ISLAMABAD: The Senate Standing Committee on Commerce and Investment on Thursday approved “The Trade Organizations (Amendment) Act 2021” for further consultation in the committee and other stakeholders.
“The Trade Organizations (Amendment) Act 2021” moved by Sajida Begum MNA and referred by the National Assembly on 10th August 2021.
The 26th meeting of the committee was held in the Parliament House, under the Chairmanship of MNAs Syed Naveed Qamar.
The Secretary, Ministry of Commerce informed that the proposed amendments in the Act, including an increase in the tenure of Chambers and other organizations, was under the consultative stage with the Ministry of Law and Justice.
After a detailed discussion, the committee decided to invite the relevant stakeholders, especially the current President FPCCI and former President FPCCI, in the next meeting.
The committee discussed the ban on the export of livestock especially the ban on poultry and its products.
The committee was informed that as per its directives, the Ministry of Commerce and Ministry of National Food Security and Research were holding sessions with all the stakeholders to resolve the issue.
However, the matter of ban on poultry and its product is in the court of law.
The chairman observed that this kind of action had resulted in failure to meet export orders by the exporters and it had caused huge losses to exporters in particular and the industry as a whole.
He also observed that this action would provide the chance to other countries to fill the gap.
The committee directed the Ministry of Commerce to peruse the case on priority.
The committee also considered the pension and gratuity for the employees of Pakistan Cotton Standard Institute (PCSI) and directed the Ministry to resolve the issue as soon as possible.
The committee unanimously approved the minutes of its previous meeting.
The meeting was attended by MNAs Muhammad Yaqoob Shaikh, Khurram Shehzad, Wajiha Qamar, Sajida Begum, Mrs. Farukh Khan, Usman Ibrahim, Rana Iradat Sharif Khan, Rasheed Ahmed Khan, Mrs. Tahira Aurangzeb, Shaista Pervaiz, Shaza Fatima Khawaja, and Syed Javed Ali Shah Jelani.
The meeting was also attended by the Secretary Ministry of Commerce with senior officers from the ministry.