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  • Feb 20th, 2005
  • Comments Off on FPCCI polls issues may echo in Senate
The issues relating to the recently concluded elections in the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) are likely to echo in the senate shortly. Leader of the Opposition in the Senate Mian Raza Rabbani, acknowledging the receipt of the letter of Business Forum (BF) spokesman Captain Abdul Rasheed Abro, in which he has highlighted alleged irregularities in the elections, has assured that he will "take up the matter at an appropriate time in the Senate."

In a letter to all the Senators and members of the National Assembly on January 17, Abro brought to their notice that he had lodged a petition with the Director, Trade Organisations (DTO), alleging that nominations of the chambers of commerce and industry and 29 trade associations were fake and were not in accordance with the laws of the Ministry of Commerce, but were accepted in violation of the rules and regulations of Securities and Exchange Commission of Pakistan (SECP).

He also referred to the petitions, filed separately by FPCCI managing committee member Fazal Kadir Sherani and former President of Karachi Chamber of Commerce and Industry (KCCI) Shaukat Ahmed, before the DTO, enumerating details of the alleged wrong doings in the apex trade body.

He further said that a big vacuum had been created and the time had come for the Ministry of Commerce (MoC) to take notice of the activities.

"The Ministry of Commerce, as a custodian and regulator of the trade bodies, should have acted much before to rectify the wrong," he said.

He, however, appealed to the members to raise the issue on the floor of the National Assembly and Senate so that the government could take immediate corrective measures to save this institution and rebuild its reputation, integrity and dignity.

Copyright Business Recorder, 2005


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