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Tag Archives: LCCI

LCCI seeks incentives for overseas Pakistanis

LAHORE: Terming the increase in remittances encouraging, the Lahore Chamber of Commerce and Industry has urged the government to provide incentives to the overseas Pakistanis. In a statement issued on Thursday, LCCI President Ijaz A Mumtaz, Senior Vice President Mian Nauman Kabir and Vice President Syed Mahmood Ghaznavi said that overseas Pakistanis have sent remittances amounting to $4.69 billion in ... Read More »

LCCI seeks early issuance of Income Tax Exemption Certificates by FBR

LAHORE: The Lahore Chamber of Commerce & Industry has demanded of the Federal Board of Revenue to expedite process of issuance of Income Tax Exemption Certificates under section 148 of the Income Tax Ordinance 2001 on imports.  “When the tax is being collected in advance than why exemption certificates are being issued in parts?” In a statement issued here Monday, ... Read More »

FBR audit through computer balloting not acceptable: Lasbela chamber

KARACHI: President of the Lasbela Chamber of Commerce and Industry Yakoob H Karim rebuffed the FBR over selection of 77,500 taxpayers for audit through computer balloting saying that it would only disturb the taxpayers. He floated the idea to FBR of widening the tax net instead of harassing the existing taxpayers. He demanded FBR to disclose the number of Karachi ... Read More »

LCCI rejects increase in property tax

LAHORE: The Lahore Chamber of Commerce & Industry on Friday rejected increase in property tax rates and called for its downward revision. At a meeting with MNA Pervez Malik and Secretary Excise & Taxation Khalid Masood, the LCCI President called a spade a spade and termed the raise in property tax against business interests. The meeting was also addressed by ... Read More »

LCCI urges FBR to issue refunds immediately

LAHORE: The Lahore Chamber of Commerce and Industry has demanded the chairman of the Federal Board of Revenue (FBR) to release the sales tax and income tax refund claims as soon as possible. In a statement, LCCI Vice President Syed Mahmood Ghaznavi said that delay in sales tax and income tax refunds is hitting businesses hard. He said that the ... Read More »

PIAF greets newly-elected LCCI body

LAHORE: The Pakistan Industrial and Traders Associations Front (PIAF) has congratulated the newly-elected President of the Lahore Chamber of Commerce & Industry Ijaz A. Mumtaz, Senior Vice President Mian Nauman Kabir and Vice-President Syed Mahmood Ghaznavi. In greeting messages, PIAF Chairman Malik Tahir Javed, Senior Vice Chairman Khamis Saeed Butt and Vice Chairman Amjad Ali Jawa said that LCCI PIAF-Founders ... Read More »

FBR, SECP, LCCI, & EOBI ink MOU to facilitate traders

LAHORE: Taking a giant leap forward in terms of building a world class facilitation business community, Federal Board of Revenue (FBR), Securities & Exchange Commission of Pakistan (SECP), Employees Old Age Benefits Institution (EOBI) and Lahore Chamber of Commerce & Industry (LCCI) signed a Memorandum of Understanding (MOU) to establish Physical One-Stop Shop at the LCCI premises to facilitate business ... Read More »

LCCI’s annual general meeting on 30th

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has announced to hold its annual general meeting on September 30, in which names of new President, Senior Vice President and Vice President will formally be declared. According to election results, Ijaz A Mumtaz, Mian Nauman Kabir and Syed Mahmood Ghaznavi were elected on Friday unopposed President, Senior Vice President and ... Read More »

PIAF greets newly-elected LCCI representatives

LAHORE: The Pakistan Industrial and Traders Associations Front (PIAF) has congratulated the newly-elected Executive Committee Members of the Lahore Chamber of Commerce and Industry and hoped that the newly elected body would utilise all their energies to come up to the expectations of the businessmen. In a statement issued here Tuesday, PIAF Chairman Malik Tahir Javed, Senior Vice Chairman Khamis ... Read More »

FBR establishes over 200 desks to facilitate taxpayers

ISLAMABAD: In a bid to facilitate taxpayers for filing the income tax returns for 2014, the Federal Board of Revenue (FBR) has established more than 200 tax facilitation kiosk and tax facilitation centres throughout the country. The facilitation centres would be set up at business centres, offices of traders’ associations, chambers of commerce and industry, national and provincial assembly buildings, ... Read More »

