FPCCI opposes govt’s move

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has opposed any move to shift Trade Development Authority of Pakistan’s (TDAP) head office from Karachi to Islamabad, a statement said on Thursday.

The apex trade body expressed concerns over a recent discussion in the Senate Standing Committee on Commerce about shifting of TDAP head office from Karachi to Islamabad.

Karachi is the hub of trading in the country and it is completely illogical to consider shifting of a trade facilitation organisation to somewhere else, it said. Its relocation to Islamabad would only serve the purpose of some elements who do not want to serve in Karachi and would completely render it dead for the business community in the capital city, as there is negligible business activity, the statement said.