Sep 12

Pakistan’s apex body wants fixed exchange rate regime

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 […]

by Hamza Shahnawaz

FPCCI demands SBP to check speculative dollar trading

Aug 3

Trade & Industry

FPCCI demands SBP to check speculative dollar trading

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 […]

by Hamza Shahnawaz

Businessmen Panel suggests measures to avert economic crisis

Jul 20

Trade & Industry

Businessmen Panel suggests measures to avert economic crisis

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 […]

by Hamza Shahnawaz

FPCCI warns factories closure as rupee crashes against dollar

Jul 19

Trade & Industry

FPCCI warns factories closure as rupee crashes against dollar

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. Suleman Chawla, Acting President FPCCI, in a statement said that the unprecedented volatility in rupee-dollar parity is playing havoc with the economy; and, now imports of essential commodities and […]

by Hamza Shahnawaz

FPCCI demands 10% cut in petroleum prices

Jul 13

Energy, Trade & Industry

FPCCI demands 10% cut in petroleum prices

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 […]

by Hamza Shahnawaz

Jun 24

Taxation, Trade & Industry

FPCCI denounces super tax imposition

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has denounced the imposition of super tax by the government to generate additional revenue. FPCCI acting president Shabbir Mansha denounced imposition of 10 percent super tax on large industries; which already pay hefty corporate tax of 29 percent and generate millions of jobs in the […]

by Hamza Shahnawaz

FPCCI identifies tax anomalies in budget 2022-2023

Jun 22

Budget 2022-2023, Trade & Industry

FPCCI identifies tax anomalies in budget 2022-2023

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 […]

by Hamza Shahnawaz

Jun 8

Move to legalize cryptocurrency trading in Pakistan

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 […]

by Faisal Shahnawaz

Pakistan braces for worst food inflation: FPCCI

Jun 3

Trade & Industry

Pakistan braces for worst food inflation: FPCCI

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 […]

by Faisal Shahnawaz

FPCCI demands fixed tax regime for retailers

May 31

Trade & Industry

FPCCI demands fixed tax regime for retailers

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 […]

by Hamza Shahnawaz