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Trade Associations

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

Funds available in PD account of traders can be utilized for upfront payment of duty, taxes: KCAA  

KARACHI: Karachi Customs Agents Association (KCAA) announced that due to hard work and assiduous efforts of KCAA, a long outstanding issue which became a hindrance between customs agents and traders regarding upfront payment of duty and taxes from PD account of traders which eliminates the role of custom agent from the Goods Declaration (GDs) has now been resolved. KCAA initiated ... Read More »

RCCI stresses for promotion of regional trade

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) President Malik Shahid Saleem 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 ... Read More »

APTMA seeks immediate measures to boost exports

KARACHI: Pakistan’s economy is facing worst conditions and the government should take immediate measures to boost exports. Zahid Mazhar, chairman of All Pakistan Textile Mills Association (APTMA) Sindh-Balochistan Region, said that enhance in exports will not only help reduce massive fiscal and current account deficits, but also curtail rising trade deficit gap, unprecedented devaluation of the rupee, highest discount rate ... Read More »

FBR chairman urged to take steps to curb tyre smuggling

LAHORE: A local tyre manufacturer has requested the FBR chairman to take measures to curb smuggling of tyres into Pakistan which is eating up precious government revenues and foreign exchange. In a letter to the chairman FBR, Hussain Kuli Khan stated that today many local industries have either shut down or moved out because of this illicit trade, which resulted ... Read More »

ICCI delegation visits Spain to explore business opportunities

ISLAMABAD: A seven-member delegation of Islamabad Chamber of Commerce & Industry led by Muhammad Naveed Malik, former Senior Vice President ICCI visited Spain to explore opportunities for promoting bilateral trade and economic relations between Pakistan and Spain. Asher Hafeez, M. Ashfaq Hussain Chatha, Tahir Ayub, Muhammad Faheem Khan, Ms. Nasira Ali and Ms. Ayesha Khan were in the delegation. The ... Read More »

Aptma urges govt to withdraw ST on cotton, PSF import

LAHORE: The All Pakistan Textile Mills Association (APTMA) has urged the Adviser to the Prime Minister on Commerce Textile Industry & Production and Investment Abdul Razak Dawood to withdraw custom duty and sales tax on the import of cotton and polyester staple fibre (PSF) with immediate effect to enable the industry and its dependent value chain to remain competitive in ... Read More »

CDA Union to cooperate in resolving issues of business community

ISLAMABAD: A delegation of CDA Mazdoor Union led by its Secretary General Ch. Muhammad Yasin visited Islamabad Chamber of Commerce and Industry to congratulate the new office bearers of ICCI and assured to cooperate with Chamber in resolving the CDA related issues of business community. Addressing the delegation, Ahmed Hassan Moughal, President, Islamabad Chamber of Commerce and Industry said that ... Read More »

Govt asked to resolve issue of textile machinery containers stuck up at Karachi Port

LAHORE: Hosiery manufacturers have asked the caretaker government to resolve the issue of textile machinery containers stuck up at Karachi Port. Pakistan Hosiery Manufacturers & Exporters Association (PHMA) Central Chairman Dr Khurram Anwar Khawaja said that hundreds of containers of state of the art textile machinery worth hundreds of millions of rupees have been stuck up at Karachi Port, as ... Read More »

Pakistan’s industrial sector requires 2 million skilled labour by 2022

ISLAMABAD: Pakistan’s industrial sector would require over 2 million skilled work force by 2022 as there will be higher growth in employment in 2017-22 has been forecast due to swift changes in consumer preferences and penetration of organized furnishing services. The acute shortage of skilled workforce badly hampering the local export, particularly the furniture and furnishings products, said , said ... Read More »

Leather industry seeks release of Rs450m tax refund

LAHORE: A large number of duty drawback claims of exporters are stuck with the Customs Collectorate for shipments of leather through the Lahore airport, which has not been cleared despite several meetings with the collector, said Pakistan Tanners Association (PTA) Export Committee Chairman Anjum Zafar in a statement. Unavailability of the cheque-signing authority at the collectorate caused delay in the ... Read More »

