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Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

Digital economy can create 2 million jobs in next two years: RCCI

RAWALPINDI: Digital economy in Pakistan has huge potential for creating 2 million jobs and boosting the country’s Gross Domestic Product (GDP) up to the level of $ 40 billion in next couple of years. Transformation is required to promote the Information, Communications and Technology sectors to reposition Pakistan in the digital economy. The Rawalpindi Chamber of Commerce and Industry (RCCI) ... Read More »

FPCCI chief calls for using RMB as trading currency between Pakistan, China

KARACHI: President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Engr. Daroo Khan Achakzai on Saturday underscored the need to use RMB (Renminbi is the currency of China), as trading currency between Pakistan and China and said that Currency Swap would be mutually beneficial and go a long way in strengthening economic ties between the two neighboring countries. He ... Read More »

Customs authorities carrying out multiple checking of imported goods

LAHORE: Traders of Progressive Group (TPG) has drawn attention of the Lahore Chamber of Commerce and Industry President Irfan Iqbal Sheikh, what it said unjustified checking of imported goods by the customs authorities during transportation and impounding imported items after breaking locks of closed shops at night. It urged the LCCI chief to take up the issue with the authorities ... Read More »

Modern technology being used to prevent crimes: RPO Sohail Habib Tajik

RAWALPINDI: Regional Police Officer Rawalpindi (RPO) Sohail Habib Tajik has said that modern technology is being used to prevent crime in the city. CCTV monitoring systems are being introduced to key business center and hot spots in the light of Safe City. In addition, an emergency call button will be set up at each business center so that any businessman ... Read More »

Morad Nemati underscores the need to bring down custom duties to encourage legal trade

KARACHI: Leader of the Iranian Delegation Morad Nemati has said that in order to improve the trade relations between Pakistan and Iran, it was really essential that steps have to be taken to deal with the barriers hindering smooth trade between the two brotherly countries while the high Custom Duties need to be brought down to encourage legal trade and ... Read More »

Low cotton productions to affect textile exports: Agha Shahab

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan has said that keeping in view the projections of US Food & Drug Administration (FDA) and other independent estimates, Pakistan’s cotton production was likely to descend further by around 19 percent to somewhere close to 8 million cotton bales during FY20 which would terribly affect the exports ... Read More »

RCCI shows concerns on raids at business centers

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) has expressed deep concern over raids at business centers. The raids and actions by customs officials should be stopped at business centers on the account of anti-smuggling drive. There is a need to strengthen monitoring system on the borders to prevent smuggling. RCCI Acting President Nosherwan Khalil Khan said in a ... Read More »

Pak-UK Business Conference concludes on a high note

RAWALPINDI: The Rawalpindi Chamber of Commerce (RCCI) organized third Pak-UK Trade and Investment Conference in the UK city of Birmingham. Addressing the concluding session of the conference, President RCCI Saboor Malik, said that both Pakistan and UK has historical relations and our relations are based on mutual respect. The major aim of this conference was to attract foreign direct investment ... Read More »

Sajid Aziz Meer, Mirza Qasim Baig elected president & general secretary of LCAA

LAHORE: Lahore Customs Agents Association (LCAA) issued notification declaring results of elections of office-bearers. According to the notification issued by Chairman Election Commission Mian Ziaul Qayyum, following members are elected as office-bearers of the Association:- Sajid Aziz Meer of M/s Meer Brothers International as president Farooq Hassan of M/s Ports Way as senior vice-president Abdul Sattar Gujjar of M/s Sheen ... Read More »

K.K. Ahsan for promoting direct trade between Pakistan, Muscat

KARACHI: Pakistan’s Ambassador-designate to Muscat K.K. Ahsan Wagan has assured that it will be his top most priority to promote direct trade and commercial relations between Pakistan and Muscat as it has been observed that most of the Pakistani products were usually landing in the Muscat’s market via Dubai. Exchanging views with Senior Vice President KCCI Arshad Islam during his ... Read More »

