CNIC condition reduces transactions and revenue: FBR

KARACHI: Federal Board of Revenue (FBR) has admitted that the condition of Computerized National Identity Card (CNIC) reduced number transactions as well as shortfall in revenue. “This [CNIC] condition has further reduced... Read more »

Karachi Chamber rejects power tariff hike; demands immediate withdrawal

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has strongly rejected the power tariff hike by K-Electric and demanded the government of immediate withdrawal the relevant notification. In a statement issued on... Read more »

FPCCI demands extending refinance scheme for three months to support employment

KARACHI: The business community has demanded the State Bank of Pakistan (SBP) of extending refinance scheme, which was introduced to prevent layoff owing to coronavirus outbreak, for further three months. The Federation... Read more »

FPCCI lambasts shipping companies, terminal operators for unfriendly behavior

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has lambasted shipping companies and terminal operators for their non-cooperative behavior in trade facilitation, a statement said on Monday. “Efforts by FPCCI... Read more »

Iran ready for barter trade with Pakistan

KARACHI: Iran is ready for barter trade with Pakistan to strengthen the economic ties between the two neighboring countries. Iranian Consul General Reza Nazeri has stressed the need for strengthening trade ties... Read more »

FPCCI praises SBP for timely action to avert coronavirus impact

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has praised State Bank of Pakistan (SBP) for timely action to minimize adverse impact of coronavirus on trade and industry, a statement... Read more »

Iqbal Tabish appointed as FPCCI secretary general

KARACHI: Muhammad Iqbal Tabish has been appointed as general secretary of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) with effect from August 19, 2020, said a statement. FPCCI president Mian... Read more »

NBP makes payment realization mandatory for goods clearance; FPCCI fears delays

KARACHI: Payment realization against financial instruments has been made mandatory for clearance of imported goods from August 10, 2020. In this regard National Bank of Pakistan (NBP) has issued necessary instructions to... Read more »

Tenure extension request of trade bodies rejected: Razak Dawood

KARACHI: Abdul Razzak Dawood, Advisor to Prime Minister on Commerce and Investment, has said that there is no provision in the law to extend tenure of trade bodies. “There is no consideration... Read more »

FPCCI expresses concerns over grant of huge exemptions to FTAs, PTAs

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed concerns over huge amount of exemptions, concessions granted under Free Trade Agreements (FTAs) and Preferential Trade Agreements (PTA). The apex... Read more »