English Press Release 30.12.2022

FAISALABAD.   Faisalabad Chamber of Commerce & Industry (FCCI) will recommend immediate steps to check the increasing parity between rupee and dollar and uninterrupted smuggling of dollars from Pakistan to Afghanistan through “Hawala-Hundi”, said Dr. Khurram Tariq President FCCI.

Addressing the executive committee members, he said that non clearance of import consignments due to the acute shortage of dollars has badly affected the industrial sector. He said that importers have to bear detention demurrage charges which has created a serious situation for them. He said that industrial units are working with installed capacity of 60-70% which is expected to further reduce to 40% during next month. He said that industrialists have arranged the salaries of their workers for the current month but they are not sure about the next month. He was critical of the FBR notices regarding deemed income and said that capital value tax would be in addition to it which would shatter the financial strategy. He urged upon the government to withdraw the detention demurrage charges due to the non-availability of the dollars. Similarly, the import consignments should also be cleared on priority basis to avoid shortage of raw material in addition to its price spiral in the domestic market. He said that currently nobody is ready to hear about their demands; however, he would continue to raise voice for the solution of problems being confronted by the business community.

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FAISALABAD. Saving electricity alone is not a solution to drag Pakistan out of economic crisis and unnecessary privileges and perks and luxurious spending by all departments must be checked with an iron hand, said Haji Muhammad Aslam Bhalli, Vice President   Faisalabad Chamber of Commerce & Industry (FCCI).

He was addressing a consultative meeting of the business community in PM Secretariat to discuss and evolve consensus on energy saving measures to be adopted by the government of Pakistan. The government was represented in this meeting by Federal Ministers Khawaja Muhammad Asif, Khurrum Dastagir, Mariyam Aurangzeb, Sardar Ayaz Sadiq, Musadik Malik and Molana Asad Mahmood in addition to secretaries and officials of the different ministries. Khawaja Asif said that the government intended to close down the commercial activities by 8:00 P.M to save energy but before implementing the decision, we want to take them on board. He said that the business community should also take this issue as a national level issue deemed necessary to overcome the energy shortage. Haji Muhammad Aslam Bhalli said that the government has failed to control the smuggling which is depriving the government of much needed revenue. On the contrary, the business community is the easy prey and hence it was targeting them. He mentioned the prevailing business situation in the country and said that almost all trades are facing slow down and hence such harsh steps should be avoided. He said that the government should further curtail its unproductive expenditures. He mentioned big residences for the bureaucracy adding that public money is being spent on its repair and maintenance. He further said that there was no justification of free electricity and gas for the employees who are getting full salaries. He also condemned victimization by the previous government and said that the cases against the business community have not yet been withdrawn. He opposed the point of sale and said that this tool was also abused to victimize the political opponents and hence it should be withdrawn immediately. He stressed the need for reforms in FBR in consultation with the business community. He said that the business community may accept closure of shops at 9:00 PM instead of 8:00 PM and restaurants at 11:00PM instead of 10:00 PM. The meeting was also participated by Mr. Ajmal Baloch President and Naeem Mir General Secretary All Pakistan Anjumn-e-Tajran in addition to the representatives from Baluchistan, Sindh, KPK and other provinces. 

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