Sindh urged to bring down sales tax rate at 10 percent

KARACHI: Sindh Revenue Board (SRB) has been suggested to bring down sales tax on services rate to 10 percent from existing 13 percent to encourage registration of more taxpayers. Overseas Investors Chambers... Read more »

Japan eases inspection for Pakistani mangoes

ISLAMABAD: The Japanese government has eased inspection regime on import of mangoes from Pakistan, a statement said on Friday. The Japanese Ministry of Agriculture, Forestry & Fisheries eased inspection regime for mangoes... Read more »

FPCCI demands elimination of discretionary powers of tax officials

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded withdrawal of discretionary powers of tax officials including multiple selection of audit and entering business premises. Mian Anjum Nisar, President... Read more »

Pakistan Business Council urges Sindh to reopen industries

KARACHI: Pakistan Business Council (PBC) has urged Sindh government to allow industries to reopen with surety of safety compliance to prevent coronavirus. In a letter to Sindh Chief Minister on Wednesday, PBC... Read more »

Textile exporters demand extension in filing duty drawback claim

KARACHI: Textile exporters have demanded the commerce ministry of allowing extension in filing claims for duty drawback up to July 31, 2020. Pakistan Hosiery Manufacturers Association (PHMA) in a statement on Tuesday... Read more »

PBC advocates abolishing anti-dumping duty on raw material used for exports

KARACHI: Pakistan Business Council (PBC) has advocated abolishing anti-dumping duty on imported raw material that are used for export oriented units (EOU). In a letter sent to Abdul Razak Dawood, Advisor to... Read more »

OICCI lauds SECP for improving regulatory environment

KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) has praised Securities and Exchange Commission of Pakistan (SECP) for improving regulatory environment for registered entities. In a statement on Monday the... Read more »

Karachi Chamber demands lifting lockdown completely as corona cases rise above 40,000

KARACHI: Business community has demanded complete ease in lockdown on Sunday as cases of coronavirus have increased to over 40,000 in the country. The government has started easing lockdown since last Monday... Read more »

FPCCI says lowering interest rate by one percent not to help economy

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday said that the decision to lower interest rate by one percent will not help the country to boost especially considering... Read more »

FPCCI recommends audit exemption for commercial importers

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has recommended to allow immunity to commercial importers from audit. In its proposals for budget 2020/2021, the FPCCI said that under the... Read more »