Dec 13

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 […]

by Faisal Shahnawaz

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 […]

by Faisal Shahnawaz

Export orders under threat as gas supply to industries suspended

Jun 20

Trade & Industry

Export orders under threat as gas supply to industries suspended

KARACHI: Industrial activities come to a standstill as gas supply was suspended by Sui Southern Gas Company (SSGC). The suspension would affect meeting export orders. Abdul Hadi, President, Site Association of Industry, while expressing deep concern on Saturday over non-supply of gas to the industries of the site area, said that Sui Southern Gas Company […]

by Mrs. Anjum Shahnawaz

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 […]

by Mrs. Anjum Shahnawaz

SITE Association hails FBR chairman’s no bank account freezing decision

May 10

Trade & Industry

SITE Association hails FBR chairman’s no bank account freezing decision

KARACHI: SITE Association of Trade and Industry on Friday hailed the very first decision by Shabbar Zaidi after assuming the charge as the chairman of Federal Board of Revenue (FBR) regarding curtailing powers of tax officers in recovery cases. “First decision taken by the Chairman will restore confidence of tax filers on FBR,” Saleem Parekh, […]

by Faisal Shahnawaz

Pakistan unlikely to get benefit from 2nd phase of China FTA: SITE Association

Apr 26

Trade & Industry

Pakistan unlikely to get benefit from 2nd phase of China FTA: SITE Association

KARACHI: Pakistan may not get benefit from the 2nd phase of Pak China FTA as Chinese imports of $2 trillion are either of raw materials or high-tech equipment. “Pakistan does not have the industrial and technical base to produce high-tech equipment such as computers, ICs, telecommunication equipment & automobiles,” Saud Mahmood, Chairman SITE Taxation and […]

by Faisal Shahnawaz

Industry demands separate gas line to avoid losses

Mar 6

Trade & Industry

Industry demands separate gas line to avoid losses

KARACHI: The business community has demanded separate gas line for industries and CNG stations in order to avoid production losses. Saleem Parekh, President, SITE Association of Trade and Industry in a statement on Wednesday said that the common gas line for industries and CNG stations is a ‘hurdle in industrial production’ and also the main […]

by Faisal Shahnawaz