KCCI not to support any kind of protest on July 7: Vohra

July 4, 2015 Off By Web Desk

KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Iftikhar Ahmed Vohra has said that KCCI has decided not to support any kind of protest to be staged on July 7, 2015 by some trade bodies against the anti-business measures announced in the Federal Budget 2015-16.

KCCI President added that these trade bodies were not true representatives of business and industrial community and have no legal status so KCCI, being the premier and largest chamber of the country, has decided not to support such elements.

In a statement issued, President KCCI said that Karachi Chamber in consultation with all legal Chambers of Commerce and trade associations will finalize its plan of action from July 10 to 15, 2015 against a number of anti-business steps taken in federal budget which have triggered resentment amongst the entire business and industrial community of Pakistan.

Iftikhar Vohra said that many trade associations and chambers across Pakistan have approached the Karachi Chamber to seek ways and means on how to exert pressure on the government so that the anti-business decisions and discretionary powers could immediately be withdrawn and relief could be ensured to the perturbed businessmen and industrialists who are already finding it almost impossible to stay afloat and continue their businesses in the present circumstances.

He was of the view that this year’s federal budget contained dozens of anti-business measures which need to rectified in consultation with the genuine representatives of business and industrial community with a view to create an enabling business environment as the steps taken in the budget will not only affect businesses but will also have a devastating impact on the overall economic performance of the country.

Iftikhar Vohra urged the government to immediately review these anti-business steps, withdraw discretionary powers, take business community on board and refrain from taking these steps which may leave no other option for the business and industrial community but to shut down their businesses and come out on streets to protest against the government.