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Formation of Sub-Committees 2009- 2010  -  16October 2009  -    Mr. Shahid Ismail, Chairman - Mobile Nos: 0300-8239899    -    Mr. Jawed Suleman, Vice Chairman - Mobile No: 0300-8246841

Date :  

 
 FEDERAL 'B' AREA ASSOCIATION OF TRADE & INDUSTRY  » INTRODUCTION *Print this page  

Federal B.Area Karachi, from its block 1 to 22, is the 5th largest industrial area of sindh where above 2000 industrial units are opening. Ninety per cent of them are fully export oriented, hence they are contributing a big share in national economy by paying duties and taxes a part from earning huge amount of foreign exchange for the country as well as employing a large number of workforce; and nearly 8 lacs of people are benefited from employment opportunities. A large section of the employees constitutes women folk of the area. Majority of the industrial units are of textiles, hosiery, garments and towels.

Taxes & levies:

  • Income Tax about Rs. 3 billion per annum.

  • Cesses & levies about Es. 500 Million per annum.

  • Other taxes about Rs. 5 billion per annum.

  • Total Taxes about Rs. 8.5 billion per annum.

  • Per day about Rs. 25 million per annum.

Federal B. Area association of Trade & Industry came into existence in 1987 with clear objectives to promote industrial activities in the area and to contribute positively to the economic well-being of the country by way of enhancing industrial production.

The Association is incorporated under the Companies Ordinance 1984 (XLVII of 1984) as a company under section 42 and registered under No.
K – 01504 of 1989-90 by the registrar of Companies. It is also licensed under section 3 of the Trade Organizations Ordinance 1961 (Ordinance No. XLV of 1961). It is in fact a town association of trade and industry affiliated to Karachi Chamber of Commerce & Industry.
 

 

The respected members of the Committee boldly addressed themselves to their challenging tasks and set about to solve the genuine problems relating to the area industries ,in the matter of policies ,levies, ceases, infra structure development, provision of utilities services, etc.

Those who had ventured forth to establish industries in Federal 'B' Area, Karachi were faced with formidable problems and hardships

Services of the First Ad-hoc Committee: The following members of the ad-hoc committee may be praised for having invested their time, effort  and capital , in taking the risks to set up their respective enterprises in the area.

 

First Ad- Hoc Committee

   Mr. M. Futehally
   Mr. Masood Alam
   Mr. Ajaz Mahmood
   Mr. Nayyarul Haq Ansari
   Mr. Saghir Ahmed
   Mr. Allimohammed
   Mr. Fazal Elahi
   Mr. Abdul Habib
   Mr. Humayun Sattar

         Convenor
         Member
         Member
         Member
         Member
         Member
         Member
         Member
         Member


The above members and entrepreneurs worked hard to solve the problem of the industrial area related to encroachment ,maintenance and repairs, improvement of water and sewerage system, of law and order situation grants of arms license to industrialists , refunds of Import License fee from the government, rectification of unauthorized and extended power load in the area and many more. 

 

Registration With DTO: After continuous efforts, this Committee was able to register the body with the competent Authority in the name of " FEDERAL 'B' AREA ASSOCIATION OF TRADE & INDUSTRY" . A license bearing No.42 was granted by the Directorate of trade Organization , Government of Pakistan on May 25, 1989.

 

Copyright 2005
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