KARACHI, April 11 (PkRevenue.com) – The Karachi Chamber of Commerce and Industry and Faisalabad Chamber of Commerce and Industry agreed on Saturday to strengthen coordination to present a unified stance on Pakistan’s economic and business challenges, according to a joint statement.
The understanding was reached during a meeting at the Karachi Chamber where a delegation from Faisalabad Chamber met office bearers of the Karachi chamber to discuss avenues for closer institutional cooperation.
Both sides agreed to maintain regular engagement, including reciprocal visits and structured consultations, to ensure timely identification and resolution of issues facing trade and industry across Pakistan’s key industrial hubs.
They said the current economic environment required closer institutional coordination to effectively represent business concerns before policymakers and to develop a consistent advocacy position on critical reforms needed to stabilise the economy.
Participants highlighted high energy costs, particularly electricity and gas tariffs, as major constraints on industrial competitiveness and export growth. They also pointed to budgetary anomalies and called for tax rationalisation, procedural simplification and the introduction of business-friendly reforms in the upcoming federal budget.
The Karachi Chamber leadership said the business community across Pakistan faced shared challenges requiring collective action and stronger inter-chamber collaboration to improve policy engagement and outcomes.
The Faisalabad Chamber leadership emphasised sustained interaction to strengthen institutional linkages and ensure that business concerns are consistently and effectively communicated to decision-makers.
Both chambers reaffirmed their commitment to continued cooperation in the national interest and agreed to enhance coordination mechanisms to ensure practical, timely and result-oriented solutions to economic challenges facing industry and trade.