May 17, 2022

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Pakistan Revenue

Tag: SITE Association

Industry cries foul as gas suspension halts production
Jan 30
Trade & Industry

Industry cries foul as gas suspension halts production

KARACHI: The industry has cried foul over suspension of natural gas, which has halted the manufacturing activities resulting dishonoring export orders. The Industrialists of SITE Karachi have stringed up protesting banners over various roads and roundabouts of industrial areas against Gas load shedding, appealing the Prime Minister for uninterrupted supply of gas to industries of […]

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EOBI to launch self assessment scheme for employers
Dec 22
Top stories, Trade & Industry

EOBI to launch self assessment scheme for employers

KARACHI: Employees Old-Age Benefits Institution (EOBI) has proposed a self assessment scheme under which the institution may select companies through random balloting for audit. EOBI Chairman Shakeel Ahmed Mangnejo said that for the convenience of employers as well as to encourage more contributions from them, a Self-Assessment Scheme is proposed in the upcoming amendment into […]

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SITE Association demands reversing policy rate at 7%
Dec 16
Trade & Industry

SITE Association demands reversing policy rate at 7%

KARACHI: Site Association of Industries (SAI) has demanded the State Bank of Pakistan (SBP) to immediately withdraw the increase in policy rate and bring it back at 7 per cent. In a statement issued on Thursday, SAI President Abdul Rasheed rejected further 100 basis points rise in interest rates calling for its immediate reversal especially […]

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SITE industrialists condemn gas suspension
Dec 13
Trade & Industry

SITE industrialists condemn gas suspension

KARACHI: Abdul Rasheed, President, SITE Association of Industries (SAI), has criticized the suspension of gas supply to all non-export general industries. In a statement issued on Monday, while totally rejecting SSGC’s imprudent decision to suspend gas supply to all non-export general industries, he demanded that instead of doing so, the SSGC should carry out staggered […]

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SITE Association signs MoU for tax return filing
Dec 9
Taxation, Trade & Industry

SITE Association signs MoU for tax return filing

KARACHI: SITE Association of Industry has signed a Memorandum of Understanding (MoU) with Befiler for facilitating its members and their employees in tax filing, and related business services for promoting compliance culture among its member organizations. Patron-in-Chief of SITE Association, Muhammad Zubair Motiwala graced the signing ceremony with his presence. Abdul Rasheed, President, SITE Association […]

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FBR criticized for delaying sales tax refunds under FASTER module
Oct 25
Trade & Industry

FBR criticized for delaying sales tax refunds under FASTER module

KARACHI: Business community has criticized Federal Board of Revenue (FBR) for delaying release of sales tax refunds under newly launched Fully Automated Sales Tax e-Refunds (FASTER) module. Suleman Chawla, President of SITE Association of Industry, while expressing deep concerns over the poor performance of the recently launched Fully Automated Sales Tax e-Refunds (FASTER) module, stated […]

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