ISLAMABAD
\nIn a major stride towards modernizing Pakistan\u00eds trade governance and aligning it with contemporary economic realities, the Ministry of Commerce has launched a nationwide campaign of awareness and consultative sessions aimed at updating the Trade Organizations Rules (TOR), 2013.
\nThis landmark initiative, being undertaken under the direct guidance of the Federal Minister for Commerce, Jam Kamal Khan, reflects the government\u00eds commitment to forging a transparent, inclusive, and future-ready regulatory framework.
\nSpeaking about the initiative, Commerce Minister Jam Kamal Khan emphasized the importance of engaging the business community directly in shaping the rules that govern them.
\nFor more than a decade, the Trade Organizations Rules remained unchanged, leading to rising litigation, weakening corporate governance, and diminishing the influence of trade bodies in national policymaking,\u00ee said the Minister. \u00ecThis consultative process is a golden opportunity for stakeholders to not just raise their voices but to become co-authors of a regulatory framework that mirrors Pakistan\u00eds economic ambitions.\u00ee
\nThe Directorate General of Trade Organizations (DGTO), operating under the Ministry of Commerce, has embarked on this transformative exercise in collaboration with the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). The sessions are set to be held in Karachi (June 16), Lahore (June 18), and Islamabad (June 19), encompassing trade bodies from Sindh, Balochistan, Punjab, Islamabad, and Khyber Pakhtunkhwa. These sessions are designed to provide a structured platform for business leaders, SMEs, women entrepreneurs, and marginalized groups to present their views on how trade governance should evolve.
\nThe reform agenda is not just about revising legal text but ushering in a new era of corporate transparency, digital compliance, electoral accountability, and gender inclusion. With more than 300 licensed chambers and associations forming the backbone of Pakistan\u00eds trade landscape, the move is expected to enhance trust between the state and business entities\u00f3one of the core objectives highlighted by the Minister.
\nThis is not a cosmetic update; it is a comprehensive overhaul rooted in our vision of participatory governance and economic democratization,\u00ee Jam Kamal Khan added. \u00ecWe are embedding international best practices, supporting the digital economy, and fostering a regulatory environment where even the smallest voices can shape the biggest policies.\u00ee
\nThe initiative aligns with Pakistan\u00eds commitments under the Sustainable Development Goals (SDGs)\u00f3particularly SDG 5 (Gender Equality), SDG 8 (Decent Work and Economic Growth), and SDG 16 (Strong Institutions). Special emphasis is being placed on institutional alignment with the amended Trade Organizations Act, 2013 and the Companies Act, 2017, under which trade organizations are registered as Section 42 companies.
\nThe DGTO has also ensured that voices from remote and resource-constrained areas will be heard through a hybrid model, allowing online participation from stakeholders unable to attend in person.
\nPresident FPCCI Atif Ikram Sheikh welcomed the initiative, stating,
\nThis is a vital exercise to bring clarity, consistency, and unity in our trade governance. I commend the DGTO and appreciate the Ministry of Commerce for taking all trade bodies on board to co-create a regulatory environment that facilitates, rather than restricts, growth.\u00ee
\nIn a country striving to realize its URAAN national economic transformation plan, the reform of TOR 2013 marks a significant shift in how the business-state relationship is defined. Rather than a top-down approach, this inclusive and consultative strategy places trust, participation, and accountability at the heart of policy reform.
\nThrough this bold and timely initiative, Commerce Minister Jam Kamal Khan and his team have reaffirmed their vision of a progressive Pakistan, where policy is not just made for the people but with the people.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD In a major stride towards modernizing Pakistan\u00eds trade governance and aligning it with contemporary economic realities, the Ministry of Commerce has launched a nationwide campaign of awareness and consultative sessions aimed at updating the Trade Organizations Rules (TOR), 2013. This landmark initiative, being undertaken under the direct guidance of the Federal Minister for Commerce, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-484939","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n