AIRLINK 189.36 Increased By ▲ 1.33 (0.71%)
BOP 11.10 Decreased By ▼ -0.76 (-6.41%)
CNERGY 7.28 Decreased By ▼ -0.26 (-3.45%)
FCCL 36.65 Decreased By ▼ -1.14 (-3.02%)
FFL 14.95 Decreased By ▼ -0.29 (-1.9%)
FLYNG 26.19 Increased By ▲ 0.66 (2.59%)
HUBC 130.89 Increased By ▲ 0.74 (0.57%)
HUMNL 13.47 Decreased By ▼ -0.14 (-1.03%)
KEL 4.28 Decreased By ▼ -0.07 (-1.61%)
KOSM 6.08 Decreased By ▼ -0.09 (-1.46%)
MLCF 45.94 Increased By ▲ 0.26 (0.57%)
OGDC 201.86 Decreased By ▼ -4.57 (-2.21%)
PACE 6.12 Decreased By ▼ -0.26 (-4.08%)
PAEL 38.36 Decreased By ▼ -1.95 (-4.84%)
PIAHCLA 16.73 Decreased By ▼ -0.22 (-1.3%)
PIBTL 7.94 Decreased By ▼ -0.09 (-1.12%)
POWER 9.86 Decreased By ▼ -0.17 (-1.69%)
PPL 173.46 Decreased By ▼ -5.38 (-3.01%)
PRL 34.73 Decreased By ▼ -1.63 (-4.48%)
PTC 23.95 Decreased By ▼ -0.44 (-1.8%)
SEARL 101.74 Decreased By ▼ -1.42 (-1.38%)
SILK 1.07 No Change ▼ 0.00 (0%)
SSGC 32.70 Decreased By ▼ -3.54 (-9.77%)
SYM 17.93 Decreased By ▼ -0.30 (-1.65%)
TELE 8.14 Decreased By ▼ -0.24 (-2.86%)
TPLP 12.02 Decreased By ▼ -0.14 (-1.15%)
TRG 67.40 Increased By ▲ 0.07 (0.1%)
WAVESAPP 11.80 Decreased By ▼ -0.21 (-1.75%)
WTL 1.52 Decreased By ▼ -0.05 (-3.18%)
YOUW 3.90 Increased By ▲ 0.01 (0.26%)
BR100 11,819 Decreased By -87.9 (-0.74%)
BR30 35,000 Decreased By -554.1 (-1.56%)
KSE100 112,085 Decreased By -478.8 (-0.43%)
KSE30 34,946 Decreased By -148 (-0.42%)

Coming Elections of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) will be a tough competition between Businessmen Panel (BMP) and United Business Group (UBG). It was observed that the business community faces severe challenges in terms of cost of doing business and new doctrine of the FBR which is yet to be concluded and instability are on the glance among the traders and industrialists.
Chairman BMP, Mian Anjum Nisar said business community is faced with lack of trust from the government departments and it is imperative that lack of trust may be overcome between the stakeholders, it was seen in the last month when hard time came on the business community the sitting management of the FPCCI have played a role of silent spectator which is unjustified towards their members.
Business community believes that FPCCI is mother of the Pakistan Business Community and they should lead from the front but they didn't due to lack of vision and courage which is a dangerous indicator for the private sector of this country, he said.
Anjum Nisar said, "We believed that the incumbent government will overcome the mistrust between the stakeholders and we are continuously in-touch with the government officials for mediation as a responsible opposition group in the apex trade body of the country because we understand the business community cannot flourish in these difficult times without the support and guidance of the Prime Minister Imran Khan."
When questioned on the coming Federation elections, he said yes there is no doubt that tough contest will be anticipated in the month of December because now mostly chambers of commerce and trade associations have already come out from "Dhara Bazi" because they feel that they don't get due support and resolution of their problems from the United Business Group and FPCCI and this time they want to cast their vote independently. "The novel example in this regard is that when business community were on roads last month we didn't see even a single statement in favour of them from the Federation or UBG."
He further said Prime Minister Imran Khan wants to uplift the economy and tax base of the country and we appreciate his ideology in this regard and provide due support in the interest of the business community.

Copyright Business Recorder, 2019

Comments

Comments are closed.