SIALKOT-Three chambers of commerce and industry of Gujrat, Sialkot and Gujranwala and 13 other business associations have formed a `Golden Triangle Council` to enhance mutual cooperation and resolve the issues being faced by the community.

The council was formed at the `Golden Triangle Conference 2017` hosted by GTCCI here in Gujrat. The moot was also attended by the acting president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Aamir Atta Bajwa, former presidents of the federation SM Muneer, Iftikhar Malik, Mian Idrees, vice president Kareem Aziz Malik and representatives of other major chambers of commerce in Punjab.

GTCCI President Ali Ansar Ghuman, Sialkot Chamber of Commerce and Industry (SCCI) President Zahid Latif Malik and Gujranwala Chamber of Commerce and Industry (GCCI) President Mian Aamir Aziz jointly signed a memorandum of understanding (MoU) on the occasion.

The MoU was also endorsed by the Jhelum Chamber of Commerce and Industry (JCCI) as well as 13 other associations of various industrial sectors of Gujranwala region, including Pakistan Electric Fan Manufacturers Association, All Pakistan Furniture Makers Association, All Pakistan Stainless Steel Importers Association, Gujranwala, All Pakistan Aluminum Utensils manufacturers Association, Gujranwala, All Pakistan Cutlery and Utensils Manufacturers and Exporters Association of Wazirabad, Pakistan Sports Goods Manufacturers and Exporters Association, the Surgical Instruments Manufacturers Association, Pakistan Gloves Manufacturers and Exporters Association, Pakistan Readymade Garments Manufacturers and Exporters Association, Pakistan Hosiery Manufacturers and Exporters Association, Pakistan Leather Garments Manufacturers and Exporters Association, Air Cargo Agents Association of Pakistan, Sialkot, and All Pakistan Pottery Manufacturers Association, Gujrat.

Sialkot chamber`s Dr Numan Idrees Butt was elected first president of the Golden Triangle Council whereas presidents, senior vice-presidents and vice-presidents of the three chambers as well as chairmen of the regional associations were nominated as members of the board of directors.

Speaking to the participants, Dr Nauman Idrees said that the industrial products belonging to golden triangle districts was contributing at least two to three billion dollars annually.

He said the business community, particularly the exporters, had been facing shortage of working capital due to delay in clearance of tax refund of billons of rupees pending with the finance ministry. Akhlaq Butt, former president of GCCI, said that the environment for the industrial growth had not been conducive as existing industries were being hurt by wrong policies of the government.

He said there was a huge difference of price of gas in Sindh, Khyber Pakhtunkhwa and Punjab as the manufacturers belonging to Punjab buy gas at exorbitant rates.

He urged FPCCI leaders to raise their voice in favour of the genuine problems of the trade and industry. Acting president of FPCCI Aamir Bajwa said that apparently the business community seemed to be split which should get united to resolve its long standing issues as traders and industrialists must be on the same page.

SM Muneer said that FPCCI would convene a countrywide convention of the business community before January 31 to discuss the issues being faced by the businessmen at national level due to the harsh policies of the government. He said former Prime Minister Nawaz Sharif did not listen to them despite several requests.