Ashfaq Tola Dispels Pakistan Default Rumors
Karachi, June 17, 2023: Ashfaq Tola, the Minister of State for Revenue, addressed concerns and dispelled rumors regarding Pakistan’s potential default on its financial obligations.
Continue Reading
Category: Trade & Industry
FPCCI Expresses Disappointment over Maintaining Status Quo in Policy Rate
Karachi, June 14, 2023: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has voiced its disappointment regarding the decision to maintain the benchmark policy rate unchanged.
Continue Reading
Budget 2023-24 lacks measures to stabilize economy: OICCI
KARACHI: The recently announced budget for the fiscal year 2023-24 in Pakistan has drawn criticism from the Overseas Investors Chamber of Commerce and Industry (OICCI) for its lack of measures to stabilize the country’s economy.
Continue Reading
Pakistan’s Business Community Criticizes Federal Budget, Deems it Unrealistic
Karachi, June 9, 2023 – Irfan Iqbal Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), representing the entire business community, expressed concern over the federal budget 2023-24, stating that it presents an unrealistic picture of the economy. The business community is particularly interested in uncovering any hidden taxes within the […]
Continue Reading
Pakistan Economic Survey 2022-23: Restrictions Impede Manufacturing Growth
Islamabad, June 8, 2023: According to the Pakistan Economic Survey 2022-23, the manufacturing sector has faced significant setbacks due to the impact of high interest rates, import restrictions, and the global economic slowdown.
Continue Reading
Inflation Leads to Drastic Decrease in Customer Numbers, Shopkeepers Express Concerns
Karachi, June 7, 2023 – Shopkeepers in Karachi have reported a significant decline in customer numbers due to the alarming levels of inflation.
Continue Reading
Tobacco Farmers Demand Relief as Government’s Policies Plunge Them into Crisis
Tobacco farmers in Pakistan are up in arms against what they perceive as the government’s unfair policies, as the recent increase in federal excise duty (FED) on cigarettes has pushed them into a deep crisis.
Continue Reading
Karachi Logistic Enterprise to Export Mangoes to Xinjiang via Land Route
Sadequain Shipping Line, a logistics company based in Karachi, is set to transport Pakistani mangoes to the Xinjiang Uyghur Autonomous Region in China through a land route later this month.
Continue Reading
SMEDA Invites UNISAME to Address Dollar Shortage Faced by SME Importers
Karachi, June 6, 2023: The Small and Medium Enterprises Development Authority (SMEDA) has extended an invitation to the Union of Small and Medium Enterprises (UNISAME) to discuss the pressing issues faced by SME importers due to the unavailability of dollars. The meeting is scheduled to take place on June 7 at SMEDA’s provincial office in […]
Continue Reading
Pakistan Urged to Implement Urgent Measures to Stem Foreign Currency Outflow
In a bid to address the escalating issue of illegal transfer of foreign currencies outside Pakistan, the Pakistan Hotels Association has submitted proposals for the budget of 2023-2024.
Continue Reading