KCCI and Busi­ness­men Group laud PM re­marks against NAB

The Pak Banker - - NATIONAL -

The Chair­man of Busi­ness­men Group (BMG) Siraj Kas­sam Teli and Pres­i­dent Karachi Cham­ber Younus Bashir said in a state­ment that Prime Min­is­ter's re­marks have in­creased the busi­ness com­mu­nity's con­fi­dence. While ap­pre­ci­at­ing Prime Min­is­ter Mian Muham­mad Nawaz Sharif's stand­point over the ac­tions by Na­tional Ac­count­abil­ity Bureau (NAB) against Busi­ness and In­dus­trial Com­mu­nity, they said that it will go a long way in not only restor­ing lo­cal in­vestors' con­fi­dence but will clear the air for for­eign in­vest­ments as well.

The Chair­man Busi­ness­men Group and Pres­i­dent KCCI said that they fully sup­port Prime Min­is­ter's re­marks as no Law En­force­ment Agency in­clud­ing NAB, FIA, FBR or any other in­sti­tu­tion should have the right to mis­use their pow­ers to ha­rass In­dus­tri­al­ists or Busi­ness­men with­out a solid proof.

A state­ment is­sued by the Busi­ness­men Group and Of­fice Bear­ers of Karachi Cham­ber stated that such prac­tices by NAB shat­tered the con­fi­dence of the en­tire busi­ness and in­dus­trial com­mu­nity, re­sult­ing in flight of cap­i­tal and busi­nesses from Pak­istan which will have a se­vere neg­a­tive im­pact on the eco­nomic per­for­mance of the coun­try.

Re­fer­ring to some me­dia re­ports in which it has been in­di­cated that Prime Min­is­ter prob­a­bly gave th­ese re­marks against NAB in re­sponse to com­plaints by some of the lead­ing busi­ness­men namely So­hail Tabba, Hus­sain Dawood and Mian Muham­mad Man­sha, BMG lead­er­ship & KCCI Of­fice Bear­ers ques­tioned that if NAB can cre­ate prob­lems for such high­pro­file busi­ness­men then what NAB would be do­ing with com­par­a­tively smaller busi­nesses who have in­vested in this coun­try de­spite many odds for the past many decades?

Re­it­er­at­ing BMG's clear pol­icy of be­ing a non-political or­ga­ni­za­tion, they said that BMG and KCCI fully ap­pre­ci­ate Prime Min­is­ter's di­rec­tives to NAB to stop ha­rass­ing the Busi­ness and In­dus­trial Com­mu­nity as th­ese di­rec­tives have got noth­ing to do with pol­i­tics and were purely in the na­tional in­ter­est. "Such ac­tions by NAB, FIA, FBR or any other in­sti­tu­tion put the in­tegrity of Busi­ness and In­dus­trial Com­mu­nity at stake which will not be ac­cept­able at any cost", they added.

They pointed out that the busi­ness and in­dus­trial com­mu­nity con­trib­utes colos­sal amount of taxes to the na­tional ex­che­quer which were be­ing used to run govern­ment or­ga­ni­za­tions and Law En­force­ment Agen­cies in­clud­ing NAB, FBR and FIA but th­ese de­part­ments, in­stead of fa­cil­i­tat­ing the busi­ness com­mu­nity, were mostly busy in ha­rass­ing and pe­nal­iz­ing them which has been rightly pin­pointed by Prime Min­is­ter. "We the busi­ness and in­dus­trial com­mu­nity of Karachi stand shoul­der-to-shoul- der with the govern­ment over this par­tic­u­lar is­sue", they added.

BMG and KCCI de­manded from Prime Min­is­ter to is­sue strict di­rec­tives to all in­sti­tu­tions in­clud­ing NAB and FIA to re­frain from tak­ing ac­tion against any busi­ness­man or in­dus­tri­al­ist with­out a solid proof with a view to save the in­tegrity of busi­ness com­mu­nity. "Even if they have any proof against any busi­ness­man or in­dus­tri­al­ist, the same must be pri­vately shared and dis­cussed through a proper chan­nel or sys­tem which should be cre­ated for the pur­pose such as a Com­mit­tee of judges and gen­uine rep­re­sen­ta­tives of the busi­ness & in­dus­trial com­mu­nity and if the ev­i­dences are found valid, KCCI and BMG will ab­so­lutely have no ob­jec­tion over the ac­tion against the con­cerned busi­ness­man. Karachi Cham­ber and the Busi­ness­men Group would also like to ap­peal to all the political par­ties that th­ese in­sti­tu­tions be made in­de­pen­dent with­out any political in­ter­fer­ence and such sys­tems should be cre­ated through leg­is­la­tion whereby the in­tegrity of in­no­cent is safe guarded whether they be­long to any seg­ment of the so­ci­ety.

While com­ment­ing on the pro­posal of PM for Con­sti­tut­ing Supra Body to Reg­u­late NAB is a good idea pro­vided above board peo­ple are taken on board, they pro­posed that for the cases per­tain­ing to Busi­ness com­mu­nity, busi­ness­men with clean track record be made part of it.

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