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Business Recorder
26-05-2025
- Business
- Business Recorder
FPCCI extends tenure of officebearers by a year
KARACHI: Executive Committee and general body of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) have passed unanimous resolution to extend the tenure of current office bearers by one year. FPCCI held its Executive Committee and Extra Ordinary General Body Meeting l simultaneously at Capital Office (Chair), Head Office Karachi and Regional Office Lahore, Peshawar and Quetta. The meeting was chaired by Atif Ikram Sheikh, President FPCCI & ECO-CCI and Vice President CACCI and attended by Executive Committee and General Body Members of FPCCI and other leading businessmen and industrialist. Tax ordinance will be reviewed, SAPM tells FPCCI The house passed the audited accounts of FPCCI for the year 2024 and unanimously appreciated the performance President FPCCI and national and international level for facilitating the business community and resolving their issues. During the recent past months, the FPCCI organized its delegation to UK, Bangladesh, Turkiye, Singapore, Belarus, Saudi Arabia etc and successfully held meetings at different multilateral forums like CACCI, Islamic Chamber of Commerce and Development, D-8 Chamber of Commerce and Industry, Commonwealth Trade and Investment Summit etc. FPCCI first time in history organized Sustainable Tourism Forum with the collaboration of OIC for promoting tourism potentials and highlighting soft image of Pakistan and hosted 50 members delegation of ASEAN countries. The house also lauded launch pad initiative of FPCCI that will support new start ups and innovative ideas of universities. The President FPCCI also apprised the house about their meetings with Prime Minister of Pakistan and other important organizations regarding forthcoming budget including taxation and tariff related issues. During the meeting, the house expressed their full confidence on President FPCCI and affirmed their commitment to providing their full support and cooperation in enhancing performance of FPCCI. The house also commended the efforts of President FPCCI for the approval of Trade Organization Amendment Bill, 2025 that will allow two years tenure of Office Bearers of Trade Bodies with a view to continue their policies and achievement of goals and targets. The house also unanimously passed the resolution in the Executive Committee and Extra Ordinary General Body Meeting of FPCCI that allow the Office Bearers of FPCCI to extend and continue their tenure/ services in the year 2026 in order to align the tenure of FPCCI with the tenure of other trade bodies. The house believed that the alignment of FPCCI elections with trade bodies will facilitate the smooth operations in policy advocacy, trade diplomacy and removal of trade bottleneck. This will also help in policies continuity and representation of business interest at national and international level. The resolution was presented by FPCCI Vice President Qurat-ul-Ain, who explained that if the FPCCI elections are not extended by one year, the election timelines of chambers across the country and the federation will fall out of sync, creating persistent problems in every election cycle. She further pointed out that an anomaly still exists in the National Assembly: while the terms for chambers and trade organizations have been set at two years, there has been silence regarding the federation's term. Regulation emphasized that if the National Assembly and the Cabinet approve the one-year extension for FPCCI elections, the matter will be permanently aligned. The meeting was attended by members from across the federation and all four provinces, including UBG's Patron-in-Chief S.M. Tanveer. The gathering also strongly appreciated the recent successes of the Pakistan Armed Forces against India and praised the political leadership. Copyright Business Recorder, 2025
Zawya
15-04-2025
- Business
- Zawya
Nigeria Strengthens Trade and Investment Ties with the United Kingdom (UK) During the Commonwealth Trade and Investment Summit
Nigeria's Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, successfully concluded a series of high-level engagements in London, reinforcing Nigeria's commitment to fostering trade and investment partnerships with the UK. The visit, anchored around the Commonwealth Trade and Investment Summit held on 7-8 April, provided a vital platform to showcase Nigeria's strategic economic priorities and attract investment into key sectors. During her visit, Dr. Oduwole participated in two exclusive events hosted by Invest Africa, engaging with top-tier stakeholders, business leaders, and investors. These engagements underscored Nigeria's dedication to economic diversification, investment mobilisation, and strengthening the London-Lagos investment corridor. On 8 April, the Minister delivered a keynote address at an Invest Africa-hosted roundtable, where she outlined Nigeria's investment potential and strategic trade policies. The discussion focused on boosting non-oil sectors, promoting ease of doing business, and enhancing UK-Nigeria commercial ties. Senior executives from the UK business and investor community engaged directly with the Minister, fostering dialogue on new investment opportunities and partnerships that will contribute to Nigeria's long-term development goals. Dr. Jumoke Oduwole, Minister of Industry, Trade, and Investment, stated: 'Nigeria is open for business, and we are committed to creating an environment that fosters investment, innovation, and economic growth. Our engagements in London demonstrate our dedication to strengthening trade ties, supporting local and foreign investors, and ensuring that Nigeria remains a prime investment destination. The opportunities in Nigeria, particularly in non-oil sectors, are immense, and we invite investors to be part of this journey towards sustainable development.' Additionally, the Minister participated in an exclusive event co-hosted by Invest Africa in partnership with Lagos Free Zone (LFZ). This strategic engagement positioned LFZ as a premier investment hub within Nigeria's manufacturing sector, showcasing its potential to attract global investors and support the country's industrialisation agenda. The event featured a presentation by Lagos Free Zone MD&CEO, Adesuwa Ladoja, and a dynamic panel discussion exploring Nigeria's industrial landscape and how LFZ can support UK businesses keen on exploring pathways for sustainable growth in Nigeria. Karen Taylor, Chair of Invest Africa, commented: 'Invest Africa is proud to facilitate meaningful engagement between Nigerian leaders and the UK business community. The Minister's participation in our events underscores Nigeria's strategic importance as a trade and investment partner. We look forward to continuing to support initiatives that drive economic collaboration and unlock new business opportunities.' Adesuwa Ladoja, MD&CEO of Lagos Free Zone, remarked: 'The Lagos Free Zone represents a game-changer for Nigeria's manufacturing and industrial sectors, offering world-class infrastructure and seamless business operations. This event provided a crucial platform to showcase how strategic investments in LFZ can unlock deeper penetration into the Nigerian market for UK businesses and drive Nigeria's industrialisation. We are excited about the opportunities that lie ahead and look forward to welcoming global investors.' Dr. Oduwole's engagements in London aligned with Nigeria's four key strategic pillars: investment mobilisation, trade revenue growth, economic diversification, and strategic communications. Through these discussions, the Minister reinforced Nigeria's proactive approach to fostering international trade relations, unlocking new business opportunities, and strengthening economic ties between Nigeria and the UK. As Nigeria continues its journey toward sustainable economic transformation, the Ministry of Industry, Trade, and Investment remains committed to advancing strategic partnerships and positioning Nigeria as a top-tier investment destination on the global stage. Distributed by APO Group on behalf of Invest Africa. About Invest Africa: Invest Africa is a leading business and investment platform with over sixty years of expertise in Africa, dedicated to connecting businesses with unique opportunities across the continent. Their global network comprises more than 400 member companies, including multinationals, private equity firms, institutional investors, development finance institutions, professional service providers, government bodies, and entrepreneurs. With chapters in Kenya, South Africa, the UAE, the UK, and the US, Invest Africa leverages their global reach, market intelligence, and extensive network to support and connect businesses. As a trusted gateway into Africa, they drive socio-economic growth by facilitating sustainable capital flows and providing strategic insights through our membership, consultancy services, and dynamic events programme.
