Islamabad Chamber Of Commerce And Industry, TDAP To Organize Spring Festival In Islamabad

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Islamabad Chamber of Commerce and Industry, TDAP to organize spring festival in Islamabad

Islamabad Chamber of Commerce and Industry (ICCI) and Trade Development of Pakistan (TDAP) would organize a spring festival in Islamabad to provide a better platform for promotion of business activities.

ISLAMABAD, (UrduPoint / Pakistan Point News - 16th Nov, 2018 ) :Islamabad Chamber of Commerce and Industry (ICCI) and Trade Development of Pakistan (TDAP) would organize a spring festival in Islamabad to provide a better platform for promotion of business activities.

Both the organization here on Friday have discussed the modalities for jointly organizing a the festival in Federal capital in order to promote the business and trade activities, a press release said.

For this purpose, TDAP Director Muhammad Irfan visited ICCI and held a meeting with its president Ahmed Hassan Moughal, Senior Vice President Rafat Farid and Vice President Iftikhar Anwar Sethi to hold the said festival with joint efforts.

Muhammad Irfan said the TDAP has been cooperating with private sector in promoting business activities and hoped that the spring festival in Islamabad would provide a good opportunity to local traders and industrialists to enhance business prospects.

He said the ICCI should send exclusive trade delegations to foreign countries for exploring new avenues of promoting Pakistan's trade and exports and assured that TDAP would provide support in sending such delegations.

Both sides also discussed to cooperate with each other in various trade promotion activities.

Both sides reaffirmed to develop strong coordination between public and private sectors in pursuits aimed at improving the country's economy.

Speaking on the occasion, ICCI president Ahmed Hassan Moughal said the chamber was already planning to organize a spring festival in Islamabad and hoped that the cooperation of TDAP would make it a successful venture.

He said the local industry will have to face stiff competition from Chinese counterparts in coming days and stressed that the government should cooperate in balancing, modernization and rehabilitation of industrial sector so that it could produce value added products and contribute more effectively in promoting exports.

Rafat Farid and Iftikhar Anwar Sethi said the local industry including steel sector has to pay overall 40 percent duty and taxes on the import of machinery and urged the government for reducing import duties to facilitate the up gradation of local industry.

They said sustainable economic policies were the key requirement to promote business activities. They also demanded that the government should formulate a National Business Policy to facilitate the better growth of business activities.