Monday, October 26, 2026 · Petrol Rs 377.71 · USD/PKR 277.05 · Gold Rs 424536/tola
Breaking
Asif Khaliq drives blue-eyed Chaiwala Arshad Khan’s London success Munir and Naqvi Join Makkah Pact Talks in Tehran Iran Says the Border Is Open as Pakistan Ships LPG by Sea Six Militants and Two Soldiers Killed in DI Khan Imran Khan’s Sisters Held for Another 30 Days Rights Commission Calls for the KP Emergency to End Makkah Pact Officials Head to Tehran for Security Talks Riyadh Airport Partly Reopens Two Weeks After Attack Indian Duty-Free Access Threatens Pakistan’s Textile Edge Peshawar Begins Polio Drive for 1.11 Million Children KSE-100 Loses 4,045 Points Over the Week Task Force Asks Industry for Export Proposals PTI Weighs Talks Against Protest Over KP Seven of One Family Killed in Murree Road Accident Mir Raza’s Father Asks for a JIT Member to Be Replaced Pakistan Rejects a $490m Loan as Too Expensive Minister Seeks Loan Rescheduling as Rates Bite at 25pc 31,000 Consumers Denied the Petrol Subsidy Portal Glitch Blocks Returning Pakistanis From Filing LPG Cargoes Down to Two as Senate Presses on Winter Fuel

Articles for tag: FPCCI, live, LIVE system, protects, system, Trade, transparency

April 20, 2024

News Desk

FPCCI says LIVE system protects trade, transparency

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI), President, Atif Ikram Sheikh noted that Pakistan Customs conducted a high profile and interactive orientation session on “Implementation of Linkage of International Value (LIVE) System under the Innovation Framework for Check Mis-billing” on Friday, according to a press release released by the chambers. The meeting was hosted by FPCCI at its headquarters in the Federal House and was attended by eminent personalities from trade and industry. During the session, Sheikh lauded the efforts of Customs, especially the Valuation Directorate in Karachi, for creating an enabling environment for trade and industry

April 7, 2024

News Desk

Unilateral tax reforms are proving ineffective

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh said that FPCCI fully supports efforts to increase the tax to GDP ratio, which can be achieved through broadening the tax base and simplifying the tax system. than to further squeeze the already taxed. “The only realistic approach that can help achieve a tax-to-GDP (gross domestic product) ratio of 15% over the next five years is to add 1.5 to 2 million new taxpayers to the tax net,” he stressed. Sheikh was of the view that tax and Federal Board of Revenue (FBR) reforms should not

March 20, 2024

News Desk

FPCCI for construction of rural infrastructure

LAHORE: The Standing Committee on Agriculture of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) recommends the Fauji Foundation to establish roads, canal systems and electrical infrastructure in corporate agricultural areas under the Special Investment Facilitation Council (SIFC) identified for investors, particularly in the Holistan belt. FPCCI Agriculture Standing Committee Advisor Chaudhry Ahmad Jawad said that the army and the federal government are determined to take up the agriculture sector under SIFC, which is positive for the country, but the infrastructure for investors is yet to be seen. It must be accelerated, he said. Jawad said that under

February 28, 2024

News Desk

Businessmen are decrying the increase in terminal fees

Businessmen called for the formation of a container terminal regulator to ensure a better working environment. Photo: Archive KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Senior Vice President (SVP) Saquib Fayyaz Magoon said that the business, trade and industry community is in a state of shock and disbelief over the threefold increase in container terminal fees. The terminal fee has been increased since Karachi Gateway Terminal Limited (KGTL) took over the management of the container terminal at Karachi Port’s East Wharf. Earlier, the charges were Rs 150 per tonne but now they have been increased to Rs

February 20, 2024

News Desk

Industries are at risk as energy costs rise

KARACHI: Rising gas and electricity prices threaten to shut down industries, increase unemployment and worsen inflation, lamented industrialists. Speaking to The Express Tribune, President of Federal Association of Commerce and Industry (FBATI), Syed Raza Hussain highlighted the impact of gas tariff hike on small and medium entrepreneurs who are already facing cost of production and competitive prices. “The relentless rise in natural gas prices will have dire consequences for SMEs, including cost cutting leading to unemployment and retail price hikes, exacerbating inflation alongside escalating electricity and petroleum product prices” , Hussein warned. Calling for a review of government policies, Hussain

February 13, 2024

News Desk

The edible oil industry supports tax reform

The government should consider imposing 20-22% sales tax and 5% income tax on commercial importers to discourage them, said KK Group of Industries CEO Khalid Islam Sheikh. Photo: file KARACHI: Edible oil manufacturers have called for a reduction in crude palm oil (CPO) duty, repeal of Section 8B of the Sales Tax Act and enhanced taxes on commercial importers. The aim is to encourage farmers and others to stimulate industrial development in the country. They reported that over 3.2 million metric tons of palm oil are imported into the country. The edible oil sector procures raw materials from domestic and

January 14, 2024

News Desk

Large industrial zone announced for Karachi

KARACHI: Acting Federal Minister for Commerce and Industries Dr Gohar Ejaz has announced a new industrial zone spanning 10,000 acres for Karachi which will be aligned with international standards. During his visit to the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Saturday, the minister said if his vision of a new 10,000-acre industrial zone in Karachi is realized and exports reach $100 billion in the next five years, it would create 3 million new jobs in Karachi alone. At the same time, the business community may just triple their profits if they play their part in meeting

December 5, 2023

News Desk

90% of Sindh-Balochistan industries closed down

KARACHI: Industrialists claimed that nearly 90% of industries in Karachi and other industrial zones of Sindh and Balochistan remained closed on Monday to protest the higher duty on natural gas. “Nearly 90% of the industries in all the seven industrial zones of Karachi, along with other commercial bodies and industrial zones of Sindh and Balochistan, including the Lasbela Chamber of Commerce and Industry (LCCI), Nooriabad, Kotri and Hyderabad, have closed in solidarity. with the Karachi Chamber of Commerce and Industry (KCCI),” said Vice President of the Businessmen Group (BMG) Jawed Bilwani while addressing reporters at a press conference at the

Hamza Azhar SalamEditor — Hamza Azhar Salam · Write to us with suggestions or tips
Powered by: Frontpage.dev
WP Twitter Auto Publish Powered By : XYZScripts.com