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Tag Archives: Pakistan Chambers

FPCCI for enhancing bilateral trade with Canada

KARACHI: The Pakistan-Canada Business Council of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) will be activated to maximum extent to take intensive program of activities during 2014, including Pakistan solo exhibition in Toronto in 2014, a statement issued by FPCCI said. Zubair Ahmed Malik, President of the FPCCI, said this in a meeting with Zamir Dossal, Chairman ... Read More »

177 Pak businessmen cross Wagah border to tap trade opportunities

LAHORE: At least 177 Pakistani traders and industrialists crossed Wagha border in order to attend a trade fair in Amritsar and visit other Indian cities including Delhi and Agrah. Traders and industrialists will interact with their counterparts in India to enhance bilateral trade. “India and Pakistan should give peace a chance to improve their bilateral relationship and give boost to ... Read More »

MCCI for stimulating business community

MULTAN: Multan Chamber of Commerce & Industry President Khawaja Muhammad Usman has said that Chambers and traders associations of South Punjab will be stimulated to bring the business community at one platform for the development, prosperity and growth of this area. The alliance will raise voice to resolve the economic, trade, cultural and social problems and ending the backwardness and ... Read More »

FPCCI backs PM’s package

LAHORE: FPCCI President Zubair Ahmed Malik has said that the incentives and amnesties announced by the Prime Minister will have a very positive impact on the economy which has been struggling since long. He said that the business activities have been inactive for quite a while which has resulted in inflation and unemployment but now the situation will take a ... Read More »

MCCI asks govt to give 10-year tax relief to South Punjab

MULTAN: Multan Chamber of Commerce & Industry (MCCI) has demanded the government to declare South Punjab as tax-free zone for 10 years to attract the investors and other incentives. The entire business community of the region has also lauded the measures and package announced by Prime Minister Nawaz Sharif for economic revival. MCCI President Khawaja Muhammad Usman said that due ... Read More »

New BoI members appointed

PESHAWER: Sarhad Chamber of Commerce and Industry President Zahidullah Shinwari and Khyber Electrical Lumps Manufacturers Company Limited Chief Executive Husnain Khurshid Ahmad have been appointed as members of Federal Board of Investment (BoI). A notification has already been issued by PM office in this regard. Read More »

Business community says no to shifting of TDAP HQs

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) and the entire business community of the city have strongly opposed any attempt to move the headquarters of Trade Development Authority of Pakistan (TDAP) from Karachi to Islamabad. In a statement, the KCCI president has expressed deep concerns over reports of shifting TDAP headquarters from Karachi to Islamabad. KCCI President Abdullah Zaki ... Read More »

MCCI urges govt to provide traders safe environment

MULTAN: President of Multan Chamber of Commerce and Industry (MCCI), Khawaja Muhammad Usman has said that it is the government’s responsibility to provide a safe and favourable environment for business community to help them generate maximum revenue. The government must focus on creating an enabling environment for local investors so that they could stop shifting their businesses abroad, he added. ... Read More »

FBR directs special bodies to probe into smuggling, under-invoicing

LAHORE: Federal Board of Revenue (FBR) has directed two special bodies comprising top FBR officials and LCCI representatives to resolve the issues of steel industry and overcome the challenges of smuggling, under invoicing and refunds. The Special Committees, constituted vide FBR notification (C No 1(1) Chief (Automation & ST)/2013, would meet soon to chalk-out plans to deal with the above-mentioned ... Read More »

Pak-India trade can be enhanced to $25b

KARACHI: Southern Gujarat Chamber of Commerce and Industry (SGCCI) President Kamlesh Yagnik has said that total trade volume between Pakistan and India can be increased to $25 billion by reducing informal trade. In a meeting with the Karachi Chamber of Commerce and Industry (KCCI) members, Yagnik said that direct trade, circular trade and informal trade (smuggling) have been taking place ... Read More »

