with any agenda whatsoever, except under the authority of Tata, who has been named as respondent No 23.
The applicant, who is a member of Businessmen Panel, has filed the case versus Sohail Altaf and others, including Tata, as respondents.
The application seeks declaration for respondent No 23 to continue to be the lawfully elected President of FPCCI.
The application also seeks declaration in the same case against respondent No. 1, Sohail Altaf, that he has no right or authority to state himself as 'President' or 'acting President' of FPCCI.
The case came up for hearing on January 13 after the formation of arbitration tribunal on January 13 by now respondent No 23 in the case filed in Sindh High Court seeking the same relief.

Copyright Business Recorder, 2004

Comments

Comments are closed.