Banking growth vital in financial future.

Interview with Mr. Kaukab Iqbal - Founding Chairman, Consumers Association of Pakistan

PAGE: Tell me something about yourself?

Kaukab Iqbal: I am founding Chairman of Consumers Association of Pakistan, one of the largest NGO of Pakistan working for providing awareness among masses regarding Consumers rights and their Protection. Since its inception on 13th September 2003 I am trying to bring all Pakistanis under the umbrella of Consumer Association of Pakistan for developing effective Consumers' culture.

I feel proud to inform you that due to untiring efforts and struggle we have got a great success in the greater interest of consumers by enforcement of Consumers Protection Act 2014 nationwide. After enactment of Consumer Protection Act 2014, consumers are enjoying more liberty to protect their rights as Consumers' Courts are also working for providing immediate relief to consumers in all provinces.

To encourage consumers-friendly business environment, CAP organises Consumer Choice Awards every year, which has become most prestigious award for business community and industrial sector who do their best keeping in view consumers' choice.

In recognition of my services, now I have been appointed as Advisor to Governor Sindh for Consumers' Protection, which is great honour for me. Besides these achievements, CAP is recognised by:

UNIDO (United Nations Industrial Development Organisation).

USAID (United States Agency for International Development).

GWP (Global Water Partnership).

WHO (World Health Organisation).

EU (European Union Commission).

CI (Consumers International Global Federation).

AAPR (Association for Airline Passengers' Rights USA).

PNAC (Pakistan National Accreditation Council).

PEMRA (Pakistan Electronic Media Regulatory Authority).

OGRA (Oil and Gas Regulatory Authority).

CCP (Competition Commission of Pakistan).

PSQCA (Pakistan's Standard and Quality Control Authority).

CAA (Civil Aviation Authority).

PTA (Pakistan Telecommunication Authority).

Wafaqi Mohtasib Office.

KATI (Korangi Association of Trade and Industries).

State Bank of Pakistan.

In view of the above one can easily analyse the effective role of CAP and my working for Pakistani consumers as well as around the world.

PAGE: What is your take on investment in real estate sector?

Kaukab Iqbal: Like other sectors, real estate sector is in real trouble. Position has worsened when heavy taxes have been imposed on buying and selling of properties It was the only sector left...