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Introduction
Chamber of commerce and industry is a voluntary non-trading association of persons who are directly or indirectly connected with commerce and industry. Its purpose is to promote trade and business and protect the business interest of its members. Thus, only the businessmen, industrialists, bankers and professional men like accountants, auditors are entitled to be members of the Chamber of Commerce. The Chamber of Commerce is organized on regional basis. The businessmen of a particular area form such organization e.g. Karachi Chamber of Commerce, ahore Chamber of Commerce, !eshawar Chamber of Commerce. Chamber of Commerce may be formed under Companies "rdinance as a #oint $tock Company or under Trade %nion &ct. %sually, the liability of the members is limited by guarantee. The members pay an annual fee to the Chamber of Commerce. 'enerally Chamber of Commerce and Industry is governed by a board of directors and a president. The board appoints a secretary who is responsible for discharging all the work of the organization. (e formulates the program, holds the meeting and manages the office.