Islamabad -UNS:Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), welcomed the significant decisions made by the CDA Board. He stated that measures such as the reduction in trade conversion fees and the review of industrial plot rates are commendable steps. The decision to charge residential rates instead of industrial rates for farmhouses is also a step in the right direction.
He mentioned that FPCCI had brought this crucial issue to the attention of Special Assistant to the Prime Minister, Haroon Akhtar, during his visit to FPCCI. He expressed gratitude to Special Assistant Haroon Akhtar for not only listening to the business community’s voice but also for taking action. An agreement was reached to review and adjust the unrealistic rates imposed on industrial plots based on FPCCI’s proposals, which is a major success for the business community and something that trade and industrial stakeholders had been awaiting for a long time.
FPCCI President Atif Ikram said that the reduction in trade-related fees will primarily benefit small and medium-sized enterprises. Lower costs will make it easier for them to start new businesses or expand existing ones. When business expenses are reduced, it becomes more attractive for both local and foreign investors to invest in the country. This can foster a favorable environment for the growth of the national economy.
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