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PYMA urged govt to allow duty-free yarn import from India

KARACHI: Hanif Lakhany, Senior Vice Chairman Pakistan Yarn Merchants Association(PYMA) and Vice Chairman Farhan Ashrafi, has expressed deep concern over the unavailability of cotton yarn and the price reaching an all-time high, asked the government to immediately allow duty-free import of yarn & cotton from other countries, including India to save the textile industry from collapse and the export orders ... Read More »

Speakers at RCCI VITF urge to revive SAARC

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) organized Virtual International Trade Forum (Chapter SAARC) here. The purpose of the trade forum was to make the business community aware of trade and export opportunities in SAARC countries. The forum was attended by President Mohammad Nasir Mirza, Senior Vice President Osman Ashraf, Vice President Shahraiz A Malik, Chairman regional trade ... Read More »

FPCCI signs partnership accord with Greater Manchester Chamber of Commerce

LAHORE: The Pak-UK Business Council of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) had signed a partnership agreement with Greater Manchester Chambers of Commerce, which has over 5,000 registered British businesses based in the Greater Manchester region of UK. Speaking at the virtual meeting, Pak-UK Business Council Chairman Imran Khalil Naseer briefed the participants on the benefits ... Read More »

Bangladesh HC visits RCCI, assure full cooperation for promoting bilateral trade ties

RAWALPINDI:  High Commissioner of Bangladesh H.E. Ruhul Alam Siddique  visited the Rawalpindi Chamber of Commerce and Industry (RCCI) here on Tuesday. President Mohamamd Nasir Mirza, Senior Vice President Osman Ashraf, Vice President Shahraiz A Malik, former presidents, members of the executive committee and chamber members were also present on the occasion. Talking to the President of the Chamber Nasir Mirza, ... Read More »

RCCI Build 2021 and Construction Trade Fair ends on a high note

RAWALPINDI: The first Build 2021 and Construction Trade Fair being organized by the Rawalpindi Chamber of Commerce and Industry (RCCI) ended on a high note at Topi Rakh Complex Ayub Park Rawalpindi. On the third day of Expo, High Commissioner of Sri Lanka Vice Admiral Mohan Wijewickrama and South African High Commissioner Mthuthuzeli Madikiza visited different stalls and appreciated the ... Read More »

KCCI terms Pakistan-Qatar LNG deal as ‘wonderful achievement’

KARACHI: Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) Zubair Motiwala, while terming the signing of a long-term LNG supply contract between Pakistan and Qatar as ‘wonderful achievement’, stated that KCCI and all its affiliated trade bodies warmly welcome and highly appreciate the deal between Pakistan and Qatar which was the result of joint ... Read More »

Envoys lauds RCCI efforts and took keen interest in Build 2021 Expo & Construction Trade Fair

RAWALPINDI: A large number of ambassadors, High Commissioners, Commercial Counselors and diplomats visited the Build 2021 Expo and Construction Trade Fair organized by the Rawalpindi Chamber of Commerce and Industry (RCCI) at Topi Rakh Complex Ayub Park Rawalpindi. Ambassador of Denmark in Pakistan, Lis Rosenholm in her tweet appreciated RCCI for its efforts for promoting trade activities and organizing exhibitions. ... Read More »

Railway Minister Azam Swati inaugurates RCCI Build 2021 Expo

RAWALPINDI: Railway lands across the country will be brought into use in collaboration with the private sector. The construction industry will develop very soon. If the country’s economy is further strengthened, employment opportunities will be created. The Chamber of Commerce will have the full support of the government. He said that exhibitions increase trade activities. The Rawalpindi Chamber of Commerce ... Read More »

66pc of vehicle thieves/ snatchers acquitted; laws be made more stringent: SSP AVLC

KARACHI: SSP Anti-Vehicle Lifting Cell (AVLC) Rao Muhammad Arif Aslam has stressed that the relevant laws, punishments and fines for vehicles’ theft or snatching need to be made more stringent as statistics indicate that 66 percent of the culprits have been acquitted while the remaining 34 percent were convicted by the honorable courts. “Almost all the acquitted get back on ... Read More »

Dire needs of social security laws’ revision: NKATI

KARACHI: Faisal Moiz Khan, President North Karachi Association of Trade & Industry (NKATI), has said that the industrialists of North Karachi Industrial Area are playing their important role in the economic development of Pakistan but unfortunately the industrialists of this industrial area have been left helpless. Speaking at a seminar organized at North Karachi Association of Trade & Industry (NKATI) ... Read More »

