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Directory Chambers International Chamber of Commerce Pakistan (ICC)

International Chamber of Commerce Pakistan (ICC)

The Pakistan National Committee of the International Chamber of Commerce was founded in 1955 and participated actively in ICC affairs. In 1960 the PNC-ICC hosted the International Businessmen’s Conference at Karachi under the auspices of the Commission on Asian and Far Eastern Affairs of the International Chamber of Commerce (CAFEA - ICC).

ICC Pakistan is a consultative body to senior policy makers and provides guidelines and information, which help to facilitate legislation allowing for the development of a conducive and enabling environment for direct investments and international trade.

The Founder Chairman of the Pakistan National Committee was Mr. Mohammed Aly Rangoonwala. The Chairman of the Host Committee of the 1000 ICC-CAFEA Conference was Sir Muratib Ali. In 1981 Mr. M. A. Rangoonwala became the Chairman of the ICC itself based in Paris. At the time Mr. Ameen Tareen was the Secretary General of the Pakistan National Committee. Others who chaired the Pakistan National Committee subsequently were Mr. N. M. Uqaili and Mr. A. G. Adamjee. In 1999 when the ICC chapter in Pakistan was revived Mr. Tariq M. A. Rangoonwala was asked to be the Chairman with Mr. Zia Khaleeli as the Secretary General. During its revival process it was registered as per appropriate legal advice as an Association of Persons (AOP) operating under a ICC National Committee Constitution. The Pakistan National Committee is a non-profit organization.

The PNC-ICC was reorganized in 1999 and reconfirmed at the ICC’s 178th World Council Meeting in November 1999. Since its reorganization, ICC Pakistan has become an active forum for enhancing the role and interests of the local and international business communities by promoting policies and reform initiatives to facilitate foreign direct investment and trade. Members of ICC Pakistan are representatives of established private sector organizations having a diverse range of business, professional and philanthropic interests with extensive experience in Pakistan and overseas.

ICC Pakistan’s immediate goals are to promote appropriate reform legislation and to impart training of ICC rules and practices. In February 2002 ICC Pakistan hosted the ICC Regional Foreign Direct Investment Conference attended by members of the local, regional and international business communities. The conference covered Privatization, Deregulation and Liberalization; Energy; IT, E-Commerce and Telecommunications; Transport, Shipping and Logistics; IPR and Copyright, and Arbitration.

The ratification and enforcement of the New York Convention 1958 for foreign arbitral award enforcement on a reciprocal basis. In this regard the Government of Pakistan formed a Committee for Updation and Development of Laws on Arbitration. ICC Pakistan obtained a Federal Cabinet resolution for ratification in June 2002. A Bill known as the Bill for the Foreign Arbitral Award Enforcement was introduced in the National Legislature for passage and subsequent enforcement. This was promulgated as Ordinance No. LVIII of 2007 "An Ordinance to provide for the recognition and enforcement of arbitration agreements and foreign arbitral awards". It has now become a law and the courts in Pakistan have already enforced it in several cases hence effectively preventing any local court impediments to international arbitration agreements. In order to receive effective support of government, legal community and both foreign and local business communities ICC Pakistan hosted an Arbitration Conference with the theme "The Right Formula – International Arbitration" on November 23, 2005 at Karachi which was attended by the Chief Justice of Pakistan, senior members of the judiciary both from the Supreme Court and the Provincial High Courts. It was also attended by senior jurists and arbitrators from the UK, Canada, Malaysia and India.

In order to facilitate transit trade and exhibitions ICC Pakistan has been appointed as the National Guaranteeing Organization in Pakistan for the ATA Carnet System under the Istanbul Convention and the TIR Carnet System under the International Road Transport Union (IRU) governed TIR Convention. The ATA Carnet System is governed by the WATAC secretariat of the World Chambers Federation a division of ICC. The Pakistan Federal Cabinet in June 2002 approved the ratification of the Istanbul Convention and completed the accession process in June 2004. Accession to the TIR Convention is under process and in order to facilitate the implementation of the TIR Convention in Pakistan ICC Pakistan has formed a TIR Commission comprising of concerned stakeholders. The Pakistan National Committee of the ICC has also become an Associate Member of the International Road Transport Union (IRU).

ICC Pakistan has extensively interacted supported and promoted a comprehensive proposal document for the establishment of the Pakistan Intellectual Property Rights Commission (PIPRC) along with a Stand Alone Law (SAL). This proposal document was prepared by all stakeholders including the Business Software Alliance and the Motion Picture Association. The Government of Pakistan has now established a Pakistan Intellectual Property Rights Organization (PIPRO). The proposal document also envisaged a special Task Force for the comprehensive enforcement of copyrights in Pakistan. It also included the combining of Trademarks, Patents and Copyrights under a single authority.

