LAHORE -  Trade Development Authority of Pakistan (TDAP) Chief Executive Officer S M Muneer on Thursday said that the biggest reform at TDAP and Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is that corruption has been brought to zero level, while culture of unnecessary delays has also been weeded out.

He expressed these remarks while addressing a reception held in his honour by the UBG Chairman Iftikhar Malik. The ceremony was attended by representatives of all leading chambers who unanimously announced their support for the UBG in upcoming elections of FPCCI.

“I have given TDAP a whole new corporate culture with the instruction that they have to serve the business community. Now as a UBG patron-in-chief, our target is to transform the FPCCI also into a transparent and public serving institution, which has also been reflected during the last two years,” said Muneer.

He said there was a corruption of Rs16 billion when he took over the TDAP which has now been dropped to zero. The corrupt people are now facing trials in the courts including some former federal ministers, he added.

On the occasion, UBG Chairman Iftikhar Malik said that measures have been taken to ensure corruption-free environment also in the FPCCI for the promotion of trade and business activities in the country. He said that FPCCI has taken effective measures for elimination of corruption from the federation and today the affairs of the FPCCI were in safe hands. He maintained that FPCCI was bankrupt before Mian Idress assuming the affairs of the FPCCI and today there were Rs40 million in the kitty of the federation.

Malik said that unfortunately the country has the most expensive electricity in the region. He flayed the government's failure to address the issue of tax refunds. Tax refunds of more than Rs250 billion are pending, which has left the small export units paralysed and increased the cost of doing business across the board.