FPCCI launches ‘Business Performance Index’

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Wednesday launched “Business Performance Index”, the first of its kind in the history of the country.

FPCCI President, Tanveer Ahmed Sheikh announced the launching of the index at Federation House in a ceremony, which was attended by the business community. Talking to media, FPCCI President said that the index has been launched to project transparently the business activities in the country and hoped that it would be distinguished one in achieving its objectives.

Highlighting the features of the index, he said it would determine the quantum of cedit off take by the private sector, foreign direct investment, collection of sales tax and forex reserves position of the country. He informed newsmen that on fifth of every month, the details of the index would be announced and it would also forecast the future prospects of the exports and imports of the country.

He said that the information to be available on the index would be taken initially from State Bank of Pakistan, Ministry of Finance, Karachi Stock Exchange, Federal Bureau of Statistics and other agencies.

“The index would be made more transparent gradually by carrying out extensive research,” he added.

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