ICC Pakistan had been appointed to head the Consumer Protection Body for finalizing a draft Consumer Protection Ordinance for the Sindh Province, which envisages the establishment of Consumer Protection Courts. The Consumer Protection Ordinance has been approved in view of the Access to Justice Program of the Ministry of Law to be funded by the Asian Development Bank. With the implementation of the Consumer Protection Law several government inspectorates such as the Bureau of Supply and Prices, and the Department of Weights and Measures would consequently be abolished.

ICC Pakistan has extensively interacted and provided business guidelines to the Pakistan Telecommunication Authority (PTA) in terms of its Deregulation Policy and has recommended the breakup of the single largest incumbent, the Pakistan Telecommunications Corporation Limited (PTCL) into regional companies and their concurrent divestment from the public sector.

In the area of banking ICC’s Incoterms 2000 has been incorporated in the Foreign Exchange Manual of the State Bank of Pakistan. In addition to this seminars and workshops on Uniform Customs Practices (UCP500) and International Standard Banking Practices (ISBP) have been conducted in Pakistan in cooperation with the Ministry of Commerce and UNCTAD. Currently ICC Pakistan is examining seminars on Documentary Credits Professional (DCPro) for the banking community in Pakistan.

The Certified Documentary Credits Specialist (CDCS) examination were organized by ICC Pakistan and held in Pakistan for the first time during the year 2003. ICC Pakistan is actively promoting the CDCS examinations in Pakistan.

Interaction with Transparency International, the National Accountability Bureau and the Board Of Investment has been initiated to recommend to the Government of Pakistan anti-corruption legislation as envisaged by the OECD Convention and the UN Convention on Anti-Corruption, which are supported by ICC.

ICC Pakistan has an extensive relationship with the Board Of Investment of the Government of Pakistan.

ICC Pakistan hosted the first post 9/11 Foreign Direct Investment Conference in February 2002 which was widely attended by not only major decision makers of the business community but also all relevant Federal and Provincial Ministers. This conference was known as the ICC Regional Foreign Direct Investment "An Emerging Crossroad for Trade and Investment" and had the objective of advocating International Arbitration and Arbitral Award Enforcement; Intellectual Property Rights; Privatization, Deregulation and Liberalization; E-Business, IT & Telecom and Transit Trade Facilitation. In each of these subjects we not only had interacted at the highest levels but actually advocated and presented specific laws for their legislation and implementation, which we pursued assiduously and objectively hence setting out specific goals to provide tangible results. The Karachi Business Declaration consequent to the ICC Regional FDI Conference forms the core basis of the reforms advocated by the Pakistan National Committee.

Pakistan is represented at the ICC International Court of Arbitration by a member of ICC Pakistan.

Members of ICC Pakistan are part of ICC Commissions in Paris in the areas of Banking, EBITT, Transport and Arbitration. The E-Business, IT & Telecom (E-BITT) Commission of ICC Pakistan has been deeply involved in advocating, lobbying and providing its insight, input and various legislation being drafted by the Government of Pakistan. These include the elective enablement provisions of the Carriage of Goods by Sea Act 2005, Sea Carriage Documents Act 2005, International Carriage by Air Act 2005, Carriage by Road Act 2005. More specifically the ICC Pakistan E-BITT Commission has provided integral feedback, comments and assistance to the government with regard to the drafts of the E-Crimes Act 2005, the Electronic Data Protection Act 2005, the E-Payment Systems and Funds Transfer Act 2005 and the Amendments to the Telecommunication Act 1996.

ICC Pakistan’s Banking Commission has been very active in drafting the new UCP600. We also succeeded in the amendment to the Foreign Exchange Act and the Foreign Exchange Manual of the State Bank of Pakistan by way of the adoption of the ICC Incoterms 2000 so that trade and transport facilitation reform could commence covering all aspects from Banking to Air, Sea and Land transport.

ICC Pakistan advocates a monetarist policy approach to economic management in Pakistan and supports the implementation of capital account convertibility for all. In terms of taxation ICC Pakistan advocates a direct corporate income tax level of 16% which was part of the Karachi Business Declaration consequent to the ICC Regional FDI Conference held at Karachi on 17-18 February 2005.

ICC Pakistan seeks to have a liberal environment in terms of the international culture to attract tourism in order to provide gainful employment and enhanced incomes for many of the unemployed youth.

ICC Pakistan is also represented in the National Trade & Transport Facilitation Committee of the Ministry of Commerce, Government of Pakistan.

The Office Bearers and members of the Pakistan National Committee comprise of leading business groups, Banks, insurance companies, multinational companies, legal and technical experts. Many amongst our membership are also engaged in philanthropic activities in education, vocational training, social welfare and health initiatives all over Pakistan. It is essentially the members and their individual stature that lends great support to reform initiatives being proposed to the Government of Pakistan. In proposing the reform initiatives it is also necessary to develop enabling laws for implementation of reform measures. ICC Pakistan firmly believes in concentrating on achievable and specific measures that would have extensively wide implications for the improvement of the business environment in Pakistan.

International Chamber of Commerce Pakistan (ICC) Information

International Chamber of Commerce Pakistan (ICC)
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