LCCI signs MoU with Taiwanese trade council

LAHORE: Taiwan External Trade Development Council (TAITRA) and the Lahore Chamber of Commerce and Industry (LCCI) have signed a Memorandum of Understanding (MoU) according to which both trade bodies would work together for increase in private sector investments. According to MoU, the both sides would take steps to exchange information available from either or both countries regarding trade, market and ... Read More »

KCCI seeks business-friendly environment

KARACHI: Acting President of the Karachi Chamber of Commerce and Industry (KCCI), Muffasar A Malik, has stressed the need for ensuring a pro-business environment in Pakistan. Exchanging views with a 14-member delegation of officers from National Management College Lahore who were on a visit to KCCI on Monday, Malik suggested that in order to enhance Pakistan’s revenue, the decision makers, ... Read More »

Pak-India trade can be enhanced up to $10b

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) Acting President Mian Tariq Misbah has said that the trade volume between India and Pakistan can be increased up to $10 billion. He said that non-tariff barriers, difficulty in visa issuance and other problems faced by traders should be controlled to enhance trade. He said that improvement in trade between the two ... Read More »

Dar urged to stop FBR’s raids on paint industry

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) has urged Federal Finance Minister Ishaq Dar to stop intelligence units of Federal Board of Revenue (FBR) from conducting raids at paint manufacturing units, which are creating unrest and harassment among the business community. LCCI Acting President Mian Tariq Misbah and Vice President Kashif were talking to a 50-member large delegation of ... Read More »

FBR establishes facilitation desk at LCCI

LAHORE: The Federal Board of Revenue (FBR) in collaboration with the Lahore Chamber of Commerce & Industry on Tuesday established Income Tax Facilitation Desk at Lahore Chamber of Commerce & Industry premises to receive income tax returns from taxpayers. FBR has deputed three officials of the department to receive the returns. The desk has been established on the directions of ... Read More »

FPCCI for increased trade volume between Pakistan and India

ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) demands Most Favoured Nation (MFN) status for India. This was said by FPCCI President Malik Zubair Ahmad while addressing a round table moot on “India Pakistan Economic Relations; The Next Milestone” in New Delhi organised by the Federation of Indian Chambers of Commerce and Industry (FICCI). He further said, “I ... Read More »

SCCI concerned over new Afghan-Pakistan transit trade pact

PESHAWAR: Sarhad Chamber of Commerce and Industry has shown deep concerns over the new Afghan-Pakistan transit trade agreement and urged the government to address the issues being confronted by traders and exporters, attached with the Afghan transit trade business. SCCI President Zahidullah Shinwari expressed these views while chairing a meeting at the Chamber House. Vice President Mohammad Taimoor Shah, Pak-Afghan ... Read More »

FBR asked to introduce tax amnesty scheme

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) urged the government to introduce ‘Tax Amnesty Scheme’ in order to bring non-taxpayers to the tax net. LCCI Vice President Kashif Anwar Sheikh said that the non-taxpayers should be brought into the tax net with a penalty of 2 to 3 percent tax without asking about the sources of income. He ... Read More »

LCCI worried over closure of tractor industry

LAHORE: The Lahore Chamber of Commerce & Industry has shown grave concern over the closure of tractor industry and called for its early revival. In a statement, LCCI President Engineer Sohail Lashari said that that tractor industry was not only an important source of revenue for the government but also providing employment to thousands of people directly and indirectly. He ... Read More »

Pakistan, BD to share strengths for economic wellbeing

LAHORE: Pakistan and Bangladesh will share their respective sectoral strengths with each other for the economic wellbeing of the two countries. This was agreed at a meeting between Bangladesh High Commissioner to Pakistan Suhrab Hussain and LCCI President Engineer Sohail Lashari. Honorary Consul General Qazi Humayun Fareed, SAARC CCI Vice President Iftikhar Ali Malik, former LCCI Vice President Saeeda Nazar, ... Read More »