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Italian 300 traders to explore investment opportunities in Iran: Customs Administration

TEHRAN: Italian Economic Development Minister Federica Guidi, heading a delegation of 300 traders and businessmen, is scheduled to travel to Iran on August 4 for a two-day visit. The delegation aims to explore new investment opportunities in Iran after removal of sanctions against the Islamic Republic, the ISNA news agency reported on Tuesday. Italy took the lead among Iran’s European ... Read More »

Weary of sit-ins induced-losses: Traders want ban on protests

ISLAMABAD: weary of the long protests and sit-ins and subsequent losses, the traders of the federal capital have emphasized on the government settle all political issues through and put a complete ban on political protests in the federal capital to avoid any hindrance to their businesses. It is to be noted that the local traders and businessmen have been bearing ... Read More »

Traders to launch country-wide protests against SRO-608 of FBR

ISLAMABAD: The business community has decided to launch country-wide protests against SRO-608 of Federal Board of Revenue (FBR) which they said was issued without taking them into confidence and called for its withdrawal as the new criteria for sales tax collection under said SRO was creating troubles for them. They have decided to contact traders of other regions in this ... Read More »

FBR brings 1,100 new taxpayers to tax net

SIALKOT: The Federal Board of Revenue (FBR) Regional Tax Directorate Gujranwala has added as many as 1,100 new taxpayer to the tax net. An official said that FBR has been striving to expand tax net and bringing potential taxpayers under the tax net. On the other hand, local traders and industrialists have expressed reservations over the FBR’s policy regarding tax ... Read More »

Traders demand early completion of Metro Bus Project

RAWALPINDI: Traders have demanded speedy work at 6th road Metro Bus Project. According to details, trader unions of 6th road protested against slow pace of work on Metro Bus Project and asked Hanif Abbasi and DCO Rawalpindi to take notice of it. Traders said, slow pace of work is not only affecting their business but also creating problems for customers ... Read More »

Trade resumes thru Wagah border after three days suspension

LAHORE: The trade between Pakistan and India Wednesday resumed after three days of suspension. Trade was halted after a suicide bomb attack on Sunday evening near Wagah border in Pakistan that left 60 people dead and several others injured. Currently, India exports perishable commodities mainly vegetables such as tomato, potato, ginger besides soya to Pakistan. While Indian traders import cement, gypsum, ... Read More »

No handsome cut in transport fares despite govt orders

KARACHI: The transporters have refused to cut bus fares by 12 per cent to 20 per cent, demanded by the traders after massive reduction in POL prices. Meanwhile, Punjab Chief Minister Shahbaz Sharif, during a high-level meeting, gave approval to reduction in transport fares in proportion to decrease in the prices of petroleum products. The Punjab transport secretary told the ... Read More »

Overbilling woes: ICCI criticizes govt over installation of faster meters

ISLAMABAD: The businessmen community of the capital protested against the installation of new power meters that run 30-35 percent faster than the old ones and demanded their urgent replacement. The demand was made during a meeting held at Islamabad Chamber of Commerce and Industry auditorium. Presiding over the meeting, the ICCI chief said that business community had been demanding since ... Read More »

Traders demand urgent replacement of 35% faster power meters

ISLAMABAD: Islamabad traders have strongly protested against the installation of new faster electricity meters, which run 30-35 percent faster than the old ones and called upon the government to ensure their urgent replacement to save the business activities from further damage and consumers from unjustified overbilling. Chairing the meeting, Muzzamil Hussain Sabri, President, Islamabad Chamber of Commerce & Industry said ... Read More »

Overbilling: Businessmen snub 35pc faster electricity meters

ISLAMABAD: Businessmen in a meeting at Islamabad Chamber of Commerce & Industry strongly protested against the installation of new faster electricity meters, which run 30-35 percent faster than the old ones and called upon the government to ensure their urgent replacement to save the business activities from further damage and consumers from unjustified overbilling. Chairing the meeting, Muzzamil Hussain Sabri, ... Read More »

