ISLAMABAD: Islamabad Chamber of Commerce and Industries (ICCI) on Monday urged the businessmen to ensure strict compliance of anti-corruption laws to grow fast in business in the current international scenario. “The companies that were not complying with anti-corruption laws were being penalised heavily,” said ICCI Senior Vice President Sheikh Pervez Ahmed while speaking in a training program on anti-corruption to create awareness in the business community about importance of complying with anti-corruption laws to succeed in business. The training program was organised by ICCI in collaboration with Center for International Private Enterprise (CIPE). Citing a recent example of one of the world`s largest computer equipment manufacturer and supplier, ICCI senior vice president Hewlett-Packard said that due to this phenomenon, HP was barred to sell in Canada for 10 years, which caused HP a loss US$37 million (Rs. 37.6 Billion) per year. It showed that eventually, non-compliant companies would be at great loss of business. He said that compliance of anti-corruption laws would enable Pakistani businesses to improve branding of their products and get better market share in national and international markets. Earlier, CIPE Program Officer Muhammad TalibUz Zaman gave a detailed presentation to the business community on the compliance of anti-corruption standards. It was highlighted that the economy of Pakistan was suffering a daily loss of Rs.10-15 billion due to corruption while the corruption had caused a loss of US$ 94 billion to Pakistan. It was pointed out that corruption was giving rise to many ills in the country which included creation of inefficiencies in public and private sector organisations and promotion of bad systems. Private gains, lack of sound controls, weak enforcement of rules and laws etc were highlighted as the major motivators of corruption.