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Tag Archives: Pakistan Chambers

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 »

Textile bodies fear massive gas outages

FAISALABAD: The national-level textile industry organisations rang alarm bells and feared massive closure of industries as a result of gas supply cut or reduction in the existing 33 percent gas quota for the textile sector in the upcoming months. Addressing a press conference held by the Pakistan Textile Exporters Association, All Pakistan Textile Mills Association, All Pakistan Textile Processing Mills ... Read More »

PIAF clean sweep LCCI Associate Class polls

LAHORE: The PIAF-Founders Alliance made another by winning all the eight seats of LCCI Associate Class for the year 2014-15, paving the way for the alliance to have its President, Senior Vice President and Vice President. As per details, 2579 votes of the total 6556 votes were cast of which 41 votes were rejected. Of the total cat votes, the ... Read More »

LCCI Polls: Customs Agents Alliance sees a ‘clean sweep’

LAHORE: LCCI Progressive Group and Customs Agents Alliance Vice Chairman Muhammad Amjad Chaudhry has claimed that the alliance has received a rousing welcome in all the market of the City and will make a clean sweep in the election with the grace of Allah Almighty. He was talking exclusively to Customs Today here at his office on Jail Road. Amjad ... 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 »

Asad Mashadi elected RCCI president unopposed

RAWALPINDI: Syed Asad Haider Mashadi of Mian Pervaiz Aslam Group elected unopposed as President of Rawalpindi Chamber of Commerce and Industry (RCCI) for the year 2014-15. The three-member RCCI election commission consisted of Naveed Javed, Chaudhry Iqbal Ahmed and Tariq Javed Butt announced unopposed election of the winners at a meeting held here. The announcement of newly-elected Senior Vice President ... 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 »

Sit-ins induced spiraling losses draw concerns

PESHAWAR: The trading community from across the province has expressed concern over the ongoing sit-ins by the Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) in Islamabad, regretting that the prevailing political impasse has been affecting businesses and national economy adversely. Representative bodies of traders and businessmen from different cities including Peshawar, lamented that the marches had hindered economic progress ... Read More »

Taxes non-payment: Traders dub Imran politically immature

ISLAMABAD: Rejecting the call for civil disobedience, various trade bodies have described Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan’s call for non-payment of taxes and duties as unjustified and illegal. Talking to Customs Today, the office bearers of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Rawalpindi Chamber of Commerce and Industry (RCCI) opined that Khan’s call was ... Read More »

Auto makers fail to cash in on dwindling used cars import

KARACHI: Local vehicle assemblers, despite hectic lobbying, failed to take advantage of the sharp drop in the sale of used cars year-on-year during 2013-14. As per the relevant data, the import of used vehicles (from 660cc to above 3,000cc including 4×4 jeeps) plunged to 22,185 units in 2013-2014 as compared to 44,767 in 2012-13. The government collected around Rs9 billion ... Read More »

SROs to implement textile package soon: Afridi

ISLAMABAD: Federal Minister for Textile Industry Abbas Khan Afridi declared that textile package announced in the budget will be implemented through Statutory Regulatory Orders (SROs). Talking to the members a delegation led by All Pakistan Textile Mills Association (Aptma) Punjab Chairman SM Tanveer, the minister informed that the SROs had been sent to the Law Division for vetting and expressed ... Read More »

SCCI for early payment of drawback, ST refund claims

SIALKOT: The inordinate delay in the payments of thousands of the duty drawback, sales tax and income tax refund claims of Sialkot exporters has resulted in severe liquidity crunch for exporters and has badly affected industrial and export activities in Sialkot. Sialkot Chamber of Commerce and Industry (SCCI) President Dr Sarfraz Bashir stated this while talking Customs Today here. He ... Read More »

Importers seek early sales tax adjustment

KARACHI: Importers and business houses are facing hurdles in getting adjustment of sales tax since July 2013 revision of PRAL system. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Vice President Ismail Sattar, in a statement, urged the Federal Board of Revenue (FBR) to direct the Pakistan Revenue Automation Ltd (PRAL) management to update the automated revenue service to ... Read More »

Ministry’s interference causes blockage of refund claims

LAHORE: While demanding the government to release stuck-up refund claims, the Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) has said that FBR’s software system of RCPS is very excellent which completes refund process system within one month but finance ministry’s undue interference causes blockage of refund claims to the exporters, as presently more than 80 per cent textile exporters ... Read More »

SCCI pleas FBR for issuing longstanding refunds

SIALKOT: Sialkot Chamber of Commerce and Industry (SCCI) has expressed grave concerns over the inordinate delay in the prolonged pending duty draw back and sales tax refund claims of Sialkot exporters. SCCI President Dr. Sarfraz Bashir said that Sialkot’s exporters were much perturbed due to their prolonged stuck capital. He said that this critical situation was badly affecting business and ... Read More »

PAAPAM cries foul at rising under-invoicing

LAHORE: The Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) has regretted at the ever-increasing smuggling and under-invoicing of auto parts and accessories, saying that the under-invoicing has been affecting the local spare parts manufacturing sector, depriving the the national exchequer of billions of rupees revenue. According to PAAPAM Chairman Usman Malik, the Federal Board of Revenue (FBR) must ... Read More »

RCCI for expediting work on Gwadar Port

RAWALPINDI: The government must take development work on the Gwadar Port seriously and should step up work on the Gwadar-Kashgar Road link, demanded by the Rawalpindi Chamber of Commerce and Industry (RCCI). An RCCI delegation, led by its President Dr Shimail Daud Arain, discussed the issue when it met Balochistan Governor Muhammad Khan Achakzai at the Balochistan House in Islamabad. ... Read More »

PTA for govt steps to save declining leather goods exports

KARACHI: The Pakistan Tanners Association (PTA) has warned against the declining leather exports, expressing the apprehension that the situation warrants remedial measures lest Pakistan will lose leather goods market to Indian competitors. According to PTA’s Standing Committee on Gas and Infrastructure Chairman Usman Umer, the incumbent government, instead of offering incentives to the ailing industry, unnecessarily overburdening it by levying ... Read More »

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