Recent developments have intensified concerns among business leaders in Pakistan regarding the proposed amendments to the Trade Organization Rules (TORs) 2013. Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), stated that the proposed legislation has sent 'shockwaves through the business community nationwide.' He warned that the amendments could eliminate district-level chambers, which play a crucial role in shaping local economies and supporting small and medium-sized enterprises (SMEs) and women-led businesses. Sheikh emphasized that confining trade bodies to municipal city limits would exclude vital sectors such as industrial estates and rural export-oriented businesses from effective representation, potentially devastating district economies.
BUSINESS
S. M. Tanveer Warns Against Changes To Trade Organization Rules
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Business leaders in Pakistan warn that proposed amendments to Trade Organization Rules could eliminate district chambers, harming local economies and SMEs, and urge lawmakers to reject the bill.
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