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PYMA delegation visits International Trade & Industrial Fair

KARACHI: A delegation of Pakistan Yarn Merchants Association(PYMA), Led by Saqib Naseem, Chairman, visited the International Trade & Industrial Fair at Karachi. Fair was organized by Ecommerce Gateway Pakistan. Muhammad Junaid Teli, Vice Chairman, Khurshid A. Shaikh former Central Chairman, Muhammad Usman, former Central Chairman, M. Saqib Goodluck, former Zonal Chairman, Khurram Bharara, former Zonal Vice Chairman, Sohail Nisar, former ... Read More »

RCCI inks MoU with Ceylon Chamber of Commerce Sri Lanka at Colombo Business Conference

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) inked a Memorandums of Understanding (MoUs) with the Ceylon Chamber of Commerce Sri Lanka and the Federation of Industry and Commerce of Sri Lanka (FCCISL) at the Pakistan-Sri Lanka Business Opportunities Conference at a local hotel in Colombo. RCCI President Nadeem Rauf and Manjula de Silva, Secretary General and CEO, The ... Read More »

RCCI organizes trade & investment conference in Sri Lanka

RAWALPINDI: The first Pak-Sri Lanka Trade and Investment Conference, being organized by the Rawalpindi Chamber of Commerce and Industry (RCCI), was inaugurated by Dr. Bandula Gunawardana, Minister of Trade Sri Lanka in Colombo, the capital of Sri Lanka. The major aim of this BOC was to enhance bilateral trade relations and improve connectivity among trade partners and at chamber of ... Read More »

Rise in interest rate disastrous: EFP

KARACHI: President, Employers’ Federation Pakistan, Ismail Suttar, was completely bemused by the central bank’s actions towards the recent inflation rates. He affirmed that the State Bank’s action to run riot in increasing the level of already augmented interest rates to all high 8.75% proves that there is an absolute uncertainty about the correlation between inflation and interest rates in our ... Read More »

KCCI to fully support general industries’ stance against gas suspension

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Idrees has said that KCCI fully supports general industries’ resistance against suspension of gas supplies as it would not only affect their own production but would also have a severe impact on the export-oriented industries as well because both were linked with each other and it was these general industries ... Read More »

Karachi industrialists lambasted non-provision of gas

KARACHI: Chairman of BMG and Patron-in-Chief of SITE Association Zubair Motiwala, Vice Chairman BMG M. Jawed Bilwani, President SITE Association Abdul Rasheed, SVP Saud Mahmood, VP Muhammad Kamran Arbi, Chairman Energy Sub-Committee Saleem Parekh and Immediate Past President Abdul Hadi, have expressed serious concerns over non-provision of gas to export and general industries of SITE area Karachi and have demanded ... Read More »

RCCI strongly resents 150 basis points hike in SBP’s interest rate

RAWALPINDI: The Rawalpindi Chamber of Commerce & Industry (RCCI) on Friday showed strong reservations for increasing 150 basis points in the interest rate by the State Bank of Pakistan taking it from7.25 percent to 8.75 percent. The RCCI President Nadeem Rauf in a statement urged the government to withdraw the hike as it would increase the credit cost of commercial ... Read More »

Chairman MPBC visits RCCI, hints MATRADE office in Pakistan

RAWALPINDI: Datu Sri Nazir Meraslam, Chairman, Malaysia-Pakistan Business Council (MPBC), visited the Rawalpindi Chamber of Commerce and Industry (RCCI) and called on President Nadeem Rauf and other officials. RCCI President Nadeem Rauf, gave a detailed briefing on Chamber current and upcoming events. The RCCI President gave a briefing to the Chairman of Malaysia-Pakistan Business Council on the ongoing activities of ... Read More »

Sindh govt urged to adopt similar strategies as done in dealing with Bolton Market incident in 2009

KARACHI: While recalling how excellently the then government under the leadership of President Asif Zardari gave go ahead within minutes for compensation and rehabilitation of Bolton Market fire incident in 2009, Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Idrees urged that similar kind of attitude has to be adopted once again ... Read More »

Indonesia wants to further develop trade, economic relations: CG

KARACHI: Consul General of Indonesia Dr. Jun Kuncoro Hadiningrat has said that Indonesia wants to further develop trade and economic relations with Pakistan by boosting cooperation between the business communities and encourages linkages between the youth of both the brotherly countries. Exchanging views at a meeting during his visit to the Karachi Chamber of Commerce & Industry (KCCI), the Indonesia ... Read More »

