Federation Of Pakistan Chamber Of Commerce And Industry Asked To Play Effective Role In Policy-making

Islamabad Chamber of Small Traders (ICST) here on Tuesday asked the government to restructure Federation of Pakistan Chamber of Commerce and Industry (FPCCI) and introduce meaningful reforms in the organization so that it can play an effective role in a policy-making.

ISLAMABAD, (UrduPoint / Pakistan Point News - 13th Nov, 2018 ) :Islamabad Chamber of Small Traders (ICST) here on Tuesday asked the government to restructure Federation of Pakistan Chamber of Commerce and Industry (FPCCI) and introduce meaningful reforms in the organization so that it can play an effective role in a policy-making. FPCCI should be modernized through its regulator which is vital for the country at this time, said a press release issued by ICST.

The FPCCI being an apex trade body of the country, should be forwarding recommendations to the government on every sector of the economy but it has been acting like a district chamber of commerce since long, said senior leader of ICST, Dr. Shahid Rasheed Butt. He said that the FPCCI has regrettably distanced itself from the national duty of projecting Pakistan's potential at international trade, investment, and economic events. "All over the world, the responsibility of economic diplomacy and development has largely been shifted from governments to private sector institutions," he added.

Butt, he said that the apex trade bodies are used promote economic diplomacy and it has become a global trend to utilize the strength and capacity of such private sector representative bodies.

The country's chamber participates in foreign policy through its significant intellectual contribution, which has published more than 100 reports and surveys during 2015 and 2016. Every year FPCCI forms around 150 standing Committee's and a number of business councils, but we don't see any input from these bodies, he expressed.

Dr. Shahid Rasheed Butt said during the last four years, the private sector hasn't found an effective role of FPCCI Committees and by the year end, they stand dissolved without any outcome. He said Pakistan is facing economic issues and now at this time, the FPCCI needs to play a bigger role as an apex trade body of the country so that our economic diplomacy may starts from the private sector. He also urged from the Directorate General of Trade Organizations (DGTO) to monitor the election process of the FPCCI,as the election will be due on 28th December.