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Tag Archives: business community

Business community pins hope on CBCA to curb smuggling in Zimbabwe

HARARE: The business community is pinning its hopes on the Consignment Based Conformity Assessment (CBCA) programme saying that it would curb smuggling and influx of cheap goods into the country and pave way for local products to be competitive. CBCA is a government initiative to curb the continuous influx of sub-standard products in the country which is expected to begin ... Read More »

South Korea downgrades growth forecast

SOUTH KOREA: South Korea, the world’s 4th largest economy has decided to cut its growth forecasts for the following and coming year in in order to protect and guard consumers and business sentiment. The Ministry of Strategy and Finance said on Monday the economy would now grow by 3.4% this year, down from the 3.7% it forecast in July. Growth ... Read More »

PTI’s shut call reviewed: Traders want ‘politics’ not to hamper businesses

LAHORE: The business community has declared that they will keep their businesses open on December 4 and urged politicians to resolve the political standoff through negotiations and avoid sit-ins and demonstrations to ensure smooth running businesses. As per details, the Lahore Chamber of Commerce and Industry and All Pakistan Anjuman-e-Tajiran (APAT) held meetings to review the call of PTI Chief ... Read More »

FPCCI flays fragile business environment

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Acting President Shaukat Ahmed has expressed the concerns of business community over the prevailing fragile business environment, which is impeding investment in the country. He said that the business community of Pakistan was suffering due to the repercussion of the current law and order situation including sit-ins in Islamabad. Ahmed ... Read More »

6.86pc overall decline: Textile exports fall 1.54pc to $4.6b against $4.7b

ISLAMABAD: Crippling energy crisis and uncertain political scenario pushed the country’s textile exports by 1.54 percent during July-October (Four months) of the financial year 2014-15. The textile exports stood at $4.6 billion during July-October 2014-2015 as against $4.7 billion in the corresponding period last year, showing a decline of 1.54 percent, according to the Pakistan Bureau of Statistics (PBS). After ... Read More »

Mian Anjum calls for early construction of Kalabagh Dam

LAHORE: Decision of continuous electricity supply to the industrial sector would not only give breathing space to the industry but would also increase GDP and national exports. This was stated by the candidate for FPCCI President Mian Anjum Nisar while talking to a delegation of industrialists here on Tuesday. He said that decision would go a long way for revival ... Read More »

Hire private guards: Top cop excuses from security to shopping mall, outlets as RCCI delegates meet him

RAWALPINDI: What is being described as inability to provide security to the business community, the city police asked the traders to hire private security guards for security of shopping malls and other business outlets. “We have limited resources and with such a meager wherewithal the police are not in a position to guard the business houses and shopping malls,” declared ... Read More »

WB backs Punjab to train more than 29.16m labour force

LAHORE: The World Bank (WB) has been extending all-out support to Punjab for strengthening training system and produce skilled labour force in various sectors to cater to the needs of growing industry. These views were expressed by World Bank Senior Education Specialist, Human Development Unit for South Asian Region Ms Scherezad J Monami Latif while talking to LCCI President Ijaz ... Read More »

Tax collection target

The year book 2013-14 issued by the Federal Bureau of Revenue (FBR) shows four percent growth in development and tax collection, but recorded a shortfall of Rs 209 billion in its revenue target set for the specified year. The FBR had collected Rs 2,266 billion during the previous year against a target of Rs 2,475 billion, falling short of Rs ... Read More »

New Islamabad airport to be functional by Oct 2016

ISLAMABAD: New Islamabad International Airport (NIIA) will to operational by October 2016. Talking to a delegation of Islamabad Chamber of Commerce and Industry (ICCI) led by its President Muzzamil Hussain Sabri, NIIA Project Director Pervez Hayat Khan claimed that 95 percent work of NIIA project had been completed. He informed that the airport was a state-of-the-art facility with three times ... Read More »

