Karachi: President of Pakistan Business Forum (Sindh Region) and Convener of the Energy Standing Committee of FPCCI, Malik Khuda Bakhsh, has raised concerns about a bill presented in the National Assembly that proposes amendments to the Trade Organization Rules 2013. He warned that the proposed changes could lead to the closure of multiple representative organizations across Pakistan.
According to Federation of Pakistan Chambers of Commerce and Industry, Malik Khuda Bakhsh echoed the sentiments of SM Tanveer, Patron-in-Chief of the United Business Group, highlighting the widespread apprehension within the business community. The proposed amendments, perceived to benefit specific parties, have elicited fears of diminishing representation for trade bodies, crucial for industrialists, exporters, and small business owners.
Bakhsh emphasized the current challenges confronting the business environment, including trade pressures, high production costs, and policy uncertainty. He argued that restricting trade organizations to municipal city limits could deprive industrial estates and rural export units of effective representation, potentially weakening business confidence.
Concerns were also raised about the potential dismantling of district chambers, which could impact local business activities and employment opportunities. Bakhsh warned that the amendments could discourage trade bodies representing women and SMEs and called for the rejection of the bill in Parliament to maintain the operational status of district chambers.
He underscored the importance of district chambers in developing business clusters aligned with global economic models, cautioning that limiting their scope could hinder regional economic activities in Pakistan.
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