RCCI “Pindi Food Fest” ends on a high note

RAWALPINDI: A large number of citizens flocked to the three-day food festival at Ayub Park organized by the Rawalpindi Chamber of Commerce and Industry (RCCI). Huge number of families, children and the elderly attended the food fair. RCCI President Nadeem Rauf while sharing details informed that during the three-day festival, more than forty stalls of various regional and traditional foods ... Read More »

Early detection, only prevention for breast cancer: Samina Arif Alvi

KARACHI: The First Lady Samina Arif Alvi has stressed that early detection is the only prevention for dealing with the life-threatening disease of breast cancer as 98 percent of the women survive when they are diagnosed with breast cancer earlier but unfortunately, majority of the breast cancer patients in Pakistan are diagnosed belatedly when cancer reaches third stage, resulting in ... Read More »

Bangladesh High Commissioner visits RCCI “Pindi Food Festival”

RAWALPINDI: High Commissioner of Bangladesh Ruhul Alam Siddique along with his family visited the three-day “Pindi Food Festival” being organized by the Rawalpindi Chamber of Commerce and Industry (RCCI) at Ayub Park. RCCI President Nadeem Rauf, Senior Vice President Asim Malik, Vice President Talat Awan, former presidents, members of the executive committee and chamber members were also present on the ... Read More »

RCCI “Pindi Food Festival” begins at Ayub Park

RAWALPINDI:  A three-day “Pindi Food Festival” being organized by the Rawalpindi Chamber of Commerce and Industry (RCCI) begins at Ayub Park from November 12 to 14. Chairman Kashmir Committee Shahriyar Afridi inaugurated the food festival at Ayub Park. RCCI President Chaudhry Nadeem Rauf, Group Leader Sohail Altaf, Senior Vice President Asim Malik, Vice President Talat Awan, executive members and a ... Read More »

11pc customs duty on polyester yarn be brought down to 7pc: PYMA

KARACHI: Central Chairman of Pakistan Yarn Merchants Association (PYMA) Saqib Naseem has stressed that the existing custom duty of 11 percent on polyester yarn has to be brought down to 7 percent as done in the past when the previous governments provided this much-needed relief through Textile Packages that led to improving the overall productivity of textile manufacturers and also ... Read More »

OICCI recommends robust policy measures for long-term energy sector reform

ISLAMABAD: The Overseas Investors Chamber of Commerce and Industry (OICCI) has proposed liberalisation and transformation of the monopolistic power market into a multi buyer-seller marketplace considering that the exclusivity to sell and distribute for DISCO’s is scheduled to terminate in 2023. This will create options for power purchasers as well as producers to enter bilateral deals i.e., energy sale via ... Read More »

KCCI’s help sought in dealing with police highhandedness at Jama Markets

KARACHI: Members of a delegation from Jama Alliance Market Association (JAMA), while expressing deep concerns over rising incidents of thefts in the Jama Markets and the poor behavior of police officers in dealing with shopkeepers, requested the Karachi Chamber to take up this serious issue with the high-ups in police department in order to put an end to the highhandedness ... Read More »

RCCI urges for industrial zones around Ring Road

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) has urged Rawalpindi Development Authority (RDA) to establish industrial and economic zones along the Ring Road. If industrial zones are not established, the status of the Ring Road would be reduced to a single road. The relocation of goods transportation, company warehouses and the General Bus stand at Ring Road will ... Read More »

Nigerian HC for setting up Joint Chamber, direct flights to facilitate trade, investment ties

KARACHI: High Commissioner of Nigeria Mohammed Bello Abioye has said that although an agreement was signed for setting up joint Chamber of Commerce & Industry between Nigeria and Pakistan in 2015 but no progress has been made in this regard to date. “Setting up a joint Chamber was very necessary to improve trade and investment cooperation between the two countries ... Read More »

Industrialists lauded K-E Bin Qasim Power Station

KARACHI: Faisal Moiz Khan, President North Karachi Association of Trade & Industry (NKATI), VP Naeem Haider have welcomed the Bin Qasim Power Station III project by K-Electric for uninterrupted supply of electricity to domestic, commercial & industrial consumers and termed it as very welcome for industrial production activities. In a statement, office-bearers said that energy is the main raw material ... Read More »