KCCI, RCCI agree to work together for enhancing regional trade

KCCI, RCCI agree to work together for enhancing regional trade

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) and Rawalpindi Chamber of Commerce and Industry (RCCI) have expressed their willingness to work together for enhancing regional trade by holding joint exhibitions in neighbouring countries and collectively enhancing interaction with regional counterparts.  
The willingness was shown at a meeting during the visit of Dr. Shimail Daud Arain, President RCCI who visited KCCI to seek KCCI’s inputs on how to enhance regional trade. Chairman of Businessmen Group & Former President KCCI, Siraj Kassam Teli; Vice Chairman BMG, Haroon Farooki, President KCCI, Abdullah Zaki, Senior Vice President KCCI, Muffasar A. Malik, Vice President KCCI, Muhammad Idrees, Former Presidents KCCI, Haroon Agar and AQ Khalil, Chairman of International Affairs Sub-Committee KCCI, Junaid Esmail Makda and other Managing Committee members attended the meeting.
Dr. Shimail Arain, who was accompanied by Rauf Chaudhry Former President RCCI at the meeting, appreciated KCCI’s participation in 6th All Pakistan Chambers’ Conference organized by Rawalpindi Chamber in December last year and KCCI’s initiative to stage 1st All Pakistan Chambers’ Pre-Budget Conference in February 2014. He said that such events pave way for strengthening good relations between regional chambers and help in bringing them closer, which would surely go in favour of the economy.
President RCCI said that many organizations have approached RCCI to seek budget proposals but they have been informed that RCCI’s budget proposals have been forwarded to KCCI so that these proposals could be incorporated in joint budget proposals being compiled by KCCI. All other regional chambers including Faisalabad Chamber and Islamabad Chamber have also agreed to submit their budget proposals to KCCI, which will then be sent in shape of a single comprehensive document to the concerned authority.
A follow up discussion on Pre-Budget proposals is likely to be organized by Faisalabad Chamber soon whereas a Post-Budget Conference will be hosted by the Islamabad Chamber after seven days of the formal announcement of Federal Budget 2014-15. The purpose behind working jointly with all chambers is to raise a strong voice under one platform for the entire business community of Pakistan in order to convince the policymakers to pay attention to the problems being faced by the business community.
Speaking on the occasion, Chairman of Businessmen Group and Former President KCCI, Siraj Kassam Teli, while welcoming President RCCI to Karachi Chamber, said that it is really very heartening to note that interaction between regional chambers has improved significantly nowadays which is a good omen as it will ensure progress and prosperity for the country.
Referring to regional trade in European, American and Gulf States, Siraj Teli said that regional trade is of utmost importance but unfortunately regional trade amongst SAARC countries remains thin. Regional trade is improving everywhere around the world but unfortunately it remains limited to 6 percent only amongst SAARC countries. 

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