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Tag Archives: economic activities

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 chalks out robust economic policy

KARACHI: Federation of Pakistan Chambers of Commerce and Industry Acting President Shaukat Ahmad has said that the FPCCI has chalked out a comprehensive policy to enhance economic activities in the country and to boost exports. The FPCCI president said that the documents would be presented to Prime Minister Nawaz Sharif, Asif Ali Zardari and Imran Khan for a consensus. He said ... Read More »

Flood-hit farmers to get Rs10b loan on 8% mark-up

KARACHI: To revive the economic activities in flood-hit areas, the State Bank of Pakistan (SBP) has launched a concessional loan scheme of Rs10 billion. As per the SBP loan scheme, the banks will charge 8 per cent mark-up per annum from the farmers and Small and Medium Enterprises (SMEs) of flood-affected areas against their financing for production, working capital loans ... Read More »

FBR unlikely to meet Rs2.81tr revenue collection target

ISLAMABAD: Federal Board of Revenue unlikely to meet the Rs2.81 trillion target as the growth of tax collection during the current fiscal year remained 15pc, which is below the required growth of 24pc. Sources said that the government has to take extra revenue generation measures after huge shortfall of first quarter and owing to effects of floods on economic activities ... Read More »

FBR fails to achieve first quarter tax collection target by Rs22b

ISLAMABAD: Federal Board of Revenue (FBR) has failed to achieve the monthly and first-quarter revenue collection targets mainly owing to devastating floods in the country. The Board missed the first-quarter tax collection target by Rs20 billion, which has also raised the question about achieving of annual target of Rs2.81 trillion. As per details, FBR collected Rs549billion from July to September, ... 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 »

PIAF hopeful of headway in political deadlock

LAHORE: The PIAF-Founders Alliance has expressed its optimism about a peaceful resolution to the prevailing political deadlock which has virtually brought economic activities to a halt. In a joint statement, PIAF Chairman Malik Tahir Javed and other leaders, including Mian Anjum Nisar, Mian Muhammad Ashraf, Lahore Township Industries Association Chairman Chaudhry Zaheer Bhutta, leader of Kattar Band Road Industrial area ... Read More »

Imran’s march on Red Zone: KSE sheds 222 points

KARACHI: The prevailing political turmoil continued to take toll on all sorts of economic activities across the country as stocks saw a huge fall as Karachi Stock Exchange-100 Index declined by more than 222.03 points and reached the level of 28,630 in today trading session. Analysts reflected that if the current political scenario prevailed, the situation in stocks would also remain ... Read More »

KATI bemoans long holidays on Eid

KARACHI: Long holidays on Eidul Fitr badly affected the trade and business activities in the country. According to Korangi Association of Trade and Industry (KATI) President Syed Farukh Mazhar, the government decision of four-day Eid holidays brought the entire economic activities in the country to a halt which adversely affected the already fragile economy. In a statement issued here, he ... Read More »