Kuwait ready to ease business visa: Consul-General

KARACHI: Consul General of Kuwait Salem Yousif Al-Hamdan has said that in order to further discuss and devise strategies for easing the issuance of business visas, the Kuwaiti Interior Ministry was ready to hold negotiations and in this regard, Pakistan’s Ministry of Interior had been approached quite some time ago but unfortunately they have not received any response from them ... Read More »

Country heading towards prosperity & progress

RAWALPINDI: Minister Railways Sheikh Rasheed Ahmed has said that the country’s economic indicators are positive. Global institutes have acknowledged the improvement of the Pakistani economy. Five major institutions, including the IMF, Moody’s, World Bank, Islamic Bank, Asian Development Bank etc, praised the steps taken by the Government of Pakistan for economic stability. The Lei expressway and the ring road are ... Read More »

Trade fairs, exhibitions mean business for the country: LCCI

LAHORE: Trade Fairs and Exhibitions should be used as a tool for the growth of Pakistan’s exports. The government should support private sector for organizing trade fairs and exhibitions in the country. LCCI President Irfan Iqbal Sheikh said that trade fairs and exhibitions mean introduction of vendors to buyers which pave way for collaborations, jack up exports and bring much-needed ... Read More »

Govt urged to exempt investors from customs duty, income tax in SEZs

LAHORE: The government should exempt the factory owners and investors from Customs Duty and Income tax for the period of ten year. The Punjab government has already declared two industrial estates Vehari and Rahim Yar Khan both in south Punjab as special economic zones.  These economic zones can turn around the lives of people living in these areas as to ... Read More »

FBR urged to defer installation of Electronic Device System at malls

LAHORE: Progressive Group, a representative platform of traders and industrialists, has urged the Federal Board of Revenue (FBR) to defer the plan of installation of Electronic Device System (EDS) in mega malls, chain stores, cafes and restaurants by at least one year. Talking with media, Progressive Group’s President Khalid Usman, Vice President Muhammad Arshad Chaudhry and Deputy Secretary Muhammad Ejaz ... Read More »

LCCI for single digit markup

LAHORE: The Lahore Chamber of Commerce & Industry has urged the State Bank of Pakistan (SBP) to bring down the markup rate to single digit in the larger interest of trade, industry and economy.  In a statement, LCCI President Irfan Iqbal Sheikh said that reduction in markup rate from existing 13.25% to single digit would be a great favor to ... Read More »

Businessmen condemns delay as ST refunds reach Rs.350b

LAHORE: The businessmen panel of the Federation of Pakistan Chambers of Commerce & Industry has condemned the delaying tactics of the government in refund cases, as only sales tax refund claims have touched the figure of about Rs.350 billion. In a statement BMP Chairman Mian Anjum Nisar said that contrary to the claim of the government to release sales tax ... Read More »

LCAA to hold emergency meeting tomorrow

LAHORE: Lahore Customs Agents Association (LCAA) President Agha Iftikhar Ahmad summoned emergency meeting of all office-bearers and members tomorrow (Friday). According to a press release, the meeting will be held on November 29, 2019 at Association Hall of Mughalpura Dryport at 3 pm. The press release further stated that during the meeting all issues related to Collectorate of Customs Appraisement ... Read More »

Siraj Teli appreciates CM for constituting taskforce to control narcotics

KARACHI: Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) Siraj Kassam Teli has appreciated Chief Minister Sindh Syed Murad Ali Shah for constituting a high-powered taskforce to control penetration of narcotics into cities, particularly the educational institutions to save future generations from the menace. In a statement issued, Siraj Teli, while expressing deep concerns ... Read More »

Minister SAFRON and anti-narcotics visits RCCI

RAWALPINDI: Minister of State for States and Frontier Regions (SAFRON) and Narcotics Control, Shehryar Khan Afridi, has said that his Ministry is going to launch a mobile phone application called Zindagi to make people aware of all sorts of drugs. He said the ministry has also launched a global data bank of criminals involved in narcotics trade and money laundering ... Read More »