Karachi, November 7, 2025 – In a landmark show of unity, the Karachi Chamber of Commerce & Industry (KCCI) and the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) have pledged to work together for Pakistan’s economic revival and long-term stability.
During a high-level meeting at KCCI on Friday, attended by top representatives from both chambers, KCCI President Rehan Hanif and FPCCI Senior Vice President Saquib Fayyaz Magoon emphasized the need for coordinated action, collective advocacy, and stronger institutional cooperation among trade bodies to tackle shared economic challenges.
Rehan Hanif appreciated Magoon’s proactive role in addressing business concerns and urged all chambers across Pakistan to unite under one platform to amplify the voice of the business community. He also called on FPCCI to collaborate on resolving long-standing issues such as industrial land at Port Qasim, e-invoicing, e-bilty systems, and the Section 7E tax on immovable properties — measures that he said have discouraged investment and fueled capital flight.
He further pointed out anomalies in the FATA/PATA tax exemption regime, calling it an “unequal system” that distorts fair competition, and reiterated the demand for an electricity tariff of 9 cents per kWh for industries nationwide.
Highlighting Pakistan’s stagnant exports at US$32 billion compared to remittances exceeding US$38 billion, Hanif urged a collective strategy to enhance export competitiveness and boost national revenue.
FPCCI Senior Vice President Saquib Fayyaz Magoon echoed similar sentiments, calling the meeting a “historic moment” in building enduring cooperation between FPCCI and KCCI. He stressed that no future federal budget should be finalized without meaningful consultation with the business community.
Magoon reaffirmed that both organizations share identical positions on e-invoicing, e-bilty, Section 7E, and FATA/PATA reforms, and must raise a unified voice to influence government policy effectively.
Addressing the Dangerous Petroleum Licence (DPL) issue, he said FPCCI has engaged authorities to correct the classification of harmless industrial inputs and expects a resolution within a month. He also warned against the proposed increase in sales tax on indenting commission from 3% to 8%, noting it could discourage foreign exchange inflows.
Both leaders concluded that a joint, unified business front is essential for shaping economic policy, restoring investor confidence, and accelerating Pakistan’s path toward sustainable growth.