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RCCI & RWMC join hands to waste free Rawalpindi

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) and Rawalpindi Waste Management Company (RWMC) will work together to make the city clean and waste free. Both organizations will make close liaison for improving the civic life of the residents and shared suggestions and recommendations for cleanliness drives, activities and plans under Glorious Rawalpindi project. This was stated by Awais ... Read More »

PSX closes in green amid range-bound trading

KARACHI: The Pakistan Stock Exchange (PSX) ended a range-bound session on Thursday slightly positive. Foreign investors closed as net buyers for the sixth consecutive session on Wednesday with a net inflow of $1.80 million. The KSE-100 Index recorded its intraday high at 37,507.02 after gathering 340.06 points. It then slid to its intraday low at 37,130.01 after shedding 36.95 points. ... Read More »

Operational losses reduced to Rs1.5b due to day-night efforts of PIA team: CEO Arshad Malik

KARACHI: Chief Executive Officer Pakistan International Airlines (PIA) Air Marshal Arshad Mahmood Malik has said that the monthly operational losses have been reduced to Rs1.5 billion as compared to more than Rs3 billion suffered by the airline every month when he assumed charge of the national flag carrier. “The reduction in operational losses became possible only due to day-night efforts ... Read More »

IESCO CEO visits RCCI

RAWALPINDI: Chief Executive Officer IESCO Chaudhary Shahid Iqbal has said that establishment of grid station and additional feeder in Rawat Industrial Estate will be done on a priority basis. A flat tariff of Rs 11.97 per unit is being introduced to increase commercial activity and industrial production along with consumers. The tariff will be applicable to those additional units, which ... Read More »

KCCA asks members to follow Standard UoM update in WeBOC

KARACHI: Karachi Customs Agents Association (KCCA) has asked its members to follow and compliance require column through WeBOC system. A press release issued by Karachi Customs Agents Association stated that members are informed that in term of recommendation as per CGO.15/2019 Dated 13th September 2019 read with CGO. 17/2019 regarding “Standard Unit of Measurement (UoM)” the required column for the ... Read More »

Weakening law, order doubled traders’ miseries: RCCI

RAWALPINDI: The business community has expressed its deep concerns over the deteriorating law and order situation in the city besides alarming surge in incidents of robberies and dacoities. Shop locks have been broken, traders have been looted at the show market and tyre market in Ganjamundi police station area; two people were killed in a coal center at the police ... Read More »

Khawaja Jalaluddin Roomi nominated as a member of the BoD of Punjab BoI

MULTAN: Renowned Industrialist and philanthropist of South Punjab Khawaja Jalaluddin Roomi has been nominated as a member of the board of directors of Punjab Board of Investment (PBOI) by the Punjab government acknowledging his services for business community and humanity. Khawaja Jalaluddin Roomi is one of the influential businessman and industrialist of South Punjab who have been elected several times ... Read More »

Envoy asks KCCI to send business delegation to Sri Lanka

KARACHI: Consul General of Sri Lanka G. L. Gnanatheva, while suggesting numerous measures for enhancing trade and investment ties between Pakistan and Sri Lanka, asked the Karachi Chamber of Commerce & Industry (KCCI) to send a delegation to Sri Lanka to explore trade and investment opportunities, besides seek ways and means on how to improve this existing ties with the ... Read More »

RDA working hard to meet timeline of Ring Road project

RAWALPINDI: Chairman Rawalpindi Development Authority (RDA) Tariq Mehmood Murtaza has said that RDA is proactively working on meeting the timeline of 58 billion Ring Road project and added that the final plan will be finalized by next year March 2020. Lei Expressway, a 56 billion project will operate under a public-private partnership. Bab-e-Rawalpindi will be installed on the internal and ... Read More »

FEBR urges taxpayers to file returns to avoid penalties

LAHORE: Friends of Economic & Business Reforms (FEBR) has urged taxpayers to file tax returns as per schedule. A notification issued in this regard read “it is mandatory for every person registered in Punjab Revenue Authority (PRA) to file monthly sales tax return. In case of NO tax liability, nill return should be submitted. Otherwise as per law, if a ... Read More »

