SITE Association demands dollar availability to avert industrial shutdown
KARACHI: SITE Association of Industry has demanded the government to ensure dollar availability for import of raw material and avert industrial shutdown.
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Tag: SITE Association
Business community mourns demise of SM Muneer
KARACHI: Business community has mourned the demise of renowned business leader SM Muneer, who died yesterday on November 28, 2022. S.M. Muneer business leader of Pakistan who have walked through hard time and become an example to entire Pakistani entrepreneur. The start from the rise of his Din Group of Companies as one of the […]
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Connecting Pakistan, Iran customs stressed to resolve trade issues
KARACHI: Customs authorities of Pakistan and Iran should be connected for improving bilateral trade between the two neighboring countries. Consul General Hassan Nourian, Consul General of Iran said there were two issues impeding trade i.e. banking channel transactions and second one is absence of proper bilateral trade regime between the two countries. Regarding barter trade, […]
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SITE Association demand date extension for income tax return filing
Abdul Rasheed, the President of the SITE Association of Industry, has urged the government to extend the deadline for filing income tax returns, citing the recent heavy rains and floods that have severely impacted business activities across the country.
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Power tariff hike termed disaster for industries
KARACHI: SITE Association on Industry on Saturday termed the significant power tariff as disaster for industries. Abdul Rasheed, President Site Association of Industry, while expressing deep concern over the massive hike in power tariff, Fuel Adjustment Cost (FAC) and reintroduction/ increase in fixed charges, has termed this unbearable upsurge in electricity tariff as disastrous for […]
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Rupee depreciation disaster for industry: SITE Association
KARACHI: SITE Association of Industry on Thursday said that the continuous decline in rupee value against the dollar has brought the industry at verge of collapse. Abdul Rasheed, President, SITE Association of Industry, in a press statement, expressed serious concerns over the silence of State Bank of Pakistan in controlling rupee devaluation. READ MORE: SITE […]
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SITE industrialists reject increase in power tariff, POL prices
KARACHI: SITE Association of Industry (SAI) on Friday strongly rejected the increase in power tariff and prices of petroleum products announced by the government a day earlier. Abdul Rashid, President, Site Association of Industry, Karachi, while expressing deep concern over the recent increase in base tariff of electricity by Rs7.90 per unit, announced by NEPRA, […]
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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
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%
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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