KARACHI: Overseas Investors Chamber of Commerce and Industry (OICCI) on Friday released results of its Business Confidence Index (BCI) Survey – Wave 17, which shows that the overall Business Confidence in Pakistan stands at negative 12 percent, a 26 percent decline from the 14 percent positive recorded in the Wave 16 results announced in May last year.
(more…)Category: Trade & Industry
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APTMA demands release of RPOs before issuance of promissory notes
KARACHI: All Pakistan Textile Mills Association (APTMA) on Thursday demanded the Federal Board of Revenue (FBR) to release all Refund Payment Orders (RPOs) before issuance of proposed promissory notes.
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Port Qasim launches night navigation system
KARACHI: Pakistan has inaugurated the night navigation system for large vessels at Port Qasim, marking a significant milestone in the country’s maritime history.
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FPCCI to move review petition in demolition of illegal constructions
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has announced its decision to file a review petition before the Supreme Court of Pakistan (SCP) concerning the demolition of illegal and unauthorized constructions in Karachi.
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FPCCI welcomes decision for making Torkham Border operational
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed its approval of the government’s decision to make the Torkham Border operational around the clock.
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Income tax returns, sales tax procedure to be simplified: Asad Umar
KARACHI: Finance Minister Asad Umar has expressed his resolve to simplify income tax return forms and sales tax procedure to facilitate business community.
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New policy to review 7,000 tariff lines for enhancing exports, investment: Razak Dawood
KARACHI – Abdul Razak Dawood, the Adviser to the Prime Minister on Commerce and Textile, announced on Saturday that the Pakistani government is set to review 7,000 customs tariff lines as part of a comprehensive new national tariff policy.
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PBC resents restoration of final tax regime for commercial importers
The business association representing multinational companies (MNCs), the Pakistan Business Council (PBC), has strongly criticized the proposed restoration of the Final Tax Regime (FTR) for commercial importers, urging the government to reconsider its decision. The PBC’s concerns were voiced in response to the Finance Supplementary (Second Amendment) Bill of 2019.
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KCCI hopes reform package to boost industrialization
Karachi Chamber of Commerce and Industry (KCCI) has expressed hopes that reform package to boost industrialization.
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Phone tax ban hampers sales tax collection: SRB chairman
KARACHI – The imposition of restrictions on sales tax collection for telephone services by the Supreme Court of Pakistan has had a detrimental impact on overall revenue collection, as stated by Khalid Mahmood, Chairman of the Sindh Revenue Board (SRB).
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