English Press Release 15.05.2018

FAISALABAD. Faisalabad Chamber of Commerce & Industry (FCCI) is actively considering a proposal to setup an incubation center for business starters of this region, said Mr. Shabbir Hussain Chawla President FCCI. He was giving briefing to a delegation of Sahiwal Chamber of Commerce & Industry (SCCI) that visited FCCI here today.

He said that Faisalabad is swarming with robust Small & Medium Enterprises (SME) sector which is the main strength of this dynamic industrial and business hub of the country. He said that young and vibrant entrepreneurs with innovative ideas are imperative to give a quantum jump to the economic growth of Pakistan and in this connection FCCI is extending best possible facility to the new business starters.

Regarding FCCI, he said that it is the third largest city which is second in revenue generation. He said that although textile is the mainstay of the national economy yet many other sectors including soap, edible oil, chemicals and agriculture are also contributing their due role in the overall growth of the economy. He told that Faisalabad has a unique privilege to contribute 60% share in the total textile export of Pakistan. “It is also fulfilling 80% domestic demand of clothing”, he said and added that it has more than 85% composite units with vibrant SME sectors. He told that M3 Industrial Estate sprawling over 4500 Acers of land has been sold out whereas further demand of 6000 Acers was pending. He told that government has now decided to acquire 3500 Acers of land for the second phase of this Industrial Estate. He also mentioned recent development in which Asia’s biggest Tin Pack Coca Cola Plant has been established in it while a Hyundai assembly plant was also under completion.

Mr. Chawla told that Faisalabad has made a phenomenal development during last 40 to 50 years and according to recent economic survey of Pakistan, it will become fastest growing city of Pakistan during next 5 years. About FCCI, he told that it has 6000 members within its fold including 1800 from corporate sector. “FCCI has established more than one hundred Standing Committees to deal with different sectors and trades”, he said and added that these committees have been mandated to identify their sector specific problems in addition to suggesting viable proposals to solve their core issues. He told that the Executive Committee of FCCI meets every month to discuss its overall performance and take important decisions. “FCCI secretariat is authorized to issue Certificate of Origins (CO) in addition to Visa Recommendations letter to its members”, he added. Similarly R&D Cell also analyze the economic policies and give its recommendations to protect the basic and legitimate interests of the Business Community at the policy making level. He also mentioned a successful “Made in Faisalabad Expo” organized recently at Lahore for the promotion of local brands and assured that he will also extend invitation to the office bearers of the SCCI so that they could also attend FCCI meetings with national and foreign dignitaries.

Mr. Rizwan Shehzad president SCCI thanked Mr. Shabbir Hussain Chawla for inviting them to visit FCCI. He told that SCCI was created just 14 years ago and it intends to improve its operational capabilities by exploiting the experience of other successful chambers like FCCI. He also expressed his willingness to sign Memorandum of Understanding (MoU) with R&D Cell of FCCI for the training and capacity building of their concerned staff. He also invited the office bearers of FCCI to visit SCCI so that close liaison and working relationship could be developing between the two chambers.

Engineer Suhail Bin Rasheed Former President FCCI and Chairman Standing Committee on International Trade Delegation told that FCCI was regularly sending trade delegations to various traditional and nontraditional markets in order to increase direct exports from Faisalabad to these countries. He told that 25-members FCCI Trade Delegation has recently visited United Kingdom while another delegation is scheduled to visit Australia immediately after the holy month of Ramzan. Similarly FCCI was also planning to send trade delegations to Kenya, Europe and other African countries to explore the potentialities of these emerging markets. He told that businessmen are being given representation in different boards of directors of public sector entities on the recommendations president FCCI in order to protect the legitimate interests of the business community. Miss Fareeha Shahid research associate gave a brief presentation about the overall performance of R&D cell followed by a question-answer session, in which Mr. Rashid Hamid, Muhammad Waqas and Muhammad Ali made interesting queries.

Later, Member Executive Committee Muhammad Yaqoob Awan presented FCCI shield to President SCCI Muhammad Zeeshan Shehzad while Vice President Usman Rauf also presented a set of books published by R&D department of the FCCI.

 Caption: Pic No (RAJ_4659.JPG)

FAISALABAD. A group photo of Mr. Shabbir Hussain Chawla president and Mr. Usman Rauf vice president Faisalabad Chamber of Commerce & Industry (FCCI) with visiting delegation of the Sahiwal Chamber of Commerce & Industry.

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