KARACHI: Korangi Association of Trade and Industry (KATI), Patron-in-Chief S M Muneer, President Sheikh Umer Rehan, Senior Vice President Muhammad Ikram Rajput and Vice President Syed Wajid Hussain have condemned the proposal of relocation of Federation of Pakistan Chambers of Commerce and Industry (FPCCI).
S M Muneer termed the move to shift the head office from Karachi to Islamabad as tantamount to dispersing the Pakistani business and industrial community and ruining the national economy.
S M Muneer said that Karachi is the backbone of the national economy and the country's treasury. It is one of the most lucrative cities in the world.
Sheikh Umer Rehan said that Karachi is home to most of the trade bodies, SBP, stock exchanges and most of the banks involved in industry and trade and a port for foreign imports and exports. Despite all this, the proposal to relocate the FPCCI to Islamabad is incomprehensible.
Copyright Business Recorder, 2020
Comments
Comments are closed for this article.