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Tag Archives: Pakistan Chambers

Magoon appointed chairman of FPCCI standing committee on customs

KARACHI: FPCCI President Zakaria Usman has appointed Saqib Fayyaz Magoon as Chairman of FPCCI Standing Committee on Customs for the year 2014. His nomination is reflective of the confidence reposed in him by the President of FPCCI. He has been advised to keep close liaison with the customs department and solve the problems of the business community pertaining to customs. ... Read More »

KCCI welcomes refunding of ST by mid April

KARACHI: Karachi Chamber of Commerce and Industry President Abdullah Zaki has warmly welcomed the Federal Finance Ministry’s decision to settle refund claims of 26,000 cases by April 15, 2014 whose refund claims are less than Rs 1 million. Abdullah Zaki pointed out that a total of 36,000 cases pertaining to refund claims were lying pending at Federal Board of Revenue, of ... Read More »

KCCI members advised to renew membership by March 31

KARACHI: Karachi Chamber of Commerce and Industry has advised all its members to renew their membership of the chamber by March 31, 2014 in order to avoid any inconvenience. The process of membership renewal is currently underway at the KCCI for the year 2014-15 as per Trade Organizations Act 2013. The last date for renewal of membership is 31st March ... Read More »

Tuesday March 11 – Monday March 17, 2014

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Senator stresses unity for socio-economic uplift

KARACHI: Senator Syed Zafar Ali Shah has said that the political, social and economic system of the country is in grave danger which necessitates unity among all the stakeholders. The senator said this while talking to businessmen at FPCCI Capital Office where he came to congratulate Munawar Mughal on assuming charge as Vice President of FPCCI. He said that political stability is ... Read More »

Economy spurring: Dar sees end to woes in tax culture promotion

GUJRANWALA: Finance Minister Ishaq Dar has said that energy supply and public sector development programme could only flourish if all citizens pay their due taxes voluntarily. The minister claimed that all major economic indicators were pointing to the fact that economy had started showing signs of revival and that it was moving on the right track. Talking to a delegation ... Read More »

FPCCI urges businessmen to pay taxes to save the country

LAHORE: Pakistani businessmen should adopt the habit to paying due taxes even if it leads to minimization of their profits in order to save Pakistan. This was stated by the new Federation of Chambers of Commerce and Industry Regional Chairman SM Naseer at a meeting held in honour of Chairman Pak-India Business Council SM Munir here at the FPCCI office. “Businessmen should pay ... Read More »

LCCI, FBR pledge to work together for raising tax to GDP ratio

LAHORE: Lahore Chamber of Commerce and Industry and Federal Board of Revenue have decided to work hand-in-hand to raise tax-to-GDP ratio by educating the masses about the benefits of Prime Minister Tax Incentive Package. The decision was made at an hour-long meeting between the Large Taxpayer Unit Chief Commissioner Mustafa Ashraf and LCCI Vice President Kashif Anwar. Chief Financial Officer ... Read More »

Confusion over GST reduction on tractors hurting industry: LCCI

LAHORE: Lahore Chamber of Commerce and Industry has asked the government to clarify the confusion over reduction in General Sales Tax as early as possible because high tractor prices along with confusion over the reduction of GST on tractors has had a negative impact on the tractor industry which is already finding it hard to sell its tractors in the ... Read More »

LCCI demands withdrawal of SRO about sharing of accountholders info

LAHORE: Lahore Chamber of Commerce and Industry on Tuesday urged the Federal Board of Revenue (FBR) to immediately withdraw SRO 115(I) 2014 that would lead to flight of capital from the country. LCCI President Engineer Sohail Lashari stated that the SRO (Statutory Regulatory Order) would compel the businessmen to stay away from banks or maintain accounts out of this country. ... Read More »

