Traders facing major challenges: PPDA chairman

Malik Khuda Bakhsh, a Core Committee member of the United Business Group (UBG) and chairman of the Pakistan Petroleum Dealers Association (PPDA), says traders are under strain. According to Business Recorder, he cited costly energy, higher production expenses, the need to draw in more investment and the need to widen trade and commercial activity as pressing concerns in the current economy.

Against this backdrop, he welcomed the UBG's unanimous decision to nominate SM Tanveer for the presidency of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). He described Tanveer as a seasoned figure with broad trade and industrial experience, solid links within business circles, and a record of resolving commercial problems in practice. He said the nomination showed the UBG's confidence that Tanveer would raise the community's issues in national forums and help resolve them.

The PPDA, which he said runs a country-wide network of about 14,000 petroleum dealerships, plans to keep building constructive ties with the FPCCI and other trade bodies. He added that the association aims for sustainable growth, business stability and national prosperity while protecting the shared interests of traders.