ICCI congratulates Muhammad Ejaz Abbasi for assuring charge as Vice President of FPCCI Capital Office - Press Release issued by Islamabad Chamber of Commerce and Industry.

Islamabad -- January 07, 2019 (PPI-OT)

Following is the text of press release issued by Islamabad Chamber of Commerce and Industry (ICCI)

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Ahmed Hassan Moughal President, Rafat Farid Senior Vice President and Iftikhar Anwar Sethi Vice President, Islamabad Chamber of Commerce and Industry (ICCI) have congratulated Muhammad Ejaz Abbasi, former President ICCI for assuming charge as Vice President in FPCCI Capital Office.

They also congratulated Abdul Waheed and Baqar Ali on assuming charge as Vice Presidents FPCCI Capital Office. They hoped that the newly elected Vice Presidents would play effective role from the platform of FPCCI for resolving the key issues of business community of the region. Ahmed Hassan Moughal said that Muhammad Ejaz Abbas had rendered useful services for the business community of Islamabad as former President ICCI and hoped that he would play effective role as Vice President FPCCI in resolving major issues of trade and industry of the region.

He said Pakistan's economy was facing many challenges as according to the SBP data, Pakistan's forex reserves have tumbled down to US$13,837.8 million by 28th December 2018 out of which net SBP reserves were US$7,287.5 million and net reserves with banks were US$6,550.3 million. He said the best way for increasing foreign exchange reserves and improving Pakistan's balance of payment situation was to promote exports. He stressed that FPCCI should work with government for evolving a comprehensive strategy for promoting exports.

Rafat Farid, Senior Vice President, ICCI said that government has expressed strong resolve to improve ease of doing business in the country in order to facilitate the private sector...