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RPO Rawalpindi visits RCCI assures full support to business community

RAWALPINDI: Regional Police Officer Imran Ahmer has said that the business community is the backbone of the economy. If there is peace in the city then investors and traders will be able to do business with confidence. The role of the business community is very important in promoting economic activities. The efforts of the Rawalpindi Chamber are commendable in promoting ... Read More »

RCCI urges consultation for the upcoming budget 2021-22

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) that the budget for the next financial year 2021-22 should be prepared in consultation with the stakeholders. The Chamber’s recommendations should be included in the budget. In a statement, Muhammad Nasir Mirza, President RCCI said that the Pakistani economy is currently facing many challenges. “We demand that electricity and gas prices ... Read More »

FBR chairman urged to reduce turnover tax on Yarn traders

KARACHI: Farhan Ashrafi, Vice Chairman of Pakistan Yarn Merchants Association(PYMA) & convener FPCCI’s Central Standing Committee on Yarn Trading and Khurram Bharaa, former SVP, have demanded Muhammad Javed Ghani, Chairman Federal Board of Revenue (FBR) to withdraw 1.5 turnover tax imposed on yarn traders and restore the previous rate of 0.1%. Otherwise, the majority of yarn traders will be forced ... Read More »

Sindh govt will consider North Karachi Zone 2 project

KARACHI: Jam Ikramullah Dharejo, Minister for Industries & Commerce Sindh, has said that Sindh government stands with the industrialists. PPP Chairman Bilawal Bhutto Zardari’s vision and Sindh Chief Minister Syed Murad Ali Shah are creating more industrial zones. Which will create vast opportunities for industrial development and employment, while the Sindh government will consider the proposal of Faisal Moiz Khan, ... Read More »

SITE-SSGC agree to form working group

KARACHI: SITE Association of Industry and SSGC have agreed in principle to form a Working Group. The very purpose of the Working Group is to get detailed awareness about the gas related issues, being faced by the industries of SITE area which is the oldest & largest industrial zone of Pakistan. The Working Group will also suggest measures to resolve ... Read More »

RCCI lauds decrease in POL prices, urge govt to pass on the benefits to the masses

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) President Muhammad Nasir Mirza while lauding the move Government to reduce petroleum prices. In a statement, he said the government should ensure that the impact of the cuts must be shifted to the masses. Petrol and diesel prices have a direct impact on transportation costs. According to the Pakistan Bureau of ... Read More »

KCCI appeals Sindh govt to relook decision to shut down business activities for two days a week

KARACHI: Chairman Businessmen Group & Former President KCCI Zubair Motiwala and President Karachi Chamber of Commerce & Industry (KCCI) Shariq Vohra have appealed the Sindh Government to relook the decision to shut down all types of commercial/ business activities for two consecutive days a week which was tantamount to mass killing of the already perturbed small traders and shopkeepers who ... Read More »

RCCI lauds CPO role in maintaining law and order in the city

RAWALPINDI: The Rawalpindi Chamber of Commerce and industry (RCCI) President Muhammad Nasir Mirza called on City Police Officer (CPO) Rawalpindi Ahsan Younis. Talking to the President Chamber, CPO Ahsan Younis said that work on the Safe City project for Rawalpindi city is underway. Modern technology is essential to curb crime, and the Department of Police will provide all kinds of ... Read More »

KCCI welcomes appointment of Hammad Azhar as Finance Minister

KARACHI: Chairman Businessmen Group (BMG) & Former President KCCI Zubair Motiwala and President KCCI Shariq Vohra, while warmly welcoming the appointment of Hammad Azhar as Federal Finance Minister, stated that the business & industrial community of Karachi highly appreciates and fully supports Prime Minister’s prudent decision and hopes that the newly appointed Finance Minister would take necessary practical steps to ... Read More »

LCCI releases Budget Proposals 2021-22

LAHORE: The Lahore Chamber of Commerce & Industry on Wednesday released its proposals for Federal Budget 2021-22 and hoped that these would be made part of the policies for the upcoming financial year. The proposals have been forwarded to the Finance Minister Hammad Azher, Minister for Industries, PM Advisor to Commerce Abdul Razak Dawood, Chairman FBR and other concerned departments. ... Read More »

