Latest news with #FaisalabadChamberofCommerce&Industry
Business Recorder
6 days ago
- Business
- Business Recorder
‘Skilled workers can pave way for industrial revolution'
FAISALABAD: Focused approach is required to produce skilled manpower fully capable of meeting the current and future industrial challenges instead of producing a force of unfit and unemployed youth, said Rehan Naseem Bharara, President Faisalabad Chamber of Commerce & Industry (FCCI). Addressing a delegation of HEC and ICCI, he said that only skilled workers could pave the way for the industrial revolution and in this connection, we must make collaborative efforts with all concerned stakeholders including industrialists and scholars. He appreciated researchers and faculty members deputed in ORIC and said that industry-academia linkages are imperative to give a kick start to the industrial growth. He mentioned some leading industrial units which have made tremendous progress after adopting new and innovative technologies. He said that universities should also revisit their syllabus to synchronize it with the market driven needs. He appreciated the efforts of ICCI to arrange this tour of faculty members drawn from various universities and provide them an opportunity to directly interact with the leading industrial giants of Faisalabad. He appreciated the decision of HEC to declare internship compulsory for the young graduates but stressed the need for proper legislation at the Government level declaring internship as mandatory. He said that about 70% of the current syllabus is irrelevant for the industry and it should be revised in consultation with the stakeholders from the concerned industry. He said that once textile was the only iconic representation of Faisalabad but now it has diversified its industrial portfolio. 'It has state of the art diaper, Hyundai and tile units in addition to many more established with domestic and foreign investment,' he said and underlined the importance of developing indigenous technologies so that we could consolidate the economy after making our defence impregnable. Dr Habib Aslam Gaba Convener FCCI Standing Committee on Industry Academia Linkages termed leading businessmen as industrial PhD holders which they have gained through their life long struggle and practical experience. He said that the universities should also recognize their expertise in this field and plume them with honorary PhD degrees. Copyright Business Recorder, 2025
Business Recorder
19-05-2025
- Business
- Business Recorder
Minister visits FCCI: ‘Serious efforts are being made to resolve issues facing industries'
FAISALABAD: Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan, while visiting the Faisalabad Chamber of Commerce and Industry, said that the government attaches great importance to Faisalabad and serious efforts are being made to resolve the problems faced by the industries of this city. He said that after the success of Operation Bunyan-un-Marsoos, a new industrial policy will be announced very soon to include Pakistan among the world's 20 largest economies. Rehan Naseem Bharara, President Faisalabad Chamber of Commerce & Industry (FCCI) said that after the success of Operation Bunyan-un-Marsoos, it has become imperative that we also build the economy on a stable and sustainable basis. He paid tribute to the leadership of Prime Minister Shehbaz Sharif, Chairman Joint Chiefs of Staff Committee General Sahir Shamshad Mirza, Chief of Army Staff General Asim Munir, Chief of Naval Staff Admiral Naveed Ashraf, and Chief of the Pakistan Air Force Air Chief Marshal Zaheer Babar Sidhu for the brilliant victory in the fight for justice. He also mentioned the problems faced by the industrial sector and said that the government should create maximum ease of doing business. He also called for the establishment of a passport office in the Faisalabad Chamber for the convenience of members and demanded that the Pindi Bhattian Faisalabad Motorway be made 6-lane. He said that according to the 1934 Act, only petroleum goods come under the definition of DPL, so this provision should not be applied to imported chemicals. He stressed the need to create convenience for traders and reform the taxation system and said that one IT University should be established in Faisalabad as announced by Prime Minister Shehbaz Sharif. Copyright Business Recorder, 2025
Business Recorder
10-05-2025
- Business
- Business Recorder
All bodies from FCCI platform reject new tax laws
FAISALABAD: All business, trade and industrial organisations from the platform of Faisalabad Chamber of Commerce & Industry (FCCI) have rejected the new tax laws (amended) ordinance 2025 and announced that high government officials would be apprised of the concerns of the business community. Rehan Naseem Bharara, President FCCI reacted to this ordinance and said that 'dialogue is the only way to settle differences peacefully between government and business community.' However, he stressed the need for complete unity among the ranks and files of the business community to pressurize the government to withdraw this ordinance. He said that as the economy starts to take off, such disputed steps are taken to further aggravate the situation. He said that on one side the government was introducing digitalization and a faceless system to minimize the direct interaction between the taxpayers and tax collectors while on the other side this ordinance has been enforced to deploy the government officials at the business places. He said the business community was not taken into confidence about this ordinance and hence it may fail to give the desired results. He demanded that a committee comprising the government officials and business leaders may be constituted to review this ordinance. He said the business community was appreciative of the government policies which have stabilised the economy as policy rate and inflation has been brought down. 'Similarly, exports and foreign remittances have increased and in this improved situation, we were expecting four percent cut in the policy rate but only one percent decrease has been made.' Copyright Business Recorder, 2025
Business Recorder
09-05-2025
- Business
- Business Recorder
Minister, FCCI chief discuss reforms in FBR
ISLAMABAD: President of Faisalabad Chamber of Commerce & Industry (FCCI), Rehan Naseem Bharara, called on Federal Minister for Commerce, Jam Kamal Khan on Thursday to discuss key issues faced by the business community and explore avenues for trade facilitation. During the meeting, Bharara highlighted the need for comprehensive reforms in the Federal Board of Revenue (FBR), particularly concerning tariff structures that impact exporters. He proposed that export-oriented trade associations should be given permanent representation on policy-making boards, ensuring that voices from the ground are included in national trade strategies. Federal Minister Jam Kamal Khan assured the FCCI president of the government's commitment to addressing the concerns of the business community. He acknowledged the need for practical reforms to foster a more business-friendly environment and support regional connectivity. The meeting underscored the importance of public-private collaboration in shaping effective trade policy and enhancing Pakistan's export competitiveness. Copyright Business Recorder, 2025
