Pak-Iran Joint Business Chamber’s License Cancelled

LAHORE:(Web Desk) Licenses of seven trade organizations including Pak-Iran Joint Chamber of Commerce and Industry have been cancelled by the Directorate of General Trade Organizations (DGTO).

As reports published in the media, DGTO cancelled licenses because the trade organizations, mentioned below, failed the meet the requirements.

“The subject TOs namely Pak Iran Joint Chamber of Commerce and Industry, All Pakistan Carbon Solvent Importers Association, Chaghi Chamber of Commerce and Industry, Pakistan Alloy Rim Manufacturers Association, Submersible Pumps Importers Association, Musa Khail Chamber of Commerce and Industry and Qilla Saifullah Chamber of Commerce and Industry lost their licenses after failing to complete codal formalities as prescribed in Trade Organizations Act, 2013 and Trade Organizations Rules, 2013.

“The licenses of the above mentioned TOs stand cancelled under Section 7 of Trade Organizations Act, 2013 with immediate effect.