ACCA empowering women in finance globally

KARACHI: ACCA (the Association of Chartered Certified Accountants) publishes inspiring personal journeys of several women in finance from around the world in the new ‘Leading Inclusion: Simple Steps and Significant Leaps’ report. Detailing a unique mix of experiences from ACCA’s members and future members, this latest report highlights the opportunities and obstacles they have faced in their pursuit of success. ... Read More »

Nepal ambassador visits RCCI, urges for direct flights to promote bilateral trade

RAWALPINDI: Ambassador of Nepal Tapas Adhikari, has stressed that Pakistan International Airline (PIA) should explore the possibility of starting direct flights between Islamabad and Kathmandu that would help in promoting two-way trade between the two countries. Both the countries enjoy cordial relationships and with resumption of flights this will further strengthen the close trade ties between the two countries. The ... Read More »

PYMA urges Razak Dawood for removal of additional customs duty, RD on Synthetic Yarns

KARACHI: Hanif Lakhany, Senior Vice Chairman Pakistan Yarn Merchants Association(PYMA), has requested to Abdul Razak Dawood, Adviser on Trade & Investment to fulfil his promise for removal of additional customs duty and regulatory duty on Synthetic Yarns, which is the raw material of the textile industry. He said that the government should play a role in providing raw materials to ... Read More »

RCCI organizes Investor conference on Railways land

RAWALPINDI: Federal Minister for Railways Azam Khan Swati while addressing a conference on investment in  Railways Land organized by Rawalpindi Chamber of Commerce and Industry (RCCI) through video link said that unfortunately Railways has been in disrepute for the last 70 years. I want to send a message to all developers and investors to invest with security in railways land. ... Read More »

PYMA plea to extend the date for updating taxpayers’ profiles

KARACHI: Hanif Lakhany, Vice President, Federation of Pakistan Chambers of Commerce & Industry (FPCCI) & Senior Vice Chairman Pakistan Yarn Merchants Association(PYMA) and Vice Chairman Farhan Ashrafi & convener FPCCI’s Central Standing Committee on Yarn Trading, has asked the Chairman Federal Board of Revenue(FBR) to extend the date for updating taxpayers’ profiles by 6 months, so that Taxpayers can easily ... Read More »

RCCI inks MOU with Beijing Huahe International

RAWALPINDI:  The Rawalpindi Chamber of Commerce and Industry (RCCI) inked a memorandum of understanding (MoU) with Beijing Huahe International Business Consulting Co. Ltd aiming to strengthen mutual understanding between the trade and investment circles of China and Pakistan, further expand cooperation between Chinese and Pakistani entrepreneurs and promoting the trade and investment cooperation. The document was signed by RCCI President ... Read More »

RCCI expresses deep concern over proposed ordinances to impose Rs290b taxes & abolishing tax exemptions

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) President Mohammad Nasir Mirza has expressed deep concern over the government’s proposed money bill to abolish income tax exemption and termed it a mini budget. He said that as per media  reports a summary in this regard has been approved by the federal cabinet where about 77 proposals are under consideration ... Read More »

SAI chief demands start of infrastructure works, setting of CETP in SITE area

KARACHI: Secretary Industries Sindh Muhammad Riazuddin has assured the industrialists of SITE area to play his due role in resolving issues being faced by industries of SITE area and improve its infrastructure on priority basis so as to continue industrial production unabated. He paid a visit to the SITE area on the invitation of  Abdul Hadi, President SITE Association of ... Read More »

Abolish taxes on PFY to prevent cancellation of export orders: Khawar, Khalid

KARACHI: Importers and traders of Polyester Filament Yarn (PFY), which is the basic raw material of textile industry and small & medium units, has termed excessive rise in prices in local markets as catastrophic for exports and appealed to Prime Minister Imran Khan to take steps to save the industry from catastrophe and demanded to abolish all taxes on import ... Read More »

RCCI urges for uniform lockdown policy across all cities

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) urges to adopt a uniform lock-down policy across the country to deal with Corona. Acting President RCCI Shahraiz A Malik has said in a statement that a uniform smart lockdown policy should be formulated in collaboration with stakeholders. Rawalpindi and Islamabad are twin cities. Under Smart Lockdown, shop closing hours should ... Read More »