This was announced by Patron-in-Chief of Businessmen Group in KCCI and chamber's former president Siraj Kassam Teli during an interactive session with Deputy Chairman of Senate Saleem H.Mandviwala at Karachi chamber on Tuesday.
After collecting this money soon, KCCI leadership shall present this cheque to the Chief Justice of Pakistan here at his convenience, Teli re-assured. He also appealed to the business community to contribute more, if can, for this great national cause.
Senate's Deputy Chairman appreciated KCCI's goodwill gesture for building water reservoirs and urged other trade bodies and organizations in private sector to contribute generously to the Supreme Court of Pakistan's fund. The country was in dire need for construction of as many water reservoirs as we can to save the economy and to meet daily consumption of water by the population.
He also emphasized the chambers/associations in the country, especially Karachi chamber which is the largest chamber of the country, to initiate and invest in mega infrastructure projects. He praised Sialkot Chamber of Commerce and Industry for constructing Sialkot Airport with donation from its members.
Mandviwala, who also had been federal finance minister, advised the business community that through their chambers and trade associations they should make maximum and timely use of Senate and National Assembly standing committees for resolution of issues related to trade and industry. "The Senate and NA committees are very powerful.
You can raise your voice on any issue and against any Act. I think, majority of you do not know about this," he said adding that it was not practical that the business community did wait for a whole year to get their recommendations included and problems solved through annual budgets", he added.
He also agreed to KCCI's proposal that no legislation could be made through budgets of the country. He informed that the Senate was resisting such move with full force.
A group of Senators had filed a petition with Islamabad High Court to stop governments from any kind of legislation through budgets, which was only mandate of the Parliament. "We hope, the decision will come in the petitioners' favour," he remarked.
To a question from media, the Deputy Chairman Senate ruled out any correction in dollar-rupee exchange rate at this stage. He was of the view that earlier dollar was maintained at low profile artificially instead of leaving it free to move according to its market driven demand.
The caretaker government had no option but to let dollar settle as per market mechanism.
He also invited suggestions in writing from KCCI members to remove any anomaly or to bring improvement in the laws aimed at strengthening the country's economy.
KCCI Acting President Abdul Basit Haji Abdul Razzaq, former presidents Siraj Kassam Teli, Haroon Farooqui and A.Q.Khalil apprised Saleem H. Mandviwala of the issues confronting trade and industry.