CNIC condition reduces transactions and revenue: FBR

KARACHI: Federal Board of Revenue (FBR) has admitted that the condition of Computerized National Identity Card (CNIC) reduced number transactions as well as shortfall in revenue. “This [CNIC] condition has further reduced... Read more »

Karachi Chamber rejects power tariff hike; demands immediate withdrawal

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has strongly rejected the power tariff hike by K-Electric and demanded the government of immediate withdrawal the relevant notification. In a statement issued on... Read more »

Karachi Chamber resents FBR’s decision to install surveillance cameras

KARACHI: Business community has resented the decision of tax authorities to monitor production activities through cameras that will be directed connected to main tax database. M. Shariq Vohra, President, Karachi Chamber of... Read more »

FPCCI demands extending refinance scheme for three months to support employment

KARACHI: The business community has demanded the State Bank of Pakistan (SBP) of extending refinance scheme, which was introduced to prevent layoff owing to coronavirus outbreak, for further three months. The Federation... Read more »

CCP raids cement manufacturers association for possible cartelization

ISLAMABAD: The Competition Commission of Pakistan (CCP) on Thursday raided the central office of All Pakistan Cement Manufacturers Association (APCMA) and seized suspicious record. In a statement the CCP said that as... Read more »

Boycott against foodpanda expands to major cities

KARACHI: Restaurant owners of major cities of the country have joined boycott against foodpanda as food delivery company failed to negotiate, a statement said on Wednesday. The All Pakistan Restaurant Association (APRA),... Read more »

Karachi Chamber disagrees with FBR tax collection analysis

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has expressed disagreement with the analysis released by the Federal Board of Revenue (FBR) regarding tax collection by cities and markets. Agha Shahab Ahmed... Read more »

FPCCI lambasts shipping companies, terminal operators for unfriendly behavior

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has lambasted shipping companies and terminal operators for their non-cooperative behavior in trade facilitation, a statement said on Monday. “Efforts by FPCCI... Read more »

Iran ready for barter trade with Pakistan

KARACHI: Iran is ready for barter trade with Pakistan to strengthen the economic ties between the two neighboring countries. Iranian Consul General Reza Nazeri has stressed the need for strengthening trade ties... Read more »

Restaurants boycott foodpanda over unfair practices

KARACHI: The All Pakistan Restaurant Association (APRA) has protested over the unfair practices by foodpanda and boycotted, also announced to stop food delivery from September 15, 2020 in the first phase in... Read more »