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Hyderabad’s small traders form separate chamber

Hyderabad’s small traders form separate chamber

HYDERABAD: The small traders and owners of small industries of Hyderabad have formed Hyderabad Chamber of Small Traders and Small Industry (HCSTSI), aimed at addressing longstanding demands of the city’s business community.

Its office-bearers and leaders said on Wednesday that HCSTSI was a licensed body established to serve small traders and industrialists having a turnover of less than Rs50 million.

The HCSTSI has been established under Trade Organisations Ordinance 2013 and has been issued licence by the Ministry of Commerce. The chamber would have the same number of seats in the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) as enjoyed by Hyderabad Chamber of Commerce and Industry (HCCI).

HCSTSI President Akram Ansari said HCSTSI was established to take up issues of traders relating to Hyderabad Electric Supply Company (Hesco), illicit demands of tax and Employees Old Age Benefits Institution officials, excesses of labour and customs departments.

Elections of HCSTSI, registered with Security and Exchange Commission of Pakistan (SECP), would be held in September, he said.

He added that HCSTSI did not want divide and would work in collaboration with the HCCI as per law.

Amin Khatri, former HCCI president, said that so far 135 traders have obtained HCSTSI membership and hoped the number would reach 800 to 900 soon.

Published in Dawn, April 14th, 2016

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