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DCCI clears new bylaws of Pakistani Business Council

DUBAI - Dubai Chamber of Commerce and Industry (DCCI) has approved the constitution and bylaws of the new Pakistani Business Council (PBC). The members of Pakistani business community in Dubai will hold elections in March to elect the five members of the board of directors of the council, which will elect the president, and then will have to apply to Dubai Economic Department (DED) for a licence.

In a move to put order and control the activity of national business councils in the emirate, DCCI last year launched a campaign of re-establishing national business councils in Dubai, which now can operate only after obtaining a licence from DED. The move was urged by the availability in the emirate of several business councils representing one country, but operating under different umbrellas. Now all the national business councils in Dubai are operating under the DCCI umbrella. So far, all the national business councils operating in Dubai have got licences from DED, except the Pakistani Business Council.

According to Wahid Nagda from Griffin Nagda & Company, who was appointed by DCCI as a middleman between the chamber and Pakistani business community in Dubai, some 400-500 Pakistani businessmen operating in the emirate are expected to join the new Pakistani Business Council. The new council will be different from the previous one, offering eight categories of membership. He said that after DCCI approves the membership application form, members of the Pakistani business community will submit their applications for membership, which also have to be approved by the chamber. The final list of members will be released by DCCI on March 9, while the final list of contestant will be issued on March 14. The elections are scheduled for March 15 and only those entitled for voting will be allowed to participate. The results will be announced on the same day.