Daily Times
August 4, 2021
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Tuesday expressed unflinching and resolute support and solidarity with people of Indian Illegally Occupied Jammu and Kashmir (IIOJK) who were under an unprecedentedly horrific and inhuman sieged of 730 days.
President FPCCI, Mian Nasser Hyatt Maggo, in a statement issued here, has demanded the international community to do more and isolate India until and unless it ends the barbaric siege of Kashmiris.
He also called for effectively wiped out illegitimate relocations and resettlements in Occupied Jammu and Kashmir.
FPCCI would passionately commemorate Yaum-i-Istehsal to create awareness and make the voice of Kashmir heard loud and clear – domestically & internationally, the statement said adding that “Our message is immediate and total freedom from atrocities and from the siege of the innocent people of Illegally Occupied Jammu and Kashmir by the cowardly Indian forces.”
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FPCCI expresses concerns on SBP’s contractionary monetary policy stance
July 29, 2021
KARACHI: A key industry body on Wednesday said the central bank s move to keep interest rate unchanged at 7 percent disappointed businesses that believed lower rate would help boost economy in pandemic and lockdowns.
Mian Nasser Hyatt Maggo, president Federation of Pakistan Chambers of Commerce and Industry said the recently announced monetary policy is the continuation of the contractionary monetary policies adopted by the State Bank of Pakistan since over a year . Keeping the interest rate at 7 percent unchanged is not appropriate at this time when the government is taking strict measures of lockdown and limiting economic activities of all segments of the economy, Maggo said in a statement.
Pakistan, Uzbekistan agree to acquire leased lands for export cargoes
July 20, 2021
LAHORE: Pakistan and Uzbekistan are planning to acquire leased lands on each other s countries, a measure the government says will help boost exports to untapped markets.
Abdul Razzak Dawood, advisor to the Prime Minister on commerce and trade said Uzbekistan has asked for 25 acres of land on lease in Karachi or Gwadar to store and ship their cargoes for South East Asian and the Middle Eastern countries.
“They want to stock their goods coming from Uzbekistan for onward shipments to different destinations in the Middle East and East Asia, Dawood told businessmen at the Lahore Chamber of Commerce and Industry (LCCI).
‘Review budget anomalies’
July 14, 2021
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Karachi Chamber of Commerce and Industry (KCCI) and Pakistan Yarn Merchants Association (PYMA) have jointly condemned decisions of Senate Budget Anomalies Committee and asked for a new review.
The chambers and association decided to make joint efforts to eliminate budget anomalies in federal budget 2021-22, and condemned the self-imposed decisions of the Senate Budget Anomalies Committee, a statement said on Tuesday. In this regard, the FPCCI and KCCI attended a meeting at the PYMA office.
Expressing strong reservations, FPCCI President Nasser Hyatt Maggo said the decisions of the committee were not acceptable to the business community, who were not taken into confidence on the matter.