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Tag Archives: Federation of Pakistan Chambers of Commerce and Industry (FPCCI)

23.2-km Metro Bus project: Traders clamour for early completion of project

ISLAMABAD: Businesses in the twin cities in general and the Blue Area in particular have been worst hit by the delay in Metro Bus project, pushing many traders to bankrupt while hundreds are on the verge. Therefore, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) demands the government to ensure in time completion of the metro bus project ... Read More »

Govt, FPCCI vow to resuscitate economy in 2015

KARACHI: Federal Minister for Commerce Khurram Dastagir Khan called on Federation of Pakistan Chambers of Commerce and Industry (FPCCI) members at Federation House and said that the government and FPCCI would jointly work for revival of economy in the new year. The minister informed the FPCCI members that the government would fully support the business community, and would provide them ... Read More »

27 conditions for GSP Plus: Treaty Implementation Cell in Commerce Ministry lauded

ISLAMABAD: Presidential Candidate for Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Mian Muhammad Adrees, has lauded establishment of Treaty Implementation Cell (TIC) in the Ministry of Commerce. He hoped that withdrawal of moratorium on capital punishment will be no problem for Pakistan. In a statement, he said that GSP Plus is a big facility to Pakistani exporters to ... Read More »

More financial institutions want to buy KASB Bank: SBP Governor

KARACHI: State Bank of Pakistan Governor Ashraf Mehmood Wathra, while talking to traders at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has said that KASB Bank has not been closed and the issue will be resolved in six months as two banks are already engaged in the due diligence process, which may lead to a merger or ... Read More »

FPCCI delegation to meet Nawaz, Zardari, Imran

KARACHI: A delegation of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) will meet Prime Minister Nawaz Sharif, former president Asif Ali Zardari and PTI Chairman Imran Khan soon. According to a press release of FPCCI, the delegation would inform the political leadership about current economic situation in the country and will suggest a plan for increasing exports of ... Read More »

Imran Khan gets flak over ‘don’t pay taxes’ call

ISLAMABAD: PTI Chairman Imran Khan’s call for civil disobedience and non-payment of taxes drew stiff opposition from business community, industrialists and chambers of commerce. They described Imran’s political approach as negative and questioned the logic behind his call for non-payment of taxes and utility bills. As per details, the Lahore Chamber of Commerce and Industry (LCCI) rejected the call for ... Read More »

Corruption charges: Govt stops FPCCI funding; NAB,TDAP launch probe

ISLAMABAD: The federal government has stopped funding of the Apex chamber, following the corruption allegations of Rs 250 million in construction of FPCCI Capital Office building and ordered National Accountability Bureau to investigate the matter. After getting evidence of corruption from Federation of Pakistan Chambers of Commerce and Industry (FPCCI) former vice president Mirza Abdul Rehman, the Federal Secretary Commerce ... Read More »

Bringing retailers into tax net

Federal Board of Revenue has devised rules for implementing the taxation steps taken by the government through Finance Bill 2014-15. In a bid to bring 1.5 million retailers into tax net, FBR has notified rules of special procedures of Sales Tax after enactment of Finance Bill 2014-15. This is a step forward towards documentation of economy and completing the chain ... Read More »

Importers seek early sales tax adjustment

KARACHI: Importers and business houses are facing hurdles in getting adjustment of sales tax since July 2013 revision of PRAL system. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Vice President Ismail Sattar, in a statement, urged the Federal Board of Revenue (FBR) to direct the Pakistan Revenue Automation Ltd (PRAL) management to update the automated revenue service to ... Read More »

FPCCI assured of TDAP support

KARACHI: Trade Development Authority of Pakistan will extend all cooperation and support to Federation of Pakistan Chambers of Commerce Industry in its forthcoming program of exhibitions and trade delegations. The assurance was given by TDAP Chief Executive SM Muneer in a meeting with FPCCI President Zakaria Usman, held in Federation House, Karachi. He further said that TDAP is being reformed to make ... Read More »

Committee to sort out anomalies in budget from July: Tariq Bajwa

ISLAMABAD: Federal Board of Revenue will form a committee to identify and eliminate anomalies in Budget 2014-15 which will start working in July 2014. The committee will analyse the proposals regarding customs duty tariffs and exemptions forwarded by Federation of Pakistan Chambers of Commerce, other Chambers and various trade organisations. Sources in FBR informed Customs Today that FPCCI President Zakria ... Read More »

FPCCI urges Sindh to slash ST on services to single digit

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the Sindh government to bring down sales tax on services to single digit and improve tax collection on agriculture. In its budget 2014-15 proposals for Sindh budget, the FPCCI suggested that the provincial government should gradually focus on increasing non-tax revenue through collection of user charges and ... Read More »