LCCI President Lashari lauds LDA services  

LAHORE: Lahore Development Authority (LDA) Chief Town Planner Chaudhry Muhammad Akram has said that land records are being computerized and the process will be completed by April 2015. He was addressing at a meeting at the Lahore Chamber of Commerce & Industry. The meeting was presided over by LCCI President Engineer Sohail Lashari. Akram said that computerization of land records ... Read More »

PIAF Alliance for consensus on Kalabagh Dam to avoid floods

LAHORE: The PIAF-Founders Alliance has urged the government to create consensus on Kalabagh Dam immediately to avoid horrible flood devastation in the future. In a statement issued here on Wednesday, PIAF-Founders Alliance leaders Sheikh Muhammad Arshad and Sheikh Muhammad Asif said that recent floods had written new stories of destruction in all the provinces. Hundreds of thousands of people have ... Read More »

Pakistan has huge potential for investment: LCCI VP Misbah  

LAHORE: Pakistan has become a land of opportunities as its various economic sectors, particularly energy sector and huge untapped mineral resources worth trillions of dollars have great scope for potential foreign investors. These views were expressed by LCCI Senior Vice President Mian Tariq Misbah while talking to Senior Analyst of Canadian High Commission Jawad Qureshi here on Wednesday. Misbah said ... Read More »

PIAF-Founders Alliance gains more support

LAHORE: As many as 15 city markets, trade groups and industrial areas have so far announced their support for the PIAF-Founders Alliance in the Lahore Chamber of Commerce and Industry I elections being held on September 22 and 23. According to the spokesman of PIAF-Founders Alliance, President of All Pakistan Paper Merchants Association (APPMA) Mian Amjad Hussain, President Anjuman- e- ... Read More »

PCAA vows to fight against LCCI ‘corruption’

LAHORE:Progressive Customs Association Alliance (PCAA) has vowed to fight against alleged corruption and embezzlement in funds by the Lahore Chamber of Commerce and Industry (LCCI). Briefing the media, PCAA President Ch Amjad alleged that the Lahore Chamber of Commerce and Industry misused almost all foreign visits as most of the delegations consisted of fake businessmen who were nothing to do ... Read More »

LCCI launches video-conferencing facility

LAHORE: Lahore Chamber of Commerce & Industry launched the video-conferencing facility at its premises and became first Chamber of Commerce & Industry in the country having such a modern trade tool. LCCI President Engineer Sohail Lashari inaugurated the video-conferencing facility while LCCI Senior Vice President Mian Tariq Misbah, Vice President Kashif Anwar, former President Mian Anjum Nisar, former Vice President ... Read More »

Physical, mental health perquisite for nation’s efficiency: LCCI

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has organised a day-long seminar on “The Hidden Enemy” on Friday, in which a large number of people from different walks of life participated. LCCI Vice President Kashif Anwar and renowned Psychiatrist Dr GH Saqib Kalyani spoke on the occasion and marked the importance of physical and mental health. They pledged ... Read More »

63 candidates file nominations for LCCI polls

LAHORE: A total of 63 candidates on Wednesday filed their nominations for upcoming LCCI polls to be held on September 22 and 23 respectively. At least 16 candidates filed papers for 7 Corporate Class seats, 3 for reserved seats of women entrepreneurs and 44 candidates for 8 Associate Class seats. Secretary General LCCI Shahid Khalil received the nomination papers. The candidates ... Read More »

Lashari urges govt, PTI to end deadlock

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) President Sohail Lashari said that government and protesters should end deadlock and negotiate on mutual terms in the larger interest of economy which is suffering mainly from prevailing political disturbance. In an exclusive talk with Customs Today on current situation, he advised the government not to use power against demonstrators as he ... Read More »

Lahore roads blockade causes Rs60m loss to traders

LAHORE: Importers and exporters have suffered losses of millions of rupees as government confiscated containers full of different perishable goods to block the roads across the country. The Lahore Clearing Agents Association president Agha Iftikhar said that now after one week of containers confiscation the commodities have been rotten and no one will ready to bear the damages. “Traders of ... Read More »