Karachi, February 24, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has strongly advocated for a substantial reduction in customs duties in the upcoming budget 2025-26.
(more…)Tag: FPCCI
-
FPCCI Applauds Separation of Tax Policy from FBR
Karachi, February 17, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has warmly welcomed the government’s decision to separate tax policy from the Federal Board of Revenue (FBR). This reform is seen as a critical step toward enhancing transparency, improving efficiency, and fostering economic growth.
(more…) -
FPCCI supports proposed tax package for property sector
Karachi, February 3, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has extended its full support to the proposed tax package for the property sector, emphasizing its potential to stimulate housing and construction activities across the country.
(more…) -
FPCCI Criticizes Limited SBP Rate Cut
Karachi, January 27, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed its surprise and disappointment over the State Bank of Pakistan’s (SBP) decision to reduce the policy rate by just 100 basis points, despite the marked improvement in key economic indicators.
(more…) -
FPCCI Expresses Concerns on Alarming Drop in Cotton Production
Karachi, January 18, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has raised serious concerns over the drastic decline in cotton production, warning of its potential impact on the economy, especially the country’s textile exports.
(more…) -
FPCCI Declares 2% Rate Cut Insufficient
Karachi, December 16, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed concerns over the recent 2% reduction in the policy rate, terming it insufficient to address Pakistan’s economic challenges. The State Bank of Pakistan (SBP) announced the policy rate cut, reducing it from 15% to 13%, following months of declining inflation.
(more…) -
Cybercrimes Impacting Pakistan’s Digital Economy: FPCCI
Karachi, December 6, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday raised concerns over the growing menace of cybercrimes, warning that such activities are adversely affecting Pakistan’s digital economy.
(more…) -
FPCCI Advocates Establishment of Bank of Balochistan
Karachi, December 2, 2024 – Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has called for urgent measures to address Balochistan’s economic challenges. He proposed establishing a Bank of Balochistan (BoB) to facilitate industrialization, enhance access to finance, and drive sustainable development in the province.
(more…) -
FPCCI President Announces Rs 5 Billion Seed Fund for Air Karachi
Karachi, November 28, 2024 – Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), announced an initial Rs 5 billion seed fund for the launch of a new airline, Air Karachi. This initiative, spearheaded by prominent business leaders, aims to revolutionize air travel in Pakistan.
(more…) -
FPCCI Criticizes Changes in Petroleum Act 1934 Amendments
Karachi, November 16, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has voiced strong objections to the recent amendments made to the Petroleum Act of 1934. The amendments, introduced on August 5, 2023, particularly Clauses A, B, and C, categorize certain petrochemicals, but have raised significant concerns among chemical importers, traders, and industrialists.
(more…)