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Tag Archives: Trade Associations

Chambers across country urge FBR to withdraw SRO-608

LAHORE: The Punjab Chambers of Commerce and Industry and trade associations, through a unanimous resolution, have called for immediate withdrawal of the controversial SRO-608 and extension in tax returns filing date. The resolution was adopted at a meeting convened by the Lahore Chamber of Commerce and Industry here on Tuesday. The meeting was convened to discuss tax reforms. Representatives of ... 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 »

China to invest $50 billion, will apply Shanghai-model in Gwadar

LAHORE: China is planning replicating the model of Shanghai Free Trade Zone (SFTZ) in Gwadar to interlink the entire region, including Pakistan, Iran, China and Central Asian States. Highlighting various projects, Pak-China Joint Chamber of Commerce and Industry President Shah Faisal Afridi has said that China will invest $50 billion till 2017 in a number of projects including coal, solar ... Read More »

Traders vehemently condemn vandalism by PAT, PTI activists

ISLAMABAD: All the chambers of commerce and industries across the country including the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) vehemently condemned vandalism by the activists of Pakistan Awami Tehrik and Pakistan Tehrik-i-Insaf and termed it a conspiracy against the country. Acting FPCCI President Shaukat Ahmad said that “Acts of vandalism, destroying or damaging public property deliberately, especially ... Read More »

Sit-ins induced spiraling losses draw concerns

PESHAWAR: The trading community from across the province has expressed concern over the ongoing sit-ins by the Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) in Islamabad, regretting that the prevailing political impasse has been affecting businesses and national economy adversely. Representative bodies of traders and businessmen from different cities including Peshawar, lamented that the marches had hindered economic progress ... Read More »

Local market brimming with smuggled Iranian tiles

KARACHI: The local industry has expressed great concern over the heavy influx of Iranian tiles and has urged the government to take effective measures to check the inflow of smuggled tiles which are not only depriving the exchequer of revenue but also posing a great threat to the local industry. According to the All-Pakistan Ceramic Tiles Manufacturers Association (APCTMA), it ... Read More »

Taxes non-payment: Traders dub Imran politically immature

ISLAMABAD: Rejecting the call for civil disobedience, various trade bodies have described Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan’s call for non-payment of taxes and duties as unjustified and illegal. Talking to Customs Today, the office bearers of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Rawalpindi Chamber of Commerce and Industry (RCCI) opined that Khan’s call was ... Read More »

KATI bemoans long holidays on Eid

KARACHI: Long holidays on Eidul Fitr badly affected the trade and business activities in the country. According to Korangi Association of Trade and Industry (KATI) President Syed Farukh Mazhar, the government decision of four-day Eid holidays brought the entire economic activities in the country to a halt which adversely affected the already fragile economy. In a statement issued here, he ... Read More »

Auto makers fail to cash in on dwindling used cars import

KARACHI: Local vehicle assemblers, despite hectic lobbying, failed to take advantage of the sharp drop in the sale of used cars year-on-year during 2013-14. As per the relevant data, the import of used vehicles (from 660cc to above 3,000cc including 4×4 jeeps) plunged to 22,185 units in 2013-2014 as compared to 44,767 in 2012-13. The government collected around Rs9 billion ... Read More »

SROs to implement textile package soon: Afridi

ISLAMABAD: Federal Minister for Textile Industry Abbas Khan Afridi declared that textile package announced in the budget will be implemented through Statutory Regulatory Orders (SROs). Talking to the members a delegation led by All Pakistan Textile Mills Association (Aptma) Punjab Chairman SM Tanveer, the minister informed that the SROs had been sent to the Law Division for vetting and expressed ... Read More »

SCCI for early payment of drawback, ST refund claims

SIALKOT: The inordinate delay in the payments of thousands of the duty drawback, sales tax and income tax refund claims of Sialkot exporters has resulted in severe liquidity crunch for exporters and has badly affected industrial and export activities in Sialkot. Sialkot Chamber of Commerce and Industry (SCCI) President Dr Sarfraz Bashir stated this while talking Customs Today here. He ... 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 »

Ministry’s interference causes blockage of refund claims

LAHORE: While demanding the government to release stuck-up refund claims, the Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) has said that FBR’s software system of RCPS is very excellent which completes refund process system within one month but finance ministry’s undue interference causes blockage of refund claims to the exporters, as presently more than 80 per cent textile exporters ... Read More »

Schedule for advance tax collection on cars booking issued

KARACHI: The authorised car dealers have issued schedule for collection of advance income tax, declaring different amounts for both the filers and non-filers of income tax, at the time of booking of cars and jeeps. Dealers will collect the advance income tax on behalf of their assemblers as per decision taken in the federal budget 2014-2015. The assemblers will then ... Read More »

MFN/NDMA still to take time: Dastgir claims India willing to resume trade talks

ISLAMABAD: The new Indian government through backdoor channel has expressed positive response for initiating composite dialogue with Pakistan that would ultimately lead to the resumption of trade talks between Islamabad and New Delhi. “Currently, the trade talks between India and Pakistan had halted, which will begin once both countries start composite dialogue”, said the Federal Minister for Commerce Engr Khurram ... Read More »

Oil, ghee industries seek withdrawal of taxes on local sale, purchase

MULTAN: The oil and ghee industry has showed concerns over tax notices issued on local sale and purchase. Owners of banaspati ghee and oil mills industry have demanded Federal board of revenue to withdraw tax notices issued recently by the Directorate General of Intelligence and Investigations-Customs regarding sale and purchase at country level. Oil Mills and banaspati Association have demanded that the ... Read More »

PAAPAM cries foul at rising under-invoicing

LAHORE: The Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) has regretted at the ever-increasing smuggling and under-invoicing of auto parts and accessories, saying that the under-invoicing has been affecting the local spare parts manufacturing sector, depriving the the national exchequer of billions of rupees revenue. According to PAAPAM Chairman Usman Malik, the Federal Board of Revenue (FBR) must ... Read More »

RCCI for expediting work on Gwadar Port

RAWALPINDI: The government must take development work on the Gwadar Port seriously and should step up work on the Gwadar-Kashgar Road link, demanded by the Rawalpindi Chamber of Commerce and Industry (RCCI). An RCCI delegation, led by its President Dr Shimail Daud Arain, discussed the issue when it met Balochistan Governor Muhammad Khan Achakzai at the Balochistan House in Islamabad. ... Read More »

PTA for govt steps to save declining leather goods exports

KARACHI: The Pakistan Tanners Association (PTA) has warned against the declining leather exports, expressing the apprehension that the situation warrants remedial measures lest Pakistan will lose leather goods market to Indian competitors. According to PTA’s Standing Committee on Gas and Infrastructure Chairman Usman Umer, the incumbent government, instead of offering incentives to the ailing industry, unnecessarily overburdening it by levying ... Read More »