FPCCI hosts Board of Directors Meeting of ICCIA - Press Release issued by Federation of Pakistan Chambers of Commerce and Industry.

Karachi -- November 19, 2019 (PPI-OT)

Following is the text of press release issued by Federation of Pakistan Chambers of Commerce and Industry (FPCCI)

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The Federation of Pakistan Chambers of Commerce and Industry hosted 29th Board of Directors and 62nd Financial Committee Meeting of the Islamic Chamber of Commerce, Industry and Agriculture (ICCIA) at Karachi which were attended by BoD members including Djibouti, Egypt, Iran, Jordan, Kuwait, Niger, Oman, Pakistan, Palestine, Qatar, Saudi Arabia, Sudan, Tunisia, Turkey, Uganda, UAE, Indonesia, Malaysia and Mali etc.

The Board of Directors Meeting of ICCIA discussed in detail the economic activities, trade relations and investment opportunities among the OIC member countries and showed dissatisfaction on current intra-regional trade i.e. 17% of total trade. Moreover, the meeting reviewed the decisions taken in last meeting about OIC Arbitration Center, OIC Halal Accreditation Center, The Islamic Chamber Research and Information Center etc. The participants agreed for removal of tariff and non-tariff barriers including lack of banking channels, simplification of visa regime, lack of commercial activities and other challenges faced by the Muslim Countries. The meeting also discussed transfer of technology, joint ventures/networking, promotion of Women Entrepreneurs, SMEs sector etc.

Earlier, the President of the Federation of Pakistan Chambers of Commerce...