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Trade and Industry is worst affected by current surge in lawlessness

Islamabad, August 12, 2013 (PPI-OT): Mr.Zubair Ahmed Malik, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Mr. Tariq Sayeed, Vice President CACCI, founder and former President SAARC CCI and former President FPCCI, Mr. S.M. Muneer, President, India-Pakistan CCI and former President FPCCI, Mr. Iftikhar Ali Malik, Vice President, SAARC CCI and former President FPCCI, Mr.Gulzar Firoz, Mr.Shaheen Ilyas Sarwana, Mr.Naveed Jan Baloch, Mr.Azhar Saeed Butt, Mr. Muhammad Zafar Jalil Khan Mastikhel, Mr. Abdul Khaliq Khan, Mr. Muhammad Ali, Khwaja Muhammad Iqbal Khan, and Mrs.Rukhsana Jahangir Vice Presidents FPCCI, said that Industrial Sector is worst affected by the present law and order situation.

They said that Karachi is the country’s investment and trade gateway and the key player in the economic performance of the country. The current surge in deteriorating law and order situation hamper the economic activities.

They also said that killings and kidnapping for ransom have increased during the Holy month of Ramazan. Four Bomb basts took place within a short span of one hour in Karachi. Seven people were killed in a bomb blast which took place at the thickly populated Lyari during a football match.

The situation is worsening day by day and businessmen are receiving Bhatta parchis. Bhatta mafia is active and people due to fear of kidnapping for ransom are closing their business. Deteriorating Law and order situation has also increased feeling of insecurity among businessmen. There is great threat to life for the top management.

There are many cases reported where Chief Executives or their family members were abducted and released after heavy torture and payment of ransom. Movement of the top management is now restricted to limited areas and that too with escorts, increasing cost of security disproportionately. Buyers had a great life threat to visit Pakistan, even local buyers are not ready to travel.

Investment opportunities have also declined in the country and investors are not interested to invest in Pakistan. Police and Rangers are making their best efforts to controlee current situation, they have scarified their lives. But the criminals/terrorist are well organized they may be controlee by army.

They also said if the law and order situation in Karachi which is the commercial city of Pakistan is not maintained, the gap in the balance of trade and deficit in Governemnt revenue will be widened.

They urged upon the government of Sindh and the Federal government to handover control to the Army for at least 4 to 6 weeks to restore peace and normalcy in the whole of Sindh after which they should return to the barracks.

For more information, contact:
Secretary General
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Karachi-75600, Pakistan
Tel: 0092-21-35873691, 93-94
Fax: +9221 3587 4332
Email: info@fpcci.com.pk
URL: www.fpcci.com.pk

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