ISLAMABAD: SAARC Chamber of Commerce and Industry (SCCI) on Sunday greeted all the newly elected office bearers of all chambers of commerce and industry, including the Lahore chamber, for a landslide victory in the annual elections by sweeping all the seats with a thumping majority.
In a statement, SCCI Vice President Iftikhar Ali Malik, who is also chairman of United Business Group (UBG), declared that the Founder Group under the umbrella of the UBG has already won the seats with a clear majority across the country.
He claimed that UBG candidates after a tough contest clinched all the seats for the posts of presidents, senior vice presidents, vice presidents, executive committees and members in the regional chamber elections throughout Pakistan.
“Our rivals could not find good candidates against our high profile candidates as a result major chunk of important seats were won unopposed by the UBG,” he said, adding the magnificent victory would put them in leading position in the forthcoming annual election of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI.
Malik further said that the top leadership of UBG always firmly believed in the rule of law, promotion and strengthening of democracy, and upholding the Constitution.
He said the group always focused on attaining economic prosperity of the country through advocating the cause of the traders.
“UBG will continue to follow it 30 points agenda mainly aimed at accelerating the pace of economic activities and expedite the process of rapid industrialization besides bringing green revolution in the country to improve the socioeconomic conditions of the poor, especially farmers and growers,” he added.
With such a big might of SCCI & FPCCI, should they be able to convince GOP to offload subsidy amounting say Rs one trillion by privatizing PSM, PIA, Railways, Wapda etc and routing that money to the promotion of industry, trade, tourism in the private sector. Just for reference, such a huge sum of money, which at present going waste could create equity for setting up say two oil refineries of the minimum size of Pak Arab Refinery as joint venture with equity participation by some gulf or KSA investors.