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New taxes in Mmni-budget to increase people’s miseries & cause the economy to shrink and stagnate: RCCI

RAWALPINDI: A meeting of the Standing Committee on Tax Affairs was held at the Rawalpindi Chamber of Commerce and Industry (RCCI). The meeting expressed grave concern over the Finance Supplementary Act 2022 and the mini-budget. Chamber President Nadeem Rauf said that for the first time it has been seen that so many amendments have been made in the Supplementary Bill. ... Read More »

Vietnamese Envoy for expediting PTA, raising awareness about trade, investment opportunities

KARACHI: The Ambassador of Vietnam Nguyen Tien Phong has underscored the need to expedite work on Preferential Trade Agreement (PTA) between Pakistan and Vietnam which continues to lie on the table. “Talks were also going on for having Free Trade Agreement (FTA) between the two countries but we need to have PTA first. Of course, relevant meetings of joint trade ... Read More »

NKATI appeals Razak Dawood to continue DLTL for saving business, domestic exports

KARACHI: Faisal Moiz Khan, President North Karachi Association of trade & industry (NKATI), while expressing deep concern over the lack of clear policy regarding drawback on local taxes and levies, and has been discontinued from 1st July 2022 and all the banks will not take any documents after 1st July 2022 in this regard. Under which all banks will not ... Read More »

Country’s industry must grow on global competitive trends to boost exports: President FPCCI

ISLAMABAD: President Federation of Pakistan Chamber of Commerce and Industry (FPCCI), Irfan Iqbal  Sheikh said the country’s industrial sector has to be brought in line with the global competitive trading trends to increase production and exports. “Our major export sector needs to increase production of commercial goods in line with global competitive markets, which is Country’s industry must grow on ... Read More »

Industrialists to compile records of employees, security guards: DIG West

KARACHI: DIG West Zone Karachi, Nasir Aftab has asked the industrialists of North Karachi Industrial Area to compile the records of their employees and security guards so that the industrial area can be made crime free. In this regard, the Sindh Police will continue to take all possible measures to protect the lives and property of the industrialists. He said ... Read More »

7pc sales tax on milk products, oil seeds other essential products be withdrawn: KCCI

KARACHI: The Leadership of Businessmen Group & Karachi Chamber of Commerce & Industry (KCCI) have expressed reservations on various taxation measures taken by the federal government through Supplementary Finance Bill 2021-22 on IMF dictates which will not only have negative implications for industry and trade, but will also overburden the poor and middle-class segments due to increase in prices of ... Read More »

WTM fails to stop water leakage in the North Karachi Industrial Area

KARACHI: Faisal Moiz Khan, President, North Karachi Association of Trade & Industry (NKATI), while expressing deep concern over the while expressing concerns over non-prevention of water leakage in the industrial area and continued negligence on the part of the WTM staff of the Karachi Water & Sewerage Board, and demanded from the MD KWSB that measures should be taken to ... Read More »

RCCI ICS 2022 Chambers Summit ends on a high note

RAWALPINDI: International Chambers Summit 2022, being organized by the Rawalpindi Chamber of Commerce and Industry (RCCI) at a local hotel in Islamabad ends on an high note. At the conclusion of the International Chambers Summit, RCCI President Nadeem Rauf while giving briefing said that the business community has reservations about the mini-budget. The Prime Minister of Pakistan also attended the ... Read More »

SCCI censures govt over constraining economic policies

PESHAWAR: The Sarhad Chamber of Commerce and Industry (SCCI) took a line of opposition against the mini-budget and voiced concerns over the implementation of POS (point-of-sale) system for Tier-1 retailers and heavy Fuel Price Adjustment (FPA) charges, terming government’s policies as constraining for business. In a meeting of the executive committee of the SCCI, which met under the chairmanship of ... Read More »

ICCI for diversification of products, markets to boost exports

ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) on Monday urged the government to focus on diversification of exportable products and markets in order to boost the volume of exports, which would ensure achieving better economic growth of the country and address many economic woes. Muhammad Shakeel Munir, President, ICCI said that Pakistan was mostly relying on textiles for ... Read More »

