KCCI demands immediate release of income tax refunds

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has urged the Federal Board of Revenue (FBR) to immediately release pending income tax refund claims of small traders, shopkeepers and the SMEs. The... Read more »

Duty, tax above Rs1 million made mandatory through e-payment

KARACHI: The payment duty and taxes amounting above Rs1 million has been made mandatory through the electronic mode from January 20, 2021, said Wajid Ali, Director General, Reforms and Automation, Federal Board... Read more »

Small traders seek FPCCI help in taxation, lockdown

KARACHI: Small traders have sought help of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in resolving their major issues including taxation and coronavirus related lockdown situation. In this regard a... Read more »

Foreign investors contribute Rs16 billion for minimizing coronavirus impact

KARACHI: The foreign investors operating in Pakistan have contributed Rs16 billion in different CSR activities and for containment of the negative impact of coronavirus. In addition to monetary contributions the CSR activities... Read more »

PRGMEA supports proposal for revival of sales tax zero-rate regime

KARACHI: Exporters and manufacturers of readymade garments on Thursday supported the proposals of revival of zero-rate sales tax regime for entire textile chain. Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) in... Read more »

Exporters demand customs duty waiver on cotton yarn

KARACHI: Value-added textile exporters on Tuesday demanded the government of abolishing customs duty on import of cotton yarn to support the industry and ensure timely completion of export orders. “The gravity of... Read more »

President Alvi assures business community of resolving gas shortage

KARACHI: President of Pakistan Dr. Arif Alvi on Saturday assured business community of resolving issue of gas shortage on priority basis. In response to deep concerns expressed by President Karachi Chamber of... Read more »

ABAD welcomes date extension for construction package

KARACHI: Association of Builders and Developers of Pakistan (ABAD) on Thursday welcomed the extension in Incentives for Construction industry up to June 30, 2021 by Prime Minister Imran Khan. The association said... Read more »

Magoo elected FPCCI president

KARACHI:  The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday announced the election of Mian Nasser Hyatt Magoo as president of the apex trade body for the year 2021.... Read more »

Proposed new tax on car purchase resented

KARACHI: An association of industries and traders has resented proposed plan of the government to impose a new tax on purchase of motor vehicles. Pakistan Industrial and Traders Association Front (PIAF) has... Read more »