20:22
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KARACHI: The government may start scrutiny of chambers and associations for eliminating bogus and fake trade bodies and to bring such a business leadership that can contribute towards the national economic growth, said sources in the ministry of commerce.
They said that such initiatives would be taken as soon as the Senate validates the approval of the Parliament in approving the Trade Organization Ordinance, 2007.
It was felt that the trade bodies are not playing their due role in the economic growth of the country and some elements are occupying positions in chambers and associations for a long time for their vested interests, said sources.
Last month, the National Assembly passed the Trade Organization Bill- 2007 and Validation Bill, 2012 for licensing and registration of trade organisations, besides catering to the needs of the services sector, small businesses and cottage industry.
Sources in trade bodies said that the Parliament adopted the bill without making any amendment, which was promulgated through an ordinance in 2007. The ordinance made mandatory for chambers and associations to get registered with the government authorities.
The ordinance was promulgated to eliminate bogus and fake chambers and associations, which facilitate in electing new leadership in the Federation of Pakistan Chambers of Commerce
and Industry (FPCCI). The sources in trade and industry said that as time passed such bogus chambers and associations not only obtained licences under the new law but also maintained the required number of membership mandatory for a trade body.
The role of the business community in the economic growth remained questionable during the last several years as no concrete recommendations were sent to the government for implementation. Instead, the trade bodies were seen indulged in seeking only incentives for personal gains.
Recently, an official of the Pakistan High Commission in India urged the FPCCI to focus on sectoral analysis for finding out the possible solution. The official informed the FPCCI members that its counterpart Federation of Indian Chambers of Commerce and Industry (FICCI) developed strong research houses and was sending recommendations to the government.
Sources in the ministry of commerce said that the reasons for scrutiny were also to end up the lobbies working for some individual businessmen.
A former member of the Inland Revenue of the Federal Board of Revenue (FBR) has pointed out at an International Monetary Fund (IMF) meeting in Washington that strong lobbies in trade and industry are obstructing the tax reform programmes.
“There are a number of formal and informal lobbies in Pakistan, which influence policy formulation, including tax reforms,” said former FBR member, adding that the business lobby is the strongest among all.
They said that such initiatives would be taken as soon as the Senate validates the approval of the Parliament in approving the Trade Organization Ordinance, 2007.
It was felt that the trade bodies are not playing their due role in the economic growth of the country and some elements are occupying positions in chambers and associations for a long time for their vested interests, said sources.
Last month, the National Assembly passed the Trade Organization Bill- 2007 and Validation Bill, 2012 for licensing and registration of trade organisations, besides catering to the needs of the services sector, small businesses and cottage industry.
Sources in trade bodies said that the Parliament adopted the bill without making any amendment, which was promulgated through an ordinance in 2007. The ordinance made mandatory for chambers and associations to get registered with the government authorities.
The ordinance was promulgated to eliminate bogus and fake chambers and associations, which facilitate in electing new leadership in the Federation of Pakistan Chambers of Commerce
and Industry (FPCCI). The sources in trade and industry said that as time passed such bogus chambers and associations not only obtained licences under the new law but also maintained the required number of membership mandatory for a trade body.
The role of the business community in the economic growth remained questionable during the last several years as no concrete recommendations were sent to the government for implementation. Instead, the trade bodies were seen indulged in seeking only incentives for personal gains.
Recently, an official of the Pakistan High Commission in India urged the FPCCI to focus on sectoral analysis for finding out the possible solution. The official informed the FPCCI members that its counterpart Federation of Indian Chambers of Commerce and Industry (FICCI) developed strong research houses and was sending recommendations to the government.
Sources in the ministry of commerce said that the reasons for scrutiny were also to end up the lobbies working for some individual businessmen.
A former member of the Inland Revenue of the Federal Board of Revenue (FBR) has pointed out at an International Monetary Fund (IMF) meeting in Washington that strong lobbies in trade and industry are obstructing the tax reform programmes.
“There are a number of formal and informal lobbies in Pakistan, which influence policy formulation, including tax reforms,” said former FBR member, adding that the business lobby is the strongest among all.
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