LAHORE - The Lahore Chamber of Commerce and Industry and the Federation of Chambers of Commerce and Industry have decided to collaborate in the field of research and development to avoid overlapping of trade related data collection. The decision was taken at a meeting between LCCI and FPCCI office bearers at Federation House on Tuesday. LCCI president Zafar Iqbal Chaudhry, vice president Faisal Iqbal Chaudhry, the president SAARC Chamber of Commerce and Industry Tariq Sayeed, Vice president Iftikhar Ali Malik, FPCCI president Sultan Chawala, former FPCCI president SM Munir and former LCCI vice president Shahzad Ali Malik spokes at the meeting. Speaking on the occasion, Sultan Chawala stressed the need for maximum interaction between the FPCCI and its constituent trade bodies to get solved the issues being faced by trade and industry. He said there was a dire to jointly work for improving Pakistans perception that has been tarnished by the enemies of the country for their ulterior motives and to achieve this goal all the chambers of the country and the trade bodies would have to work hand in hand. In their address, Tariq Sayeed and Iftikhar Ali Malik said that FPCCI strength lies in the strength of its constituent institutions therefore all the chambers should work for the promotion of trade and industry. They said that collaboration among public, private sectors, academia and intelligentsia are a prerequisite to achieve the goal of progress and prosperity. They cited the examples of Japan and Korea where an interaction among such sectors have done miracles. They said it was the responsibility of every businessman to play its role for coping with the challenges being faced by the economy of the country. Speaking on the occasion, LCCI president Zafar Iqbal Chaudhry gave the office bearers and executive committee of FPCCI and SAARC Chamber of Commerce and Industry a detailed briefing on the project initiated by the LCCI to supplement government efforts for the economic revival. He said that LCCI in consultation with all the political parties was working out a five years economic agenda for the government. The sole objective is to ensure continuity in policies as adhocism has really pushed country against the wall. The president said that the LCCI was also spending a considerable amount of energy on the collection of necessary business related data that would help to convert certain organized sectors into organized. He said that LCCI was also planning to launch an FM Radio for update of the ongoing business scenario to the business doing people and for public awareness about economic issues and their possible solutions. He said that for the sake of highlighting the potentials of the country, the LCCI in collaboration with the Gilgit-Baltistan government had arranged an exhibition so that the foreign and local investors could have first hand knowledge of available opportunities in Pakistan. On NFC Award, he concluded that a consensus after a long period of thirteen years would have a far impact on the country in general and on the economy in particular.