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Tag Archives: Pakistan Chambers

Duty on coal import to cut industry to the bone

LAHORE: The PML-N government seems to be working against its policy of encouraging coal use by the industry, as is evident from its decision of imposing duty on coal import in the budget for fiscal year 2014-15. Prior to the announcement of budget, the government had claimed that it is struggling hard to convert maximum of the industry to coal ... Read More »

LCCI delegates in EU to dig GSP+ potential

LAHORE: For the collective benefit of the business community and to tap EU potential of the GSP Plus status, the Lahore Chamber of Commerce and Industry delegation is presently on a visit to Europe where a number of MoUs have been signed to market Pakistani merchandise in all 27 member countries of the European Union. According to Acting LCCI President ... Read More »

PRGMEA hopes Pakistan Expo 2014 to fetch $600m export orders

KARACHI: The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) received an overwhelming response from Pakistani exhibitors and 70% stalls have already been booked for the second edition of the ‘Made in Pakistan Expo 2014’ to be held in Mumbai, India from August 31 to September 5, 2014. This single country exhibition aims to providing a platform to Pakistan-based companies ... Read More »

Induction of honest, reputable officials can revolutionize the country: CEO TDAP

KARACHI: The destiny of the country can be changed if good, honest and reputable names could be inducted for the top slots in key national organizations. This was stated by S M Muneer, Chief Executive Officer of Trade Development Authority of Pakistan during his visit to Karachi Chamber of Commerce and Industry. KCCI President Aamir Abdullah Zaki, Chairman Businessmen Group ... Read More »

LCCI president meets Customs chief to enhance cooperation

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) President Sohail Lashari met central region’s Chief Collector of Customs Rozi Khan Burki in order to enhance mutual liaison between business community and Pakistan Customs. Both Lashari and Burki agreed to draw plan to facilitate importers and discourage menace of smuggling. Lashari demanded of Chief Collector to ensure complete facilitation for the ... Read More »

Budget in brief 2014 2015

Budget-20140-15

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Tuesday june 03 monday june 09, 2014

Customs Today Newspaper

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Budget proposals: Bodies for tax cuts to reduce trade deficit

SIALKOT: The proposed reduction in the tax ratio and expansion of tax net would reduce trade deficit and provide maximum benefits for the business community, said industrialists’ representatives here on Friday. Muhammad Ishaq Butt, the chairman of All Pakistan Dry Ports Association and the Sialkot Dry Port Trust, said that bringing the more people under the tax net would be ... Read More »

Zero tax exemption policy suggested

LAHORE: Wholesale Chemist Council Punjab President Akhtar Butt has suggested introduction of zero tax exemption policy in the budget 2014-15. He said that government should expand the tax base and increase revenue through recovery of direct taxes. He said that government should eliminate indirect taxes pleading that it will address the problem of price hike. Pakistan Cotton Ginners Association (PCGA) ... Read More »

Amid concerns, SCCI demands SRO 351 withdrawal

SIALKOT: Sialkot Chamber of Commerce and Industry (SCCI) President Dr Sarfraz Bashir expressed great concern on issuance of SRO 351 (I) 2014 and said that it will create multiply problems for business community. In press communiqué issued here, he said that the business community was unable to understand logic of the issuance of SRO 351 that had created a parallel ... Read More »

Pak-India trade needs to extend beyond Punjab

LAHORE: Trade between Pakistan and India needs to be extended to other provinces of India instead of Punjab only. Without proper development of infrastructure at Wagha and other borders cent percent trade opening is fruitless. This was the bottom-line of the deliberations at the Pak–India Business Promotion meeting held at the Lahore Chamber of Commerce and Industry under the Chairmanship ... Read More »

Time to move out of stagnant traditional policies: Zakaria Usman

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Zakaria Usman has said that the stagnancy of traditional fiscal policies in Pakistan has failed to revive the economy and we do not have fiscal space for badly needed development projects. He has further said that the traditional approaches for financing the deficit and resource mobilization through heavy indirect ... Read More »

Tuesday April 29 -Monday May 05, 2014

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LCCI felicitates new SBP Governor Ashraf Wathra

LAHORE: Lahore Chamber of Commerce and Industry has felicitated newly appointed State Bank of Pakistan Governor Ashraf Mahmood Wathra and hoped that being an experienced economist, he would utilize his best abilities for economic well-being of the people in general and business community in particular. In a message to the newly appointed Governor, LCCI President Engineer Sohail Lashari, Senior Vice ... Read More »

MCCI keen to boost revenue: Chambers consent to end SRO culture, reform tax system

MULTAN: All the chambers of commerce and industry are unanimous to bring an end to harassment and SRO culture, simplify taxation system and broaden the tax net to increase revenue. The businessmen are also agreed conditionally to facilitate the Federal Board of Revenue in tax collection. According to Multan Chamber of Commerce & Industry (MCCI) President Khawaja Muhammad Usman, the ... Read More »

Tuesday April 08 -Monday April 14, 2014

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KCCI President rejects valuation guidelines

KARACHI: Karachi Chamber of Commerce and Industry President Abdullah Zaki, while expressing deep concerns over valuation guidelines on imported goods, has said that the trade and industry rejects these guidelines. KCCI President requested Federal Finance Minister, Ishaq Dar to take notice and stop the authorities from issuing such unfair valuation guidelines. Speaking at the 2nd meeting of KCCI’s Sub-Committee on Customs ... Read More »

Karachi Chamber, Bahrain Chamber ink MoU

ISLAMABAD: Karachi Chamber of Commerce and Industry and Bahrain Chamber of Commerce and Industry have signed a Memorandum of Understanding in order to promote economic relations between the Islamic Republic of Pakistan and the Kingdom of Bahrain. The MoU was signed by KCCI President Abdullah Zaki and Bahrain Chamber’s Chairman Khalid Al-Moayed during a ceremony held in Islamabad which was ... Read More »

Abdullah formally named member of Tax Advisory Council

KARACHI: Karachi Chamber of Commerce and Industry President Abdullah Zaki will represent KCCI in the Tax Advisory Council formed by Federal Board of Revenue. The Tax Advisory Council has been formed to seek proposals on new taxation measures, provide necessary input on different tax policy matters, suggest ways and means to expand the tax base and propose legislation for making ... Read More »

Collective efforts can uplift economy: LCCI

LAHORE: All segments of the society would have to work hand in hand to make the country a land of peace, progress and tranquility and make it economically strong enough to thwart the nefarious designs of the anti-Pakistan elements. These views were expressed at a seminar held in connection with Pakistan Day and organized by Jinnah Justice Welfare Foundation (JJWF) ... Read More »