KCCI urges NEPRA to declare KE’s plea as ‘infructuous’

KARACHI: Senior Vice President Karachi Chamber of Commerce & Industry Saqib Goodluck, while referring to NEPRA’s public hearing on Fuel Cost Adjustment (FCA) and Quarterly Tariff Adjustment (QTA), urged NEPRA to declare K-Electric’s plea as ‘infructuous’ and reject it immediately while the Gas Infrastructure Development Cess (GIDC), instead of being imposed on consumers, should be made part of the subsidy ... Read More »

PTBA asks FBR stop interfering judicial function of Commissioner Appeals

ISLAMABAD: Pakistan Tax Bar Association (PTBA) has urged the Federal Board of Revenue (FBR) to stop interference in judicial function of Commissioner Appeals. In a letter to FBR Chairman Muhammad Javed Ghani on Tuesday, the PTBA while referring to the instructions by the Legal Wing of the FBR to Commissioners Appeals, expressed serious concerns in interference in the judicial independence ... Read More »

Majority banks to start processing foreign exchange digitally by February end: Ashraf Khan

KARACHI: Managing Director of State Bank of Pakistan’s Banking Services Corporation Muhammad Ashraf Khan has said that digitalization of foreign exchange, which started in March 2020, has been expanded from 8 to 13 banks and majority of the banks will be processing 88 percent of foreign exchange digitally by the end of February 2021 and 98 percent by April whereas ... Read More »

QCCI seeks immediate release of pistachio consignments

QUETTA: Quetta Chamber of Commerce and Industry (QCCI) noted the Local Valuation Committee of Model Customs Collectorate (MCC), Quetta, in consultation with the DG of Customs (Valuation), Custom House, Karachi, had determined the Custom Value of Pistachio and Pistachio Shelled imported via land routes from Iran through Taftan. The said ruling contained the details/rationale for determining the different custom value ... Read More »

RCCI to organize Build Expo and Construction trade fair on February 26

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) is organizing the first Build 2021 Construction Trade Fair from February 26 to 28 at Topi Rakh Ayub Park. Construction and Developers  affiliates and companies will set up stalls. RCCI President Mohammad Nasir Mirza in a statement said that more than 40 industries are connected with the construction sector. The Chamber ... Read More »

RCCI president inaugurates furniture and living expo

RAWALPINDI: The furniture sector is playing an important role in boosting the country’s exports. Being part of Small and Medium Enterprise (SME) it served as a backbone of the economy.  Inaugurating the Furniture and living Expo in Islamabad, The Rawalpindi Chamber of Commerce and Industry (RCCI) President Nasir Mirza said that such exhibitions should be held continuously to attract investors ... Read More »

South Africa keen to strengthen trade ties with Pakistan: HC

RAWALPINDI: South Africa High Commissioner Methuthuzeli Madikiza has said that South Africa considers Pakistan an important market for trade cooperation and is keen to further enhance bilateral trade with it as the two countries have good potential for trade in many areas. Pakistan is the 14th big exporter to South Africa. He said that the trade relations between the two ... Read More »

KISMA’s viewpoint on tax-related issues to be incorporated in KCCI’s Budget Proposals 2021-22

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) M. Shariq Vohra has assured members of KISMA delegation that the Karachi Chamber, in KCCI’s Proposals for Federal Budget 2021-22, will certainly be highlighting the issues pertaining to higher Regulatory Duty, Customs Duty & Additional Customs Duty, Further Sales Tax, CNIC condition and other critical taxation issues being faced not only ... Read More »

US delegation visits LCCI

LAHORE – Business delegation from United States, led by Aisha Khan, visited Lahore Chamber of Commerce & Industry on Monday.  LCCI President Mian Tariq Misbah, Vice President Tahir Manzoor Chaudhry and former LCCI President Sohail Lashari were present on the occasion. Aisha Khan said that bringing Pak-US businessmen closer was her top priority. “It would be honor for us to ... Read More »

Motiwala irked over traffic management plan for PSL6, demands not to block Stadium Road

KARACHI: Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) M. Zubair Motiwala, while expressing sheer dissatisfaction over the arrangements made to secure the National Stadium during PSL6, stated that the return of cricket in metropolis has become the biggest source of nuisance for Karachiites nowadays as more than half of the city’s population suffers ... Read More »