Karachi, October 17, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has lauded the Federal Board of Revenue’s (FBR) decision to temporarily defer the contentious requirement of an affidavit for sales tax returns. The FPCCI’s stance was clearly communicated by its president,
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FPCCI Criticizes KP and Balochistan for Levying Cess
Karachi, October 10, 2024 – Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has strongly condemned the recent decisions by the governments of Khyber Pakhtunkhwa (KP) and Balochistan to impose an Infrastructure Development Cess (IDC) on both imports and exports.
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FPCCI Demands Immediate Policy Rate Cut to Single Digits
Karachi, October 2, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for an urgent and significant reduction in Pakistan’s benchmark policy rate, urging the State Bank of Pakistan (SBP) to lower it to a single digit.
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FPCCI Endorses Army Chief’s Commitment to Economic Stability
Karachi, September 28, 2024 – Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed full support for the Army Chief’s efforts to bring economic stability, growth, and prosperity to Pakistan.
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FPCCI Demands 30-Day Extension for Tax Return Filing Deadline
Karachi, September 28, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday urged the government to extend the deadline for filing income tax returns by a clear 30 days, citing technical challenges and system inefficiencies.
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FPCCI Rejects FBR’s Anti-Business Tax Collection Plan
Karachi, September 25, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) voiced strong opposition on Wednesday to the Federal Board of Revenue’s (FBR) proposed tax collection strategies, criticizing them as detrimental to business interests. FPCCI President Atif Ikram Sheikh condemned any efforts by the FBR to boost revenue through measures perceived as anti-business, urging for a more inclusive, consultative process with key stakeholders.
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Business Community Terms 2% Rate Cut Too Little
Karachi, September 12, 2024 – The business community in Pakistan has voiced its disappointment over the State Bank of Pakistan’s (SBP) decision to cut the key policy rate by 2%, terming it insufficient given the current economic conditions.
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FPCCI Announces Launch of Modern Digital Media Channel
Karachi, September 5, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) announced the launch of a modern digital media platform aimed at addressing key economic, social, and societal issues.
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FPCCI Vehemently Rejects Mini Budget Plan
Karachi, September 3, 2024 — The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) issued a vehement denunciation on Tuesday against any potential plans to introduce a mini-budget aimed at generating additional tax revenue.
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FPCCI Demands Immediate Cut in Policy Rate to 15%
Karachi – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called on the State Bank of Pakistan (SBP) to immediately reduce the key policy rate to 15%. This demand comes in response to what the FPCCI views as insufficient cuts in the policy rate over the last two monetary policy meetings.
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