The Federation of Pakistan Chambers of Commerce & Industry (Fpcci)

Topics: Economics, Trade, Pakistan Pages: 6 (1692 words) Published: May 5, 2011
The Federation of Pakistan
Chambers of Commerce & Industry (FPCCI)

After the achievement of independence in 1947, the Muslim Chamber of Commerce in Karachi was renamed as Pakistan Chamber of Commerce.  In 1959-60 this organization and the three other Chambers, including Buyers and Shippers Chambers and Pakistan Merchants Association (former Indian Merchants Association) in Karachi merged into one unified body, namely Chamber of Commerce and Industry, Karachi.  Similar reorganization of trade bodies took place in the other business centers of Pakistan-Lahore, Multan, Dacca, Narayanganj, Peshawar and Chittagong.  Some place which had hitherto no Chamber came to have one for the first time and that was on the new basis, e.g.e. Sylhet, Khulna, (now in Bangladesh) Hyderabad, Sukkur and some other places. The Chambers consisting of foreign investors were renamed as the Overseas Investors' Chamber of Commerce and Industry with head office in Karachi and the Argabad Chamber of Commerce & Industry with head in Chittagong in former East Pakistan (now Bangladesh).  The "Associated Chambers of Commerce of Pakistan", which was the Federation of the bodies of overseas investors ceased to exists and these two Chambers also joined the Federation of Pakistan Chambers of Commerce & Industry. The Federation of Pakistan Chambers of Commerce & Industry was originally formed in 1949 by Mr. G. Allana with headquarters in Karachi but its membership then was confined to a limited number of bodies.  With the reorganization of trade bodies in 1959-60 the Federation has been reorganized and broad-based by virtue of the resolutions at an All Pakistan Convention of Businessmen held in April, 1960 in Rawalpindi.  The convention was presided over by Mr. M. A. Rangoonwala, the then President of the Federation. Reorganization of trade bodies in 1959-60 is the most important landmark in the history of Commercial and Industrial Bodies in Pakistan.  The main idea underlying reorganization was to eliminate the multiplicity of trade bodies - some cities had as many as five Chambers of Commerce each and certain commodities/trades or industries were represented each by more than one Association and to make them fully representative of trade and industry so that they carried more weight with the Government and international organizations.  The government of Pakistan in the Ministry of Commerce launched the scheme for the reorganization of the trade and Industrial bodies in Pakistan, which was announced through a Government Resolution on 18th November, 1958.  

In Pakistan the relevant law is the "Trade Organization Ordinance, 1961 (XLV of 1961)" as amended by the Trade Organizations (Amendment) Ordinance, 1962 (XLII of 1962).  It has been further amended in 1976.  However, it is a small amendment only of form and not of substance.  This piece of legislation covers all main aspects such as licensing and registration, cancellation of licenses and registration, classification and recognition of trade organizations, their membership, etc. The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) is at the apex of al trade and industrial bodies in this country.  It enfolds all Chambers and all country-wide Associations representing specific trades and/or industries.  Indeed, it is compulsory for all Chambers and Associations of Commerce & Industry to become members of the Federation.  Town Associations and Groups who have to become members of local Chambers of Commerce & Industry are not required to join the Federation as members. SPECIFIC FEATURES

The organization of trade bodies in Pakistan has many specific features which suit the conditions of the country's private sector.  Only Chambers and Associations can be members of the Federation.  However, there is provision for individual firms and companies to become Life Members and Patron Members without voting rights.  The selection of Life and Patron Members is...
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