The PIAF is now the most effective voice of the business community after Lahore Chamber of commerce & Industry, was founded in early, 1995 by a group deicated and young.businessman representing various Industrial and Trade Associations. The PIAF has successfully and gradually established itself as an effective business forum and invited businessmen from all walks of life to join them and Project their point of view .Mian Shafqat Ali was the founding Chairman of the PIAF then charge was given to Mian Anjum Nisar after two years reins were handed over to Sh.Mohammad Arshad and the next Chairman was Mohammad Ali Mian who recently charge to Mian Abuzar Shad. The PIAF has the credit that its all the former four chairman are quite active on business frunt.Mian Anjum Nisar was the first LCCI President who from PIAF, while Mian Shafqat Ali, the Founding Father of PIAF is also the 2nd President of this Premier Chamber of the Country.