Tag: FPCCI

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.

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.

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 […]

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.

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, […]

Karachi, November 6, 2024 – Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has urged the government to implement a comprehensive winter package aimed at revitalizing Pakistan’s industrial sector. Sheikh highlighted the pressing need for incentives and cost reductions to ensure industries remain competitive in global export markets.

Karachi, November 4, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed dismay at the State Bank of Pakistan’s (SBP) recent decision to reduce the policy rate by only 2.5%, calling it insufficient for the economic needs of the country. Businesses had hoped for a more substantial cut, at least […]