Oct 16

FPCCI rejects hike in petroleum, electricity prices

The Businessmen Panel (BMP) of Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) has rejected hike in prices of petroleum products and electricity. BMP Chairman Mian Anjum Nisar, while strongly reacting to increase in electricity base tariff by Rs 1.39 per unit for the second time in one year, along with exorbitant hike of […]

by Mrs. Anjum Shahnawaz

FPCCI criticizes restoring bank account freezing powers

Oct 13

Trade & Industry

FPCCI criticizes restoring bank account freezing powers

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday expressed serious reservations over restoration of powers to officers of Inland Revenue (IR) in freezing bank accounts without approval. FPCCI President Mian Nasser Hyatt Maggo recorded his strong reservations on the attachment of bank account under section 140 of the income tax ordinance, […]

by Mrs. Anjum Shahnawaz

Business community mourns Abdul Qadeer’s demise

Oct 11

Trade & Industry

Business community mourns Abdul Qadeer’s demise

KARACHI: Pakistan’s business community has mourned the demise of Dr. Abdul Qadeer Khan, who was legendary scientist and father of Pakistan’s nuclear program. Mian Nasser Hyatt Maggo, President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), in a statement said that the entire business, industry and trade community of Pakistan is mourning the […]

by Mrs. Anjum Shahnawaz

FPCCI expresses annoyance over gas suspension

Oct 8

Trade & Industry

FPCCI expresses annoyance over gas suspension

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed annoyance over suspension in gas supply to industrial sector. Mian Nasser Hyatt Maggo, President FPCCI, in a statement on Friday expressed his profound concerns over yet another gas supply suspension for 72 hours for the industrial areas of Sindh and Balochistan. It will […]

by Mrs. Anjum Shahnawaz

FPCCI demands tax return filing date extension

Sep 28

Trade & Industry

FPCCI demands tax return filing date extension

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday demanded the tax authorities of extending the return filing date at least for two months. In a statement, FPCCI President Mian Nasser Hyatt Maggo, demanded the Federal Board of Revenue (FBR) to extend the deadline for tax filing by two months to facilitate […]

by Hamza Shahnawaz

Business community rejects hike in oil prices

Sep 18

Trade & Industry

Business community rejects hike in oil prices

KARACHI: The business community has rejected the increase in prices of petroleum products and demanded the government to immediately withdraw the decision. Anjum Nisar, chairman of Businessmen Panel, which is ruling body of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in a statement on Saturday said the move will hit the industry hard. […]

by Faisal Shahnawaz

FPCCI recommends cut in key policy rate by 100bps

Sep 13

Trade & Industry

FPCCI recommends cut in key policy rate by 100bps

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has recommended a reduction of 50 – 100 basis points in the key policy rate, according to a statement issued on Monday. The existing policy rate is seven per cent. A monetary policy survey – conducted recently prior to SBP’s Monetary Policy Committee (MPC) meeting […]

by Mrs. Anjum Shahnawaz

Pakistan, Iran should devise payment mechanism

Aug 24

Trade & Industry

Pakistan, Iran should devise payment mechanism

KARACHI: The two central banks of Pakistan and Iran should devise a mechanism for swift payment in order to enhance bilateral trade between the two countries. Mian Nasser Hyatt Maggo, President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said on Tuesday while welcoming Hassan Nourian, Consul General of Islamic Republic of Iran […]

by Faisal Shahnawaz

PKR stability must for economic growth: Anjum Nisar

Aug 14

Money & Banking, Trade & Industry

PKR stability must for economic growth: Anjum Nisar

Mian Anjum Nisar, Chairman, Businessmen Panel and former president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has said that economic growth is not possible without stability of Pak Rupee (PKR). In a statement issued on Saturday, he urged the government to control instability of rupee against the US dollar, as the greenback […]

by Mrs. Anjum Shahnawaz

FPCCI urges reconsidering COVID lockdown decision

Jul 30

Trade & Industry

FPCCI urges reconsidering COVID lockdown decision

KARACHI: The apex trade body of the country on Friday urged the Sindh government to review its lockdown decision. The Sindh government announced a strict lockdown in the province to prevent the spread of coronavirus. Mian Nasser Hyatt Maggo, President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) appealed the Sindh government to […]

by Mrs. Anjum Shahnawaz