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Tag: Federation of Pakistan Chambers of Commerce and Industry

Federation of Pakistan Chambers

Pakistan’s apex body wants fixed exchange rate regime

September 12, 2022September 12, 2022Hamza Shahnawaz

KARACHI: The apex trade body of Pakistan on Monday urged the government to reintroduce the regime of fixed exchange rate and stop latest cycle of devaluation of the Pakistani Rupee (PKR) against the US dollar. Irfan Iqbal Sheikh, President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI), in a statement emphasized that the government […]

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Federation of Pakistan Chambers

FPCCI demands SBP to check speculative dollar trading

August 3, 2022August 3, 2022Hamza Shahnawaz

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday demanded the State Bank of Pakistan (SBP) to check speculative dollar trading. FPCCI President Irfan Iqbal Sheikh at a meeting with high level delegation of the SBP visited the Federation House, urged the central bank to use policy tool to check the speculative […]

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Anjum Nisar

Businessmen Panel suggests measures to avert economic crisis

July 20, 2022July 20, 2022Hamza Shahnawaz

KARACHI: The Businessmen Panel (BMP) has suggested measures to the government to avert prevailing economic crisis. In a statement BMP Chairman Anjum Nisar said that the caution of the International Monetary Fund (IMF), Fitch and Moody’s Rating Agencies have also consistently been raised by the business community, urging the authorities that instead of passing on […]

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Federation of Pakistan Chambers

FPCCI warns factories closure as rupee crashes against dollar

July 19, 2022May 29, 2024Hamza Shahnawaz

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday warned closure of factories in the country due to highly volatile rupee/dollar parity.

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Federation of Pakistan Chambers

FPCCI demands 10% cut in petroleum prices

July 13, 2022July 13, 2022Hamza Shahnawaz

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday demanded the government to reduce petroleum prices by at least 10 per cent without any delay. FPCCI president Irfan Iqbal Sheikh in a statement on Wednesday demanded that the government should slash the prices of the petroleum products by 10 percent immediately as […]

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Federation of Pakistan Chambers

FPCCI denounces super tax imposition

June 24, 2022May 11, 2026Hamza Shahnawaz

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has denounced the imposition of super tax by the government to generate additional revenue.

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Federation of Pakistan Chambers

FPCCI identifies tax anomalies in budget 2022-2023

June 22, 2022June 22, 2022Hamza Shahnawaz

KARACHI: Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has identified anomalies in the federal budget 2022-2023. In a statement issued on Wednesday, Shabbir Mansha, Acting President FPCCI, expressed his profound concerns on the glaring anomalies in the federal budget 2022 – 2023. “We have noticed anomalies in custom duties, regularity duties, income tax […]

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Bitcoin

Move to legalize cryptocurrency trading in Pakistan

June 8, 2022June 8, 2022Faisal Shahnawaz

KARACHI: Pakistan apex trade body has moved a proposals to authorities to legalize cryptocurrencies in the country. In this regard, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has recommended changes in tax laws to bring cryptocurrencies under tax net The FPCCI recommended capital gain tax (CGT) at 15 per on income derived […]

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Federation of Pakistan Chambers

Pakistan braces for worst food inflation: FPCCI

June 3, 2022June 3, 2022Faisal Shahnawaz

KARACHI: Pakistan is heading towards the worst food inflation amid hike in tariff of electricity and increase in prices of petroleum products, the apex trade body said on Friday. READ MORE: FPCCI demands fixed tax regime for retailers Suleman Chawla, Acting President of Federation of Pakistan Chamber of Commerce and Industry (FPCCI), in a statement […]

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Federation of Pakistan Chambers

FPCCI demands fixed tax regime for retailers

May 31, 2022May 31, 2022Hamza Shahnawaz

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded the government of a fixed tax regime for retailers. In a statement the FPCCI reminded the finance minister on his promised position to introduce simplified taxation regime on fixed rate basis for the category of the retailers other than the tier-1 retailers, as […]

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  • Fourth of July heatwave puts 160 million Americans under alert
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