Traders form committee on SRO-608  

ISLAMABAD: Owners of hotels, restaurants, departmental stores and retail businesses have formed a committee regarding SRO 608. The committee will meet Finance Minister Ishaq Dar and discuss their reservations with him on Friday. A meeting was held in this regard in the Islamabad Chamber of Commerce and Industry, but no office-bearer of the chamber showed up. Only those traders who ... Read More »

Traders urge FBR to withdraw SRO-608

LAHORE: Traders have decided not to file tax returns all over the country until the withdrawal of the SRO-608 of sales tax by the Federal Board of Revenue (FBR). The All Pakistan Traders Association (APTA), in traders’ convention, reiterated that imposition of sales tax on retailers under amended Finance Act 2014-2015 is not acceptable in any way. The president of All ... Read More »

FBR software IRIS: Traders hate what they cannot use

  ISLAMABAD: Several traders have started identifying ‘faults’ in the Federal Board of Revenue’s exemplary programme IRIS to avoid themselves from using it. Customs Today learnt that some businessmen have started propaganda against the programme and the FBR has received several complaints in this regard. FBR Facilitation and Taxpayers Education Member Riffat Shaheen Qazi said all complaints were about “technical ... Read More »

Closing: KSE crosses 30,000 mark with 171 points gain

KARACHI: The Karachi Stock Exchange (KSE) 100-index with a slow start after holidays succeeded to gain 171.01 points to cross 30,000 mark and reach 30149.95 points. Volume of 107,520,680 shares on last day of trading, Friday. Earlier, KSE opened with positive note and kept on marching upward, crossed psychological barrier of 30000, by gaining 102.81 points to reach 30081.75 points ... Read More »

LSE ends in green after Eid holidays

LAHORE: The Lahore Stock Exchange (LSE) witnessed bullish trend on its first day, Thursday, after five holidays due to weekend and Eidul Adha and gained 6.04 points to reach 5387.99 points and 343,100 shares. As per details, 80 companies took part in today’s trading with 20 advancers and eight companies lost their share value, while 52 companies remained stable today. ... Read More »

Closing: KSE opens after 5 days closure, loses 124 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index opened with bearish trend on Thursday after five days closure due to weekend and Eid holidays. The KSE lost 124.29 points to reach 29978.94 points and volume of 52,510,770 shares. Earlier, the rally started with downward trend, the KSE 100-index shed 50.48 points to reach 30052.75 points during midday trading on Thursday noon. ... Read More »

Weekly review: Bulls grip KSE before Eid as market gains 398 points

KSE remained in green zone most of the days in week long trading  KARACHI: The Karachi Stock Exchange (KSE) 100-index has gained 397.58 points in the week-long trading, as it opened at 29705.65 points on Monday and closed at 30103.23 points on Friday, despite another week of sit-ins and public meetings, creating political chaos across the country. At start of ... Read More »

Closing: KSE ends in green before 5 days closure

KSE is going to close for 5 days due to weekend and Eid holidays KARACHI: As the stocks markets across the country were going to close for five days, the Karachi Stock Exchange tried hard to end trading in green zone on last day of trading, Friday. The KSE slightly gained 31.65 for today to reach 30103.23points and volume of ... Read More »

Closing: 75 points gain helps KSE cross 30,000 barrier

KARACHI: The major stock exchange of the country, the KSE 100-index, crossed the psychological barrier of 30,000, gaining just 74.97 for today, Thursday, to reach 30071.58 points and volume of 107,311,490 shares. Earlier in the morning, KSE made a wonderful start and crossed 30,000 psychological barrier by gaining 129.56 points and reached 30126.17. The market has gained 69.45 points and ... Read More »

SBP gives plan to extend credit to farmers

KARACHI: For the extension of credit to poor and marginalised farmers, the State Bank of Pakistan (SBP) has given guidelines on the ‘Value Chain Contract Farmer Financing’ for banks. As per details, the banks are told, by the SBP, to establish a mutual relationship among banks, farmers and value chain agent. Under the ‘scheme’, the farmers would be facilitated to ... Read More »