Unfriendly economic conditions have had a significant impact on the private sector credit offtake in Pakistan, with bank loans falling by 80 percent during the first ten months of the 2022-2023 fiscal year.
The President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Irfan Iqbal Sheikh, has called on the State Bank of Pakistan (SBP) to immediately discontinue the practice of commercial banks and Authorized Dealers charging 3 to 9 percent in foreign exchange fines or lien-marking on exporters’ accounts for unfounded but deemed delays in […]
The Pakistan Business Council (PBC) has proposed several measures to the Federal Board of Revenue (FBR) in order to tackle the problem of under-invoicing by commercial importers.
The Pakistan Business Council (PBC) has proposed increasing the burden on non-filers of income tax in the upcoming budget 2023-2024.
Sohail Nisar, the Senior Vice Chairman of the Pakistan Yarn Merchants Association (PYMA), has expressed concern over the discontinuation of the gas concession package for the textile sector by the Oil & Gas Regulatory Authority (OGRA) following the discontinuation of the electricity concession package.
The Federal Board of Revenue (FBR) did not meet its revenue collection target from cigarette sales in April 2023, despite the sharp increase in Federal Excise Duty (FED) on the tobacco industry through the mini-budget in February this year.
A group of investors sponsored by J.P. Morgan visited the Overseas Investors Chamber of Commerce and Industry (OICCI) on May 03, 2023 to gather insights on the investment and business conditions prevailing in Pakistan.
Ismail Suttar, the chairman of Salt Manufacturers Association of Pakistan (SMAP), urged the government to expedite the process of registering pink salt as a Geographical Indication (GI) tag product through the Intellectual Property Organization.
According to recent data released by the All Pakistan Cement Manufacturers Association, cement despatches in April 2023 saw a decline of 16.55% as compared to the same month last fiscal year.
Unilever Pakistan Foods Limited has achieved a remarkable 87% increase in profit after tax for the quarter ending in March 2023, despite challenging economic conditions.