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Tag Archives: Businessmen

Syrian, Russian businessmen discuss ways to enhance bilateral trade

DAMASCUS: Syrian and Russian businessmen discussed methods of enhancing trade exchange as well as economic cooperation between both the countries. The Russian delegation, visiting Syria, comprised representatives of different companies. During the meeting, Deputy Minister of Economy and Foreign Trade Abdul Salam Ali, stressed that the ministry aims at boosting the Syrian-Russian trade ties through expanding trade exchange to cover ... Read More »

ECC okays inland container terminal in Sialkot under Customs Act, 1969

ISLAMABAD: The Economic Coordination Committee (ECC) Saturday approved the establishment of an inland container terminal in Sialkot under the Customs Act, 1969. The addition of this terminal is expected to facilitate exporters and also improve services by encouraging healthy competition in the area. Businessmen have welcomed the move.     Read More »

Trade volume remained $215m: Envoy invites Pak traders to benefit from Belarus ideal location

ISLAMABAD: Belarus has signed a customs union agreement with Russia and Kazakhstan and Pakistani exporters could use to get free access to these countries by promoting exports with Belarus as both the countries possess great potential to enhance bilateral trade. Belarusian Ambassador Dr Andrei M Ermolovich stated this while speaking to businessmen during his visit to Islamabad Chamber of Commerce ... Read More »

Weary of sit-ins induced-losses: Traders want ban on protests

ISLAMABAD: weary of the long protests and sit-ins and subsequent losses, the traders of the federal capital have emphasized on the government settle all political issues through and put a complete ban on political protests in the federal capital to avoid any hindrance to their businesses. It is to be noted that the local traders and businessmen have been bearing ... Read More »

Australia set to cut 5pc tariff on Pakistani textile

KARACHI: With a view to help Pakistan balance its trade, the Australian government will slash import tariff on Pakistani textile to a maximum of five percent. Australian High Commissioner to Pakistan Peter Heyward revealed while addressing the annual dinner of Pakistan Australia Business Forum (PABF). He reiterated the Australian government’s resolve to facilitate Pakistan by slashing tariff on import of ... Read More »

Karachi Commissioner vows to solve problems of exporters

KARACHI: “Trade Development Association of Pakistan (TDAP) will be asked to solve difficulties faced by Karachi-based business community engaged in export trade,” said Commissioner Karachi, Shoaib Ahmad Siddiqui while talking to the local exporters. While talking to a delegation of businessmen, Siddiqui said proper understanding about issues and coordinated efforts could help raise industrial output.  They can help increase exports ... Read More »

After Gwadar Port

Energy crisis, political impasse and regional instability are a few factors which have increased economic woes of Pakistan but Chinese Ambassador Sun Weidong’s statement that the days are not far off when Gwadar will bustle as the busiest port in the region gives Pakistanis a hope of a bright future. According to the ambassador,the mega projects such as Gwadar Port ... Read More »

PCDMA asks FBR to end ‘audit discrimination’

KARACHI: Pakistan Chemicals & Dyes Merchants Association (PCDMA) has urged Federal Board of Revenue to end discrimination among commercial importers for audit through random computer balloting. PCDMA Chairman Muhammad Haroon Nisar Numberdar, addressing the 41st annual general body meeting, said that commercial importers had always been struggling for smooth production activities through supplying without interest raw materials to industries. He ... 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 »

Naqvi to head Tax reforms commission

ISLAMABAD: With the aim to bringing in drastic reforms in the prevailing tax system, the federal government, at last, named renowned chartered accountant Masoud Naqvi as head of the Tax Reforms Commission (TRC). It is to be noted that the establishment of Tax Reforms Commission (TRC) was announced by Finance Minister Ishaq Dar in his budget speech in June. A ... Read More »

Floods hit fish farming in South Punjab hard

MULTAN: The flood affected the fishery industry in South Punjab adversely and has caused losses to the tune of billions of rupees to the owners. As per details, the recent floods, particularly in Chenab River have played havoc with the fishery industry in South Punjab, especially Multan and Muzaffargarh have suffered the most. The floodwater hit fish farming belt situated ... Read More »

‘Alishan Pakistan’ gets great response in India

ISLAMABAD: A four-day exhibition of Pakistani products, including food, furniture and fashion etc, in New Delhi has got a great response from the Indian people and all the items were sold in just first three days. According to Indian media, Pakistani traders and businessmen did not hesitate to showcase their products at ‘Alishan Pakistan’ and Indian people gave them good ... Read More »

Businessmen, daily-wage earners want early end to sit-ins

ISLAMABAD: Businessmen and daily-wage earner in the federal capital want an early end to the sit-ins staged by Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek for resumption of normal business and commercial activity. Former president Islamabad Chamber of Commerce and Industry Zahid Maqbool said that the national economy had suffered a loss of Rs1,200 billion to Rs1,300 billion due to the ... Read More »