LCCI launches online certificate of origin for exports

LAHORE: As a part of its ongoing digitalization drive and a giant leap towards paperless business environment, Lahore Chamber of Commerce and Industry has launched online version of Certificate of Origin (CO), an integral part of export documents. The CO is used for verification that the exported products were wholly obtained, produced or manufactured in a particular country. “The origin ... Read More »

KCCI expresses concern over sharing of accountholders’ info

KARACHI: Karachi Chamber of Commerce and Industry President Abdullah Zaki has shown his discontent about SRO 115 (I)/ 2014 issued by the Federal Board of Revenue through which banks will provide information about their accountholders without national tax numbers (NTN) and who deposit more than one million rupees or pay Rs100,000 in credit card bills in a month. In a ... Read More »

Commissioner IR says PM’s amnesty only aimed to broaden tax ambit

LAHORE: Commissioner Inland Revenue Ejaz Asad Rasool has said that the amnesty scheme introduced by the Prime Minister is an effort to increase revenue, broaden the tax net and bring those under taxation who had opted to stay out of tax net during last 10 years. The Commissioner was briefing the LCCI members on Prime Minister Amnesty Scheme here at the ... Read More »

FTO announces regional office in Faisalabad

FAISALABAD: Federal Tax Ombudsman (FTO) Abdur Rauf Chaudhry has announced to establish a regional office in Faisalabad for the resolution of tax related complaints of business community. He said this while addressing the members of Faisalabad Chamber of Commerce and Industry (FCCI). He said that tax base is being expanded by registering 0.1 million new tax payers into tax net ... Read More »

LCCI urges quick implementation of Pak-India commitments

LAHORE: Lahore Chamber of Commerce and Industry President Engineer Sohail Lashari has called for early establishment of banking network between India and Pakistan, opening up of borders 24/7, infrastructural facilities at borders and containerization of cargo, allowing all tradable items by land route at Wagah. He was speaking at inaugural function of India Show 2014 here at Expo Centre. LCCI ... Read More »

KCCI for enhancing goods transportation by rail

KARACHI: Karachi Chamber of Commerce and Industry has suggested shift of bulk goods transportation from road to rail. Chairman KCCI Special Committee on Budget, Qamar Usman noted that more than half of trade deficit is on account of petroleum imports where 50 per cent plus of it is diesel. He said that high import of diesel is because of the ... Read More »

IHC bars FPCCI from announcing election result of IWCCI nominee‏

ISLAMABAD: Justice Anwarul Haq Qureshi of Islamabad High Court has issued a stay order barring the Federation of Pakistan Chambers of Commerce & Industry from announcing the election result of Naima Ansari as Vice President FPCCI on February 12, 2014 in its annual general meeting. Naima Ansari was nominated by the Islamabad Women Chamber of Commerce & Industry as candidate ... Read More »

KPCCI concerned over dumping of reconditioned vehicles

PESHAWAR: Chairman of Khyber Pukhtunkhwa Chamber of Commerce and Industry standing committee on railways and dry port, Zia-ul-Haq Sarhadi has expressed concerns over dumping of 353 reconditioned vehicles imported under amnesty scheme in April 2013 and demanded the authorities of Federal Board of Revenue and customs for immediate shifting of these vehicles to Customs Warehouse. In a statement Sarhadi said ... Read More »

Smuggling makes headway at the cost of our livelihoods: Lashari

LAHORE: With the passage of time smuggling is progressing which has dangerously ruined the economic health of the country and the government has failed to arrest the menace completely. This was stated by Lahore Chamber of Commerce and Industry President Sohail Lashari while exclusively talking to Customs Today here. The president said that smuggling has been gaining momentum ever since ... Read More »

Representatives from all over Pakistan to join pre-budget consultations

KARACHI: Representatives from more than 24 chambers of commerce and industry and associations from all over Pakistan are expected to participate in Karachi Chambers of Commerce and Industry (KCCI) pre-budget consultative meeting scheduled to be held on February 4, 2014. KCCI will compile comprehensive budget proposals after getting input from representatives of trade and industrial associations and send them to ... Read More »