FPCCI calls for forging geo-economic alliance

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) president Mian Nasser Hyatt Maggo has urged the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI) members to forge a formidable geo-economic alliance between Asia-Pacific and South Asia to capitalise on the emerging and untapped multilateral trade potential, a statement said.

The FPCCI chief participated in the 93rd and 94th combined meeting of CACCI from the Pakistani side, it added.

The meeting was attended by high-level trade and industry representatives from 27 countries.

Samir Modi, president of CACCI, apprised the panelists that due to inactivity and stagnation arising out of the Covid-19, the tenure of the office-bearers is being extended to 2021/22. He also discussed and took approval of the plan of action for the upcoming year.

Amjad Rafi, convener of the International Forums of the FPCCI, took an update in the meeting on the activities to be undertaken in the upcoming year; and, expressed desire to play an effective role from the FPCCI platform.

Sultan Rehman, coordinator of the FPCCI Head Office, said that Pakistan is all geared-up to play a proactive role in multilateral trade politics and advocacy to support the government’s vision to promote Pakistan’s exports.

Prior to the council meeting, he also participated in the CACCI Budget Commission’s meeting from the Pakistani side.

Muhammad Ali, a former vice president of the FPCCI, represented Pakistan in the Young Entrepreneurs Group of Asia-Pacific (YEGAP) session during the meeting and put forward his recommendations to promote young entrepreneurs of Pakistan and the region through the platform of CACCI.

CACCI is planning to expand its membership to other regional and geographically contiguous countries; specifically, aiming at taking Singapore and Malaysia into its fold.

The FPCCI will continue to support CACCI in its efforts to promote multilateralism in trade and economic cooperation; and, proactively integrate Pakistani business, industry and trade community into the international fora of significance and consequence.