RCCI lauds district administration efforts in controlling dengue epidemic

RAWALPINDI: Deputy Commissioner Rawalpindi, Saifullah Dogar has said that with concrete steps and surveillance, the district administration successfully lowered the count of daily Dengue patients. As weather is becoming cold, so it was expected that it will further lowered the volume of cases, currently its 43/day in RWP. The fogging and spray will be continued even in December and January ... Read More »

Pakistan, Afghanistan together offer huge market to Japanese business community: CG

KARACHI: Consul General of Japan Toshikazu Isomura has said that Pakistan and Afghanistan together represent a huge market with a population of around 250 million which could offer a lot of trade and investment opportunities to the Japanese business community looking forward to expand businesses in this important region. “Currently, a total of 80 Japanese companies are successfully operating from ... Read More »

FTA pending at Pakistan’s MoC, waiting for response: Thai CG

KARACHI: Consul General of Thailand Thatree Chauvachata, while referring to the ongoing negotiations on Pak-Thai Free Trade Agreement (FTA), said, “The ‘ball is in Pakistan’s court’ as Thailand has already submitted a list of around 200 hundred items to be traded between the two countries under the FTA but the issue is pending at Pakistan’s Ministry of Commerce and we ... Read More »

Director Excise and Taxation visits RCCI

RAWALPINDI: The Director Excise and Taxation Muhammad Sohail Arshad has said that computerization and error free documentation of property and other business centers will help increasing tax revenues, provides better facilities to traders and improve ease of doing business. A consultative committee comprised of Chamber and Excise Department will be formed to address key issues linked with business community at ... Read More »

Agha Shahab urges local administration to expedite action against stray dogs

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan has urged the local administration to expedite the desperately needed action against thousands of stray dogs in almost all the areas of Karachi where dozens of masses, particularly kids and senior citizens, become victim of a stray dog bite each day and their hardships intensify further as ... Read More »

PHMA chairman Salamat Ali demand state bank to review export policy

FAISALABAD: To facilitate the exporters in respect to their increasing need of export refinancing, it is imperative that the State Bank of Pakistan should consider reallocation upward revision of sanction limits to the Authorized Banks.” This was stated by Chaudhry Salamat Ali, Central Chairman, Pakistan Hosiery Manufacturers & Exporters Association (PHMA). In his letter to Dr Reza Baqir, Governor, State ... Read More »

Siraj Teli advises trade & investment officers to carry out extensive study of designated countries

KARACHI: Chairman Businessmen Group (BMG) & former president Karachi Chamber of Commerce & Industry (KCCI) Siraj Kassam Teli has advised the newly appointed Trade & Investment Officers to carry out extensive study of their designated countries and this study must review the country’s specific needs and what Pakistani products can be promoted and marketed so that our exports to all ... Read More »

RCCI organizes photo walk

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) has organized a photo walk at Ayub Park here on Saturday. The major aim of this walk was to promote and highlight beautiful spots, parks, heritage, old buildings, scenery and topography of the city. Five different spots were selected for the photo walk and picture competition at Ayub Park, including Vintage ... Read More »

RCCI on promotion of regional trade

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) President Saboor has said that Central Asia is a big market and Pakistan should explore new trade avenues in this region. It is the hour of need to explore the new trade avenues, business opportunities between Pakistan and Central Asia. CPEC offers great regional connectivity and integration from South Asia, Central ... Read More »

FPCCI seeks easy access to SME financing

KARACHI: Pakistan Chambers of Commerce and Industry President Engr. Daroo Khan Achakzai urged the government to increases the SMEs financing in Pakistan which may contribute significantly in the economic and social development, employment generation and poverty alleviation of country. He added that it is worrisome that 95 percent of enterprises are SMEs in Pakistan while only 7.5 percent credit financing ... Read More »