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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

December 18, 2025

News Desk

Saudi Arabia abolishes iqama fees for expatriate workers in licensed industries

Foreign workers work at the construction site of a building in Riyadh, November 27, 2013. — Reuters The step aims to strengthen sustainable industrial development: Minister. It says it aligns with Vision 2030, enhances global competitiveness. Policy to attract investment, reduce factory costs, enhance expansion. In a move to boost its industrial sector, Saudi Arabia’s cabinet has given the go-ahead to scrapping expatriate workers’ fees, commonly known as iqama or work permits, at licensed industrial facilities. The decision was taken at a Cabinet meeting chaired by Saudi Crown Prince and Prime Minister Mohammed bin Salman, following a recommendation by the

October 17, 2025

News Desk

Excessive gas bills threaten the survival of industries

Businesses urge PM to freeze ‘controversial levy’ as bills soar into tens of millions of rupees KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) and the seven associations of industrial cities and textile exporters, while expressing deep concern over the exorbitant and retroactive gas bills, urged the Prime Minister and the petroleum and power ministers to take urgent notice of the “anti-industrial move” that is making exports dependent on exports and Pakistan. Addressing a joint press conference at KCCI on Thursday, business leaders appealed to the government to immediately freeze the controversial levy charged retrospectively for four months, which

September 7, 2025

News Desk

EFS Dents from the performance of local industries

Islamabad: Industry experts have expressed concerns about the government’s export facility (EFS), arguing that it undermines the performance of local industries. In previous years, the Pakistan export sector was backed by direct subsidies, such as relief from power and gas, reduced corporate taxes and credit facilities. However, according to the pressure from the International Monetary Fund (IMF), these subsidies have been greatly reduced. Instead, support is now offered through policies such as the EFS, which critics support, are effectively subsidizing exports to the detriment of domestic industry. Despite these concessions, Pakistan’s export profits have remained stagnant for the last three

August 31, 2025

News Desk

Youth aims to bring innovation to local industries

Tianjin: Muhammad Mohsin Mujahid Qudoos, a young student from Lahore, has turned practical skills into international recognition, found his true call and presents the power of practical training. Welcoming from a farmer’s home, Mohsin completed a six -month intensive career at Tianjin’s modern -day Luban College Laboratory in his hometown with top prices last year. Following the selection and establishment of Punjab’s Technical Education and Vocational Education Authority, he was able to come to China to pursue his studies at college, specializing in electric automation and awarded the Tianjin government’s scholarship for foreign students. “The most important feature of the

June 28, 2025

News Desk

ECC Greenlights increases gas prices for industries, power plants

A representation image showing a technician working in a gas field. – AFP/file ECC approves a 10% increase in natural gas prices for bulk. Okays TSG of RS15.839BN for the Ministry of Defense. Approves to form a body to evaluate the possibility of importing sugar. Islamabad: The Council of Financial Coordination Committee (ECC) approved the revised natural gas pricing structure for the financial year 2025-26, allowing rising consumer prices. The ECC, which met under the chairmanship of the Minister of Finance and Income, Senator Muhammad Aurangzeb undertook a summary submitted by the division of oil for the adjustment of gas

June 3, 2025

News Desk

SNGPL to place special ducts for industries

Lahore: Sui Northern Gas Pipelines Limited (SNGPL), Aamir Tufail, said the issues related to natural gas faced by industrialists are resolved. In this respect, pending applications for new industrial gas connections and excessive prosecution complaints are addressed quickly, while a focal person will be appointed to ensure timely resolution of complaints. Speaking to the Lahore Chamber of Commerce and Industry (LCCI), TUFAIL has said that where industries or industrial areas require additional gas, dedicated pipelines would be raised after their request. He points out that domestic consumers received gas with a loss of about 40% recovery, which was one of

May 11, 2025

News Desk

Opportunities, paths to boost industries

Listen to the article Islamabad: Pakistan’s industrial sector, as soon as the backbone of the nation’s economy, represents unused opportunities that could lead to economic growth, create jobs and enhance global competitiveness. It’s time to focus on it. With strategic interventions focusing on small and medium-sized enterprises (SMEs), the mechanical light sector and far-industrial opportunities, Pakistan can optimize industrial production and improve economic resilience. The media make up more than 90% of Pakistan’s businesses and contribute significantly to the gross domestic product (GDP) and employment. However, they often fight due to the lack of resources, technology and infrastructure. The exploitation

March 10, 2025

News Desk

Govt to integrate industries associated with women, businesses with the media sector

This representation image shows women working in a clothing factory. – AFP/file PM Shehbaz highlights the need for women’s financial strengthening. It directs the authorities to provide capital, installations to businesses. Orders to create facilitation, training centers to support women. Islamabad: Prime Minister Shehbaz Sharif said the government would incorporate women associated with cottage industries and small businesses in the small and medium -sized business (SMEs), The news reported on Sunday. The announcement was made during International Women’s Day during a meeting of review on continued reforms in the context of the SMEDA Development Authority (SMEDA). Speaking at the meeting,

February 20, 2025

News Desk

The development of large industries in red

Listen to the article Islamabad: The increase in Pakistan’s most important industries – the biggest tax and employment contributors – shrunk almost 2% in the first half of the current year, indicating the adverse effects of the high cost of business and economic stabilization. The large-scale construction sector (LSM) recorded a negative increase of 1.9% in the period July December 2024-25 compared to the same period last year, the Pakistan Statistics Office (PBS) said on Thursday. This is the third consecutive year, when large industries face a contraction due to the government’s policies to avoid dominant deficiency. The interest rate

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