Karachi: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed serious concern over proposed amendments to the Trade Organization Rules, arguing that the changes could significantly impact the business community across the nation.
According to Federation of Pakistan Chambers of Commerce and Industry, Sheikh highlighted the anxiety within the business community regarding the Trade Organization Rules 2013 Amendment Bill. He noted that the current business environment is already under strain due to various internal and external trade challenges. The proposed legislation, he warned, threatens to dismantle district-level chambers, which serve as crucial platforms for businesses to voice their concerns. This dismantling could undermine existing institutional frameworks and adversely affect district economies.
Sheikh stressed the importance of district chambers in fostering local economic development and supporting the broader economic progress of the country. He cautioned that restricting trade organizations might exclude export-oriented enterprises from gaining necessary representation. Such amendments, he said, could dishearten the business community, particularly impacting small and medium enterprises (SMEs) and women-led businesses.
Sheikh called on the parliament to reject the bill and allow district chambers to continue their essential functions. He warned that the proposed changes could have lasting negative effects on both the economy and the business community. Sheikh urged authorities to reconsider the legislation to ensure that district chambers can operate effectively for the benefit of all stakeholders involved.
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