Karachi, June 20, 2023: Amidst economic instability, foreign exchange crisis, and declining exports, the Karachi Chamber of Commerce and Industry (KCCI) has called on the government to reinstate the zero-rating facility to support the survival of five export sectors during liquidity crunch periods.
(more…)Category: Trade & Industry
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President Alvi Calls for Adoption of AI-Based Solutions in Pakistan’s Industries
Islamabad, June 17, 2023: President Dr. Arif Alvi emphasized the urgent need for Pakistan’s business and industrial sectors to embrace Artificial Intelligence (AI)-based solutions to address their challenges and enhance efficiency and productivity.
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FPCCI Urges Immediate Resolution to Anomalies in Budget 2023-24
Karachi, June 17, 2023: The President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Irfan Iqbal Sheikh, has called upon the government to promptly address the anomalies present in the recently announced Budget 2023-24.
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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.
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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.
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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.
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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 budget.
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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.
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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.
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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.
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