Pakistan loses textile exports worth $250m due to gas crisis: APTMA

ISLAMABAD: Pakistan has been deprived of textile exports worth $250 million in December 2021 after gas supply was suspended to the sector in Punjab for 15 days. Executive Director All Pakistan Textile Mills Association (APTMA) Shahid Sattar confirmed the loss of millions of dollars and said that it could “never be recovered”. However, sanity prevailed in the government circles and ... Read More »

KCCI organizes Free Medical Camp

KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) in collaboration with Dr. Essa Laboratory & Diagnostic Centre, Hashmanis Group of Hospitals and Khidmat-e-Insaniyat Trust organized a Free Medical Camp at KCCI premises on Saturday which was widely attended not only by KCCI members but also by people from different walks of life. The Medical Camp comprised of numerous facilities ... Read More »

EFP seeks 180 days’ facility for exporters

KARACHI: President, Employers’ Federation of Pakistan(EFP), Ismail Suttar was disappointed by the central bank’s decision to run amok in their foreign exchange regulations without considering the repercussions of implementation. In a statement, the EFP president said that the State Bank had very recently announced a policy, which requires the exporters to bring back foreign proceeds in a maximum of 120 ... Read More »

RCCI concerns on difficulties faced by Pakistani students in continuing their education in China.

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) has shown strong concerns over the difficulties faced by Pakistani students in continuing their education in China. The educational future of more than 6,000 students is at stake If they do not go to China, the academic year of thousands of students will be wasted. This was stated by RCCI President ... Read More »

Chairman OCCI for working together to improve Oman-Pakistan trade, investment ties

KARACHI: Chairman of Oman Chamber of Commerce & Industry (OCCI) Redha Jumma Mohamed Ali Al-Saleh has said that now was the right time when Omani and Pakistani business communities have to work together, see what needs to be done and how they can improve trade and investment relations. “Oman and Pakistan have been enjoying very good relations and both countries ... Read More »

Closure of water supply halts production in SITE

KARACHI: President, SITE Association of Industry, Abdul Rasheed, in a press statement, has expressed grave concern over non-issuance of Licenses to Sub-soil water suppliers by the Karachi Water & Sewerage Board (KWSB) and has appealed the Chief Minister Sindh Syed Murad Ali Shah and Sindh Minister for Local Government Syed Nasir Hussain Shah to take notice of the situation and ... Read More »

Pakistan needs to connect with Silicon Valley: FPCCI chief

ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) newly-elected President Irfan Iqbal Sheikh has said that Pakistan needs to “connect with Silicon Valley” and that it is essential to use modern tools to tap into new markets for trade diversification. “Without re-establishing trade ties with emerging markets, including Russia, Central Asian region, Africa, Turkey, South-East Asian Nations (ASEAN) ... Read More »

CPO Sajid Kiani visits RCCI, assures all kind of support to business community

RAWALPINDI: City Police Officer, DIG Sajid Kiani visited the Rawalpindi Chamber of Commerce and Industry (RCCI) here on Monday. Addressing the meeting of traders, CPO Sajid Kayani said that the business community is the backbone of the country’s economy, Police prime job is to provide safety and service and we are answerable to the people. The number of personnel at ... Read More »

BMG, KCCI congratulate BMP Candidates on winning FPCCI’s elections

KARACHI: The leadership of Businessmen Group (BMG) and Office Bearers of Karachi Chamber of Commerce & Industry (KCCI) have congratulated the leadership of Businessmen Panel (BMP), the newly elected President FPCCI Irfan Iqbal Sheikh, Senior Vice President M. Suleman Chawla and all others on BMP’s impressive victory in the elections of Federation of Pakistan Chamber of Commerce & Industry (FPCCI). ... Read More »

Sri Lankan Trade Minister to bring delegation to Pakistan on Jan 23: CG

KARACHI: Consul General of Sri Lanka Jagath Abeywarna has said that Sri Lankan Trade Minister will be bringing a delegation comprising representatives of around 40 to 50 companies to Karachi and Islamabad on January 23, 2022 to explore more avenues of cooperation and collaboration with the business community of Pakistan. “The Sri Lankan delegation will explore possibility of enhancing trade ... Read More »