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Articles for tag: business, chaman, chamber, incentives, industries, Latest, seeks

December 19, 2025

News Desk

Chaman Chamber seeks incentives for industries

Trucks loaded with Afghans and their belongings wait to cross into Chaman in Pakistan earlier in November. PHOTO: AFP Islamabad: The Chaman Chamber of Commerce has sought the help of the federal government to develop infrastructure in the region’s industrial zone and incentives for industrial units along the border similar to those offered in the Special Economic Zones to boost the country’s exports. He also urged the government to provide assistance in the construction of roads and electricity, natural gas and digital connectivity for investors who want to pour capital into the industrial zone. Other proposals include reducing taxes and

May 16, 2025

News Desk

Hollywood asks Trump to apply tax incentives

Listen to the article Los Angeles: Hollywood Studios and the unions representing film workers joined forces on Monday to encourage US President Donald Trump to give tax relief to US films. The joint letter, also signed by Jon Voight and Sylvester Stallone – two of Trump’s “ambassadors” in Hollywood – comes days after the democratic president, said he wanted to impose 100 % invoices on foreign films in an effort to help the domestic industry. The letter thanks Trump “for the support you have shown our industry” and for the attention to the production that goes abroad. But he makes

August 29, 2024

News Desk

Finance minister unveils new incentives for foreign investors amid push for external funding

Finance Minister Muhammad Aurangzeb announced new policy measures on Thursday aimed at strengthening Pakistan’s investment environment and attracting foreign investors, according to Radio Pakistan. The finance minister chaired a review meeting in Islamabad with representatives from consortium investment companies including Pak-Brunei Investment Company Limited and Saudi-Pak Industrial and Agricultural Investment Company. The discussion focused on strengthening a supportive environment for private sector investment and highlighted the important role these ventures play in promoting economic growth. Aurangzeb emphasized the government’s commitment to improve the investment climate in Pakistan. This comes as the South Asian nation seeks to secure a $7 billion

August 21, 2024

News Desk

Punjab opposes LPG policy incentives

Islamabad: The Punjab government has raised questions about the proposed incentives in the Pakistan LPG Policy 2024, which could have an impact on its revenue share. Sources told The Express Tribune that a report had been sought from the federal government on the financial impact associated with the collection of taxes on LPG in the wake of the incentives proposed in the LPG Policy 2024. The Shehbaz Sharif led government has re-energized to introduce the new LPG policy. Earlier, the Pakistan Democratic Movement (PDM)-led government started work on introducing amendments to the LPG policy in a bid to remove the

August 21, 2024

News Desk

UK toughens stance on illegal immigration with new deportation incentives

LONDON: The British government unveiled new measures on Wednesday aimed at reducing the influx of asylum seekers arriving on small boats. The plans include increasing the number of deportation flights and intensifying efforts against employers who hire illegal workers. Recent polls show that immigration control has become the top concern for British voters for the first time in eight years. The shift follows far-right violence targeting Muslims and immigrants, which was sparked by the killing of three girls in Southport, northwest England. During these riots, attempts were made to set fire to a hotel housing asylum seekers in Rotherham, South

July 9, 2024

News Desk

Copenhagen offers incentives to tourists for environmentally friendly work

DENMARK: The Danish capital’s tourism office said on Tuesday that the city will reward tourists who participate in climate-friendly work. “Copenhagen attractions reward climate-friendly actions,” the office said in a statement. “All of our choices have an environmental impact, so why not make conscious decisions that benefit us all and be rewarded for them?” it added. Introducing the pilot project named ‘CopenPay’, which will be in effect from July 15 to August 11, the bureau said the reward will be done through this app. He further stated: “Based on the evaluation, we hope to bring CopenPay back as a year-round

June 11, 2024

News Desk

Abuse of tax incentives in tribal areas is causing an uproar

Islamabad: Representatives from various sectors have raised concerns over the misuse of the tax incentive package for the former Federal Tribal Areas (FATA), claiming that the concessions announced in 2019 are hurting the ghee, edible oil and steel industries across the country. At a press conference in Islamabad on Monday, key players in these sectors demanded that the government scrap the exemptions granted to the industry in the erstwhile FATA and the Provincially Administered Tribal Areas (PATA) for five years. Sheikh Abdul Razzak, President of Pakistan Vanaspati Manufacturers Association (PVMA), highlighted that the concessions granted to FATA included full exemptions

June 5, 2024

News Desk

Researchers are looking for incentives to promote organic farming

KARACHI: Progressive farmers and researchers have urged the government to promote organic farming with a range of incentives so they can switch, produce toxin-free food and achieve better prices for organic crops. Progressive farmer and Sindh Chamber of Agriculture (SCA) Senior Vice President Nabi Bux Sathio said that “people all over the world love to eat organic food, although there is a world of difference in the prices of organic and inorganic crops.” He said if the government offered some incentives including loans to farmers and activated market committees to promote organic crops, growers would switch to natural farming, which

May 13, 2024

News Desk

IMF wants FBR, Cabinet powers to stop giving tax incentives

Regarding pensions, the IMF recommends that either pension contributions or benefits be taxed A person uses their mobile phone in front of the IMF logo in this undated picture. — Reuters/File Pakistan and IMF are going to start talks from today. The global lender also wants tax incentives to be scaled back. It seeks either pension contributions or benefits to be taxed. ISLAMABAD: The International Monetary Fund (IMF) has asked the Federal Board of Revenue (FBR) to remove the discretionary powers of the board and the cabinet to grant tax incentives and bring about changes in the tax laws of

April 28, 2024

News Desk

EV dealers are asking for incentives

KARACHI: Out of a total of 34 two-wheeler and three-wheeler electric vehicle (EV) brands, nearly 20 have introduced newer models, targeting all age groups. Sales volumes have improved after a miserable period during Ramadan. The Engineering Development Board (EDB) has granted licenses to 34 EV bike companies, including those that manufacture electric rickshaws. While all are functional, 20 have showcased their units in showrooms, attracting local customers to well-decorated and well-maintained spaces that showcase more attractive, comfortable and modern models. EV dealers explained that they reassure customers that they will not experience any regret or disappointment after purchasing an EV

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