The annual elections of the Federation of Pakistan Chambers of Commerce and Industry will be held on 30 December 2016, President PFCCI Abdul Rauf Alam announced on Sunday. A Judge of the High Court will supervise the conduct of the election to ensure transparency. This was decided in the meeting of the Executive Committee of FPCCI.
Addressing the meeting Abdul Rauf Alam said that a CPEC information and facilitation centre is being set up in the FPCCI Capital House for which negotiations with the Chinese Ambassador in Pakistan are at a final stage. He said CPEC is Pakistan's biggest project in which participation of the Pakistani companies is very necessary. The Information and Facilitation centre will provide complete information to the Pakistani and Chinese investors to set up new projects in Pakistan.
Abdul Rauf Alam said that had the real estate laws been implemented in the country, then there would have been 70 percent flight of the capital invested in the real estate sector. Keeping this in view the FPCCI made contacts with Finance Minister Ishaq Dar; the Prime Minister's Advisor for Revenue Haroon Akhtar and Chairman FBR and informed them about reservations of the business community. The real estate laws have now been made easy.
The FPCCI President regretted that the annual trade of Halal Food has crossed $2.8 trillion in the international market but there is nominal share of Pakistan and other Muslim countries.
Pakistan's share in the international Halal Food market is ruefully only half percent. He said that during his visit to Bahrain, the local businessmen showed interest to heavily invest in Halal Food sector but they had linked their investment with collaboration of Australia since in Pakistan there is shortage of latest facilities and equipment.