‘UBG violates’ its pact: BMP says will contest FPCCI polls

The Businessmen Panel (BMP) says it will contest the upcoming Federation of Pakistan Chambers of Commerce and Industry (FPCCI) election, accusing the United Business Group (UBG) of breaking their written agreement. BMP Chairman Mian Anjum Nisar made the announcement at a Karachi Press Club news conference, where panel leaders called for transparent and fair election procedures.

Nisar said the agreement provided for the next FPCCI president to come from Sindh, and BMP leaders objected to UBG’s nomination of SM Tanveer, whom they described as being from Punjab. They argued that provincial representation should be balanced and Sindh’s business community should receive its agreed share. BMP has not yet selected a presidential candidate to oppose Tanveer, while its leaders said the country’s economic difficulties, inflation and taxes should remain priorities for the business community.