SRO 608: Punjab chambers in unison against tax at retail level

LAHORE: All major chambers and industrial representative bodies of Punjab, through a unanimous resolution, have pledged to fight against taxation at retail level, calling for immediate withdrawal of SRO 608 and extension in tax returns filing date. The resolution was adopted at a meeting convened by the Lahore Chamber of Commerce & Industry. The meeting was convened to discuss Tax ... Read More »

FPCCI chief urges boost in trade between Afghanistan and Pakistan

KARACHI: President FPCCI and ECO Chamber of Commerce and Industry, Zakaria Usman, has called for the removal of non-tariff barriers (NTBs) and other obstacles to increase trade and economic cooperation between Pakistan and Afghanistan. He also suggested the formation of a Customs Union between the two countries to remove all in complications in Afghan-Pakistan Transit Trade Agreement (APTTA) can be ... Read More »

FBR’s sale monitoring devices: Businessmen ask Dar to intervene

ISLAMABAD: Islamabad Chamber of Commerce & Industry (ICCI) has urged Federal Finance Minister Ishaq Dar to take immediate action against the installation of devices at business premises to monitor sales in the federal capital. Federal Board of Revenue (FBR) has installed computer chips at the sale counters, especially of restaurants and bakers to monitor their sales. The Islamabad business community ... Read More »

Nobody will be allowed to play havoc with FPCCI: Iftikhar

LAHORE: SAARC Chamber of Commerce & Industry Vice President and United Business Forum (UBF) Chairman Iftikhar Ali Malik has said that nobody will be allowed to play havoc with the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) that is the largest platform of the business community. He expressed these views while addressing the FPCCI Executive Committee meeting, in ... Read More »

KCCI asks FBR to simplify income tax returns filing procedure

KARACHI: Local industrialists and businessmen have urged Federal Board of Revenue (FBR) to further make easier new rules of filing income tax returns to enhance tax base of the country. Karachi Chamber of Commerce and Industry (KCCI) President Abdullah Zaki, in a statement, demanded that the status quo should be restored to tax year 2013 in order to ensure smooth ... Read More »

Industrialists demand shipping lines’ offices at dry ports

LAHORE: The shipping companies have been urged by the Punjab business community to open their offices in the cities having dry ports, so that the process of import and export could be carried out without any delay. According to a clearing and forwarding agent, Sheikh Ejaz, most of the imports are done through the seaports and then dispatched to other ... Read More »

FBR sets up 200 centres to facilitate taxpayers

ISLAMABAD: The Federal Board of Revenue has established 200 tax facilitation kiosks to facilitate the business community in filing of income tax returns. The centres have been established at important business centres, shopping malls, offices of traders’ associations and chambers of commerce and industry, national and provincial assemblies buildings, federal secretariat, civil secretariats in all the provincial capitals, press clubs ... Read More »

PIAF vows to undo anti-business SROs

LAHORE: The Pakistan Industrial and Traders Associations Front (PIAF)-Founders Alliance will gear up efforts for withdrawal of all anti-business SROs like the way it has done in the past. This was stated by the alliance leaders while addressing the business gatherings on Hall Road, Chamberlane Road, Rexine Market here during elections campaign. Speakers including Mian Anjum Nisar, Sheikh Muhammad Asif ... Read More »

FCCI underlines collaborative efforts for Punjab industrial uplift

FAISALABAD: The Faisalabad Chamber of Commerce and Industry (FCCI) has stressed the need for cooperation among the business community, the Punjab government and USAID to promote trade and industry in the province. Addressing a USAID delegation on the Punjab Enabling Environment Project (PEEP), FCCI President Engineer Suhail Bin Rashid underlined the importance of small and medium entrepreneurs in the overall ... Read More »

FCCI sees benefits in unity of business community

FAISALABAD: Faisalabad Chamber of Commerce and Industry (FCCI) President Engineer Suhail Bin Rashid has expressed the hope that 5th All Pakistan Chambers’ Presidents Conference (APCPC) held at GCCI, was a major step towards promotion of unity among the business community across the country. Bin Rashid pointed out that the cohesion among the business community would not only help the government ... Read More »