Nov 6

No tax amnesty, no tax rate cut under IMF program: FBR chief

KARACHI: The chairman of Federal Board of Revenue (FBR) Asim Ahmad on Saturday said that under ongoing program of the International Monetary Fund (IMF) the government committed for not granting any tax amnesty scheme and no tax rate cut. FBR chief was talking to business community at the Federation of Chamber of Commerce and Industry […]

by Hamza Shahnawaz

Women entrepreneurs organize breast cancer awareness seminar

Oct 10

National, Trade & Industry

Women entrepreneurs organize breast cancer awareness seminar

KARACHI: Women entrepreneurs belonging to various chambers and associations have organized a seminar for awareness on breast. Women Entrepreneurs Committee of Federation of Pakistan Chambers of Commerce & Industry and Karachi Women Chamber of Commerce and Industry Malir (KWCCI Malir) in collaboration with Samina Alvi Task force organized a seminar on Breast Cancer Awareness aimed […]

by Hamza Shahnawaz

FPCCI seeks statutory time for return filing after error removals

Sep 26

Taxation, Trade & Industry

FPCCI seeks statutory time for return filing after error removals

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI), the apex trade body of the country, has urged the tax authorities to give statutory time for filing tax return after removing all errors in the return form. “Proper legal time for compliance should be granted as per the statute after resolving all problems in […]

by Faisal Shahnawaz

State Bank agrees to clear invoices up to $50,000: FPCCI

Sep 21

Trade & Industry

State Bank agrees to clear invoices up to $50,000: FPCCI

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday said that the State Bank of Pakistan (SBP) has agreed to allow clearance of consignments valuing up to $50,000. FPCCI President Irfan Iqbal Sheikh in a statement apprised the entire business, industry and trade community of Pakistan that in a breakthrough achievement from […]

by Hamza Shahnawaz

Sep 14

FPCCI rejects central bank’s claim of ‘no import restriction’

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday strongly rejected the claim of the central bank regarding no restriction on imports. FPCCI’s acting president, Suleman Chawla in a statement categorically refuted the claims and assertions made by the State Bank of Pakistan (SBP) that there are no restrictions in place on […]

by Faisal Shahnawaz

Pakistan’s apex body wants fixed exchange rate regime

Sep 12

Trade & Industry

Pakistan’s apex body wants fixed exchange rate regime

KARACHI: The apex trade body of Pakistan on Monday urged the government to reintroduce the regime of fixed exchange rate and stop latest cycle of devaluation of the Pakistani Rupee (PKR) against the US dollar. Irfan Iqbal Sheikh, President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI), in a statement emphasized that the government […]

by Hamza Shahnawaz

Businessmen express shock over petroleum price hike in Pakistan

Aug 17

Energy, National, Trade & Industry

Businessmen express shock over petroleum price hike in Pakistan

KARACHI: Businessmen have expresses shock over hike in petroleum prices in Pakistan despite massive reduction in oil prices in international market. The businessmen are in shock and expressed their serious concern over the hike in petroleum products in Pakistan despite the fact that crude oil prices have plunged to below $90 a barrel while the […]

by Hamza Shahnawaz

FPCCI demands SBP to check speculative dollar trading

Aug 3

Trade & Industry

FPCCI demands SBP to check speculative dollar trading

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday demanded the State Bank of Pakistan (SBP) to check speculative dollar trading. FPCCI President Irfan Iqbal Sheikh at a meeting with high level delegation of the SBP visited the Federation House, urged the central bank to use policy tool to check the speculative […]

by Hamza Shahnawaz

Businessmen Panel suggests measures to avert economic crisis

Jul 20

Trade & Industry

Businessmen Panel suggests measures to avert economic crisis

KARACHI: The Businessmen Panel (BMP) has suggested measures to the government to avert prevailing economic crisis. In a statement BMP Chairman Anjum Nisar said that the caution of the International Monetary Fund (IMF), Fitch and Moody’s Rating Agencies have also consistently been raised by the business community, urging the authorities that instead of passing on […]

by Hamza Shahnawaz

FPCCI warns factories closure as rupee crashes against dollar

Jul 19

Trade & Industry

FPCCI warns factories closure as rupee crashes against dollar

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday warned closure of factories in the country due to highly volatile rupee/dollar parity. Suleman Chawla, Acting President FPCCI, in a statement said that the unprecedented volatility in rupee-dollar parity is playing havoc with the economy; and, now imports of essential commodities and […]

by Hamza Shahnawaz