Nov 25

FPCCI demands consultations on planned mini-budget

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday demanded the government of consultations with stakeholders on the planned mini-budget. FPCCI President Mian Nasser Hyatt Maggo in a statement expressed his deep concerns over the approach of the government for not taking the apex business, industry, and trade body of Pakistan into […]

by Mrs. Anjum Shahnawaz

FPCCI recommends interprovincial trade of sugar

Nov 24

Trade & Industry

FPCCI recommends interprovincial trade of sugar

KARACHI: Mian Nasser Hyatt Maggo, President, Federation of Pakistan Chambers of Commerce and Industry (FPCC), has recommended trade and transportation of sugar and sugarcane at interprovincial level. In a statement on Wednesday, Maggo observed that market forces allowed under fair and transparent conditions do have the potential to stabilize the sugar market and ensure availability […]

by Faisal Shahnawaz

Apex trade body resents gas supply suspension

Nov 22

Trade & Industry

Apex trade body resents gas supply suspension

KARACHI: The apex trade body of the country has resented the suspension of gas supply to non-export-oriented industries. Mian Nasser Hyatt Maggo, the president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in a statement on Monday expressed his profound concern and disappointment on the government’s decision to suspend gas supply to […]

by Faisal Shahnawaz

Digital mode to disrupt business transactions: FPCCI

Nov 18

Taxation, Trade & Industry

Digital mode to disrupt business transactions: FPCCI

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has said that the digital mode of payment for corporate expenses would disrupt business transactions; because almost all sales in the country are made on credit and this credit is secured through ‘post-dated’ cheques issued by buyers in favor of the sellers. Mian Nasser Hayat […]

by Hamza Shahnawaz

FPCCI suggests FTO should deal with adjudication cases

Nov 18

Taxation, Trade & Industry

FPCCI suggests FTO should deal with adjudication cases

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested that the cases of tax adjudication should be handled by the Federal Tax Ombudsman (FTO). The suggestion has been made to make adjudication more fair, neutral, transparent, and competent resolution. According to a statement issued on Wednesday, the FPCCI President Mian Nasser Hyatt […]

by Hamza Shahnawaz

Direct tea import from Tanzania to reduce prices: FPCCI

Nov 11

Trade & Industry

Direct tea import from Tanzania to reduce prices: FPCCI

KARACHI: The president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Mian Nasser Hyatt Maggohas emphasized that tea prices can be quickly curtailed if imports are facilitated directly from Tanzania, which is a major producer of tea in the world. Pakistan should explore every possible avenue to control food inflation and tea is […]

by Hamza Shahnawaz

FPCCI proposes enhancing SME turnover to Rs1.5 billion

Nov 10

Trade & Industry

FPCCI proposes enhancing SME turnover to Rs1.5 billion

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed to increase the turnover of Small and Medium Enterprises (SMEs) to Rs1.5 billion from existing Rs250 million for treatment of income tax. FPCCI President Mian Nasser Hyatt Maggo, while praising the government for launching the SME Policy, said the defined annual sales turnover […]

by Mrs. Anjum Shahnawaz

FPCCI, IBA to collaborate for budget proposals, research

Nov 9

Trade & Industry

FPCCI, IBA to collaborate for budget proposals, research

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Institute of Business Administration (IBA) have agreed to collaborate in policy research and formulating proposals for federal and provincial budgets. The two institutions have agreed to collaborate in the spheres of Data-based Policy Research; Data Sharing; formulating Proposals for Monetary Policy and Federal & […]

by Hamza Shahnawaz

FPCCI disagrees with high markup on SME financing

Nov 8

Money & Banking, Trade & Industry

FPCCI disagrees with high markup on SME financing

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has denounced high mark-up rate on financing to Small and Medium Enterprises (SMEs) under a scheme announced by the State Bank of Pakistan (SBP). In a statement on Monday, FPCCI President Mian Nasser Hyatt Maggo expressed shock over the interest rate of up to 9 […]

by Faisal Shahnawaz

Nov 6

FPCCI alleges SBP for misguiding on Pak-Iran trade

KARACHI: The apex trade body of the country has alleged the State Bank of Pakistan (SBP) for misguiding the ministry of commerce on Pak-Iran trade. Mian Nasser Hyatt Maggo, President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in a statement on Saturday said that the SBP had misdirected the commerce ministry by […]

by Mrs. Anjum Shahnawaz