Saturday, May 10, 2008, Jamadi-ul-Awwal 3, 1429    

FPCCI denies report for closing down its R&D cell.

Staff Reporter

Karachi—The Federation of Pakistan Chambers of Commerce & Industry has no intention to close down its R&D Cell at FPCCI Head Office. This was stated by Mr. Zubair F. Tufail, Acting President FPCCI who categorically denied the report appearing in yesterday’s Newspaper about the closer of R&D Cell of FPCCI. He declared the report totally wrong and baseless.
He further stated that the R & D Cell was performing entirely satisfactory and had initiated several mega projects in the current year all relating to business activities which on completion would benefit the economy. In the past the R&D Cell has accomplished several projects successfully, organized seminar and conferences on different subjects, Zubair further added.
He further informed that R&D Cell had made excellent work in the past and recently it has made proposals for the Federal Budget which have been presented to Ministry of Finance for consideration. Mr. Zubair said, FPCCI is considering further up-gradation of the R&D Cell by inducting new economists to undertake further projects while Library of FPCCI is also being modernized which will be equipped with modern tools and to be connected to all leading libraries world-over benefiting and updating the business community about the recent development and current economic changes.
He further added, in the current economic scenario R&D Cell of FPCCI is playing its due role which will continue with all support and resources.