Govt asked to withdraw cotton import duties

KARACHI: The Karachi Cotton Association (KCA) has asked the government to withdraw duty and taxes on cotton imports because of expected short crop which will leave a huge gap of around four million bales between demand and supply. The caretaker government had imposed a 3 per cent customs duty, 2pc additional customs duty, 5pc sales tax and 1pc income tax ... Read More »

Aptma demands zero-rating facility for machinery imports

LAHORE: The All Pakistan Textile Mills Association (Aptma) urged the caretaker government on Tuesday to immediately notify zero rating facility of sales tax on import of machinery. The request from the textile association came as 200 containers are stranded at customs ports and incurring unjust demurrages. “The facility had expired on June 30 and the machinery imported for BMR and ... Read More »

PIAF welcomes Rs10b relief through cut in oil prices

LAHORE: Pakistan Industrial and Traders Associations Front (PIAF) Chairman Irfan Iqbal Shiekh has appreciated the caretaker government for reducing the prices of petroleum products by lowering the general sales tax on directives of the Supreme Court of Pakistan (SC). While issuing a press statement along with Senior Vice Chairman Tanvir A Sufi and Vice Chairman Shahzeb Akram, PIAF chairman said ... Read More »

PTA flays Customs over ‘misuse’ of SRO

LAHORE: Pakistan Tanners Association (PTA) has criticised Customs for putting the imported basic raw materials in quarantine list through a SRO, which was mainly for the food items. PTA Chairmnan Amanullah Aftab termed it irrational condition for the industry. The real spirit of the SRO was to get all food stuff quarantined at the import stage from world into Pakistan ... Read More »

HCCI’s 4th industrial carnival kicks off

HYDERABAD: The 4th industrial carnival of Hyderabad Chamber of Commerce and Industry began on Friday night here at SITE as President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Zubair Tufail formally inaugurated the event. The carnival- comprised of around 130 stalls of local and national companies and industrial units as well as food court, entertainment and recreational facilities ... Read More »

Release of all pending sales tax refund claims lauded

KARACHI: The Pakistan Apparel Forum (PAF) has welcomed the release of all pending sales tax refund claims up to the value of Rs1 million whose Refund Payment Orders (RPOs) had been sanctioned till April 30, 2017. PAF Chairman Muhammad Jawed Bilwani voiced hope that following the release of stuck sales tax refund claims, the country’s exports were likely to pick ... Read More »

Govt urged to ban imports through third country

KARACHI: The Korangi Association of Trade and Industry (KATI) said that government should restrict import via third country and instead encourage direct imports from a country of origin. Exporters have urged the government to ban imports through third country as this is promoting smuggling, under-invoicing and causing injury to the domestic industry. They said there had been a rapid increase ... Read More »

Aptma announces to shut mills in protest

LAHORE: All Pakistan Textile Mills Association (Aptma) has decided to keep all the mills shut next week in protest, as the government is not providing the incentives that were promised to the industrialists. Aptma Chairman Aamir Fiaz expressed his views in a press conference and said the trade deficit has reached the highest level in country’s history due to poor ... Read More »

FBR urged to take action against facilitators of smugglers

LAHORE: Pakistan FMCG Importers Association has urged the Federal Board of Revenue (FBR) to take action against the facilitators of smugglers who are not only hurting legal importers, local industry but also depriving the national exchequer from duties and taxes. In a statement, Pakistan FMCG Importers Association’s chairman and former Karachi Chamber president Anjum Nisar and Secretary General Ali Mattoo ... Read More »

Yarn merchants reject 5% regulatory duty

  KARACHI: The yarn merchants have rejected the government’s proposed 5 percent regulatory duty on import of synthetic filament yarn of polyester. Pakistan Yarn Merchants Association (Sindh-Balochistan Zone) Chairman Danish Hanif, in a statement, said that duty on polyester filament yarn, which is the basic raw material for fabric industry, was already higher therefore another 5 percent Regulatory Duty was ... Read More »