Sep 26

FPCCI seeks statutory time for return filing after error removals

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI), the apex trade body of the country, has urged the tax authorities to give statutory time for filing tax return after removing all errors in the return form. “Proper legal time for compliance should be granted as per the statute after resolving all problems in […]

by Faisal Shah

Textile Council recommends cotton import from India

Sep 26

Trade & Industry

Textile Council recommends cotton import from India

KARACHI: Pakistan Textile Council (PTC) in a statement on Monday said the country should import cotton from neighboring India to avoid another balance of payment crisis. The country’s textiles industry, which earned more than $19 billion in exports last year, is facing a shortage of raw material as flash floods have damaged about half of […]

by Faisal Shah

FBR advised to extend tax return filing date for three months

Sep 26

Taxation, Trade & Industry

FBR advised to extend tax return filing date for three months

KARACHI: The Federal Board of Revenue (FBR) has been advised to extend the last date for filing income tax returns at least for next three months. Muhammad Idrees, President, Karachi Chamber of Commerce and Industry (KCCI) in a letter sent to the Finance Minister on Monday requested to issue to the FBR for extension in […]

by Hamza Shah

Pakistan salt manufacturers go on indefinite strike

Sep 24

Trade & Industry

Pakistan salt manufacturers go on indefinite strike

KARACHI: Salt Manufacturers Association of Pakistan (SMAP) has announced an indefinite strike, calling the salt prices hike unjustified by the Pakistan Mineral Development Corporation (PMDC). During an emergency meeting of Salt Manufacturers Association of Pakistan (SMAP) Executive Committee, Ismail Suttar, Chairman SMAP along with members from Kalabagh and Quaidabad stated that Pakistan Mineral Development Corporation(PMDC) […]

by Hamza Shah

State Bank agrees to clear invoices up to $50,000: FPCCI

Sep 21

Trade & Industry

State Bank agrees to clear invoices up to $50,000: FPCCI

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday said that the State Bank of Pakistan (SBP) has agreed to allow clearance of consignments valuing up to $50,000. FPCCI President Irfan Iqbal Sheikh in a statement apprised the entire business, industry and trade community of Pakistan that in a breakthrough achievement from […]

by Hamza Shah

KATI expresses concern over delaying revision in petroleum prices

Sep 20

Trade & Industry

KATI expresses concern over delaying revision in petroleum prices

Korangi Association of Trade and Industry (KATI) on Tuesday expressed concern over delay in revision of petroleum prices by the government. The revision in petroleum prices was scheduled for September 15, 2022, which was to be implemented from September 20, 2022. It is learnt that the authorities had recommended reduction in prices for the fortnight […]

by Hamza Shah

FBR suggested fixed tax regime for women entrepreneurs

Sep 18

Taxation, Trade & Industry

FBR suggested fixed tax regime for women entrepreneurs

ISLAMABAD: The Federal Board of Revenue (FBR) has been suggested to introduce fixed tax regime for women entrepreneurs in order to facilitate and encourage businesswomen. The suggestion was made by women entrepreneurs at a meeting with the chairman of Federal Board of Revenue (FBR). READ MORE: FBR announces prize winners of 9th POS balloting FBR […]

by Anjum Shah

Workshop held to encourage women entrepreneurs for online businesses

Sep 18

Trade & Industry

Workshop held to encourage women entrepreneurs for online businesses

KARACHI: A workshop on digital marketing was held to encourage women entrepreneurs and promote online businesses. The Women Entrepreneurs Committee of Federation of Pakistan Chambers of Commerce & Industry and Karachi Women Chamber of Commerce & Industry Malir (KWCCI Malir) in collaboration with Small & Medium Enterprise Development Authority (SMEDA) organized a one-day workshop on […]

by Hamza Shah

Karachi Chamber urges allowing imports from India

Sep 15

Trade & Industry

Karachi Chamber urges allowing imports from India

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) on Thursday urged the government to open borders for allowing imports from India, especially in the wake of flood devastation. Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Idrees have appealed the government to immediately allow imports of raw […]

by Hamza Shah

Sep 14

FPCCI rejects central bank’s claim of ‘no import restriction’

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday strongly rejected the claim of the central bank regarding no restriction on imports. FPCCI’s acting president, Suleman Chawla in a statement categorically refuted the claims and assertions made by the State Bank of Pakistan (SBP) that there are no restrictions in place on […]

by Faisal Shah