FPCCI extends tenure of office-bearers for one year

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has passed a resolution to extend the tenure of current office-bearers for one year.

The decision to this effect was taken at a meeting of FPCCI’s executive committee and general body held simultaneously at its head office in Karachi and regional offices in Lahore, Peshawar and Quetta, which was chaired by FPCCI President Atif Ikram Sheikh, and attended by executive committee and general body members, besides leading businessmen and industrialists.

According to a statement issued on Sunday, the house passed the audited accounts of FPCCI for the year 2024 and unanimously appreciated the performance of FPCCI president for facilitating the business community at national and international level and resolving their issues.

During the recent past months, the FPCCI organised its delegations to UK, Bangladesh, Turkiye, Singapore, Belarus, Saudi Arabia, etc. and successfully held meetings at different multilateral forums like Confederation of Asia-Pacific Chambers of Commerce and Industry, Islamic Chamber of Commerce and Development, D-8 Chamber of Commerce and Industry, Commonwealth Trade and Investment Summit, etc. The FPCCI also organised Sustainable Tourism Forum with the collaboration of OIC for promoting tourism potentials and highlighting soft image of Pakistan and hosted 50-member delegation of ASEAN countries.

The house also lauded launch pad initiative of FPCCI that will support new startups and innovative ideas of universities.

The FPCCI president told the house about their meetings with Prime Minister Shehbaz Sharif as well as important organisations regarding the forthcoming budget with particular reference to taxation and tariff-related issues.

The house also commended the efforts of FPCCI president for the approval of Trade Organisation Amendment Bill, 2025 that will allow two years tenure of office-bearers of trade bodies with a view to continue their policies and achievement of goals and targets.

The house unanimously passed a resolution allowing the FPCCI office-bearers to extend and continue their tenure in the year 2026 in order to align the tenure of FPCCI with the tenure of other trade bodies.

The house believed that the alignment of FPCCI elections with other trade bodies will facilitate the smooth operations in policy advocacy, trade diplomacy and removal of trade bottlenecks. “This will also help in policies continuity and representation of business interest at national and international level,” the statement added.