Minutes of the. Mr. Muhammad Aslam Mrs. Amna Saleem Mr. Maqsood Ahmed Khan Mr. S. Ali Raza Saeed Shah (Ex-Officio Member)

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Minutes of the 7 th Executive Committee Meeting Date and Time : 21 st April 2012 at 11:30 AM Venue : Khalid Waheed Hall of the Chamber. Participants : Mr. Jawed Akhtar Bhatti (President) in Chair Raja Amer Iqbal (SVP) Ch. Iqbal Ahmed (VP) Mian Mohammad Ateeq Sheikh Mr. Adil Jan Erkin Ch. Nadeem A. Rauf Mr. Mohammad Imtiaz Chowdhry Mr. Zafar Jamal Ch. Pervaiz Ahmed Warriach Mr. Mohammad Khalid Farooq Qazi Syed Kazim Hasan Mr. Bilal Maqbool Mr. Asim Mahmood Mr. Manzar Khurshid Sheikh Mr. Hassan Mustafa Mr. Mohammad Fayyaz Qureshi Maj. (Retd.) Nouman Mahmud Khan Mr. Kashif Riaz Regrets: Mrs. Tehmina Amjad Mr. Muhammad Aslam Mrs. Amna Saleem Mr. Maqsood Ahmed Khan Mr. S. Ali Raza Saeed Shah (Ex-Officio Member) Meeting started with the recitation of Holy Quran by. Mr. Bilal Maqbool, later on House offered fatiha prayers for the victims of Boja Airline crashed in Rawalpindi on 20 th April 2012, also for the father of Mr. Zafar Jamal afterward. House prayed for the effectees in Siachen at the Army Camp for the possible safe recovery. President informed the House

that a press statement was released on behalf of the business community for safe recovery of soldiers of Pakistan Army at Siachen. Soon after the proceedings started with the circulated agenda. President Mr. Jawed Akhtar Bhatti thanked all the members for their participation. Res. No.44 To confirm the Minutes of the 6 th Meeting of the Executive Committee held on 24 th March 2012 and Emergent Meeting held on 9 th April 2012. Mr. Jawed Akhtar Bhatti, President RCCI announced the agenda item number one for approval. Ch. Nadeem A. Rauf confirmed the draft of Minutes of both the meetings, which was seconded by Mr. Bilal Maqbool, later on House unanimously approved. Res. No.45 To consider the applications for the Chamber s Membership of the firms/companies mentioned in the list already provided to the members. Mr. Jawed Akhtar Bhatti presented the agenda for approval. Ch. Pervaiz Ahmed Warriach approved the said agenda point, which was seconded by Mr. Mohammad Fayyaz Qureshi, a unanimous approval was accorded by the House.

Res. No.46 To overview the activities from last Executive Committee Meeting to till date. President Mr. Jawed Akhtar Bhatti elaborated the main events during the past onemonth, few of the important, which were discussed, are as under: - Meeting with the General Manager POF Industries Wah conducted, where they expressed their interest to get rental space in Chamber to showcase their products. - Meeting with the Divisional Superintendent, Pakistan Railways Rawalpindi to discussed the problems of encroachment in RCCI Industrial Estate, Rawat. - Raja Amer Iqbal, Senior Vice President elaborated his visit to Lahore on Pak India bilateral trade and the impact of MFN on Pakistani economy. - Visit to Pakistan Institute of Vacuum Technology on 13 th April 2012 where President suggested Executive Committee Members to have maximum advantage from their facility, especially in the fields of Food and Pharmaceuticals. - President briefed abut the visit of Mr. Sjaak Vink, Country Coordinator of PUM Netherlands Senior Expert that the consultancy services may be acquired by any business entity, which is free of cost, the consultant will be required to be accommodate with the cost of stay and meal. - Senior Vice President elaborated his visit to the forum on Pak China trade relation at Pak China Friendship Center Islamabad organized by Comsats University - Presentation of economic revival program by the representatives of MQM and PML (Q) were also discussed. Res. No.47 To withdraw the OD facility of RCCI with Bank AlFalah Limited.

Mr. Jawed Akhtar Bhatti presented the agenda for approval. Discussion - Mr. Manzar Khurshid Sheikh suggested that OD facility may be retained. - Mr. Mohammad Fayyaz Qureshi inquired the annual bank charges against this facility. - Maj. (Retd.) Nouman Mahmud Khan and Raja Amer Iqbal, Senior Vice President suggested that the agenda item may be postponed to the subsequent meeting for brief discussion. President informed the House that facility has already been ceased and new facility if required at any stage may be applied with Islamic Banking as per decision of Executive Committee.

House approved to withdraw the OD facility from Bank AlFalah Limited and authorized the office bearers to retrieve all the property documents pledged with the bank and acquire resumption certificate. Res. No.48 Approval of staff matters. The President presented the cases of following employees for approval. 1. Mr. Irfan Manan Khan, Acting Secretary general 2. Ms. Afsheen Saib Kiyani, Assistant Secretary, R&D Department House approved the service contracts of both employees with 10% increase in salary: Res. No.49 Any other point with the permission of the Chair. - Mr. Mohammad Fayyaz Qureshi highlighted the problems of professional tax faced by his community. He stressed that Jewellers may not be disseminated for revenue collection and harassed by Excise Department Rawalpindi. - Vice President Ch. Iqbal Ahmed requested the House for suggestions to reduce the delegation fee for China. Mr. Mohammad Fayyaz Qureshi seconded the proposal whereas Mian Mohammad Ateeq Sheikh quoted the example of Lahore and Karachi Chamber where the fee structure is much higher. - Mr. Mohammad Imtiaz Chowdhry suggested that Official of Local Administration of Rawalpindi may be invited in Chamber to negotiate various problem faced by the business community.

- Mr. Mohammad Fayyaz Qureshi inquired the details of President recent visit to Peshawar University. - Maj. (Retd.) Nouman Mahmud Khan said that parking problems on mega events in RCCI should be addressed and planned in advance. He further suggested that the monument may be constructed for Rawalpindi. - Proposal for fee reduction was postponed to subsequent meeting for discussions. - President informed Mr. Mohammad Fayyaz Qureshi that he visited Peshawar University to gather necessary information regarding the RCCI Gems and Jewellery project. - President requested Maj. (Retd.) Nouman Mahmud Khan for identification of suitable place and design or theme for monument. Since there was no other point, the meeting was adjourned with a sentiment of thanks to the Chair.