KARACHI: The persistent increase in the cases of coronavirus pandemic has badly affected the entire business chain of Pakistan, especially the Micro, Small and Medium-sized Enterprises (MSMEs), resulting in an economic crisis-like situation in the country. Most of the enterprises are facing various issues with a certain degree of losses, including decrease in the demand-supply … Read more
LAHORE: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed concern over the imposition of sales tax GST on raw materials for medicines in the mini-budget, a statement said. “[The] withdrawal of exemptions and imposition of 17 per cent sales tax will slow down economic growth and increase people’s miseries,” FPCCI acting … Read more
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday proposed the charter of economy for sustainable growth, development and equality in the country, a statement said. FPCCI acting president Khawaja Shahzeb Akram said that the non-political, inclusive, sustainable and legally-binding charter should encompass all sectors of the economy and all segments … Read more
KARACHI: United Business Group (UBG) patron-in-chief S M Munir has said that Pakistan’s culture should be highlighted in various events held abroad and in international trade fairs, a statement said. S M Munir, also a former president of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) said, “We will also give suggestions to … Read more
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded the government to restore normal trade with Afghanistan, a statement said on Thursday. FPCCI president Mian Nasser Hyatt Maggo demanded that the government should immediately facilitate the restoration of normal trade practices and trade volumes with Afghanistan; which usually has been $1.5 … Read more
KARACHI: MQM has invited the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) to attend a joint session of political and economic stakeholders of Karachi on the Sindh government’s local government (LG) law, a statement said on Tuesday. MQM convener Khalid Maqbool Siddique, Federal Minister for IT and Telecom Amin-ul-Haq, member provincial assembly Jawed … Read more
KARACHI: The business community has warned the government of further widening in trade deficit owing to sharp increase in import bill during the first half of the current fiscal year, a statement said on Saturday. Business Panel chairman Mian Anjum Nisar warned the government of incessant surge in trade deficit, which widened by 106.4 per … Read more
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) criticised the commercial banks for not issuing import and export forms for land-based trade with Turkey, a statement said on Thursday. FPCCI president Mian Nasser Hyatt Maggo said that the commercial banks were reluctant to issue export forms (e-forms) and import forms (i-forms) for … Read more
Pakistan is indeed a poor, debt-ridden country, but a handful of Pakistanis are super-rich and playing it big in the shadowy cryptocurrency market. If one believes the authenticity of a recent report issued by the country’s apex trade body, Federation of Pakistan Chambers of Commerce and Industry (FPCCI), then Pakistanis are holding a staggering $20 … Read more
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s Businessmen Panel (BMP) has condemned the hike in the petroleum products prices, a statement said on Saturday. They demanded the government to reduce the tax ratio on oil products to support the trade and industry, as the government has raised the petroleum levy, along … Read more
KARACHI: The government’s failure to provide gas to the industry has caused unbearable losses to the business community, an official said on Thursday. The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) president Mian Nasser Hyatt Maggo said that due to the cut off in gas supply, the country is losing its momentum of … Read more
KARACHI: Japan has assured to provide full support to promote trade with Pakistan. The assurance was given by Toshikazu Isomura, consul general of Japan, at a meeting with the Pakistani businessmen, a statement said on Monday. A delegation of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) met the consul general at the … Read more
KARACHI: The Federation of Pakistan Chambers of Commerce of Industry (FPCCI) has proposed amendments in the tax laws to enable companies in settling their taxation, a statement said on Saturday. FPCCI president Mian Nasser Hyatt Maggo has appreciated the ease of trade initiatives by the government, adding that these initiatives have the potential to create … Read more
KARACHI: The expected additional taxes on industrial raw materials in the planned mini-budget and the hike in power and gas tariffs will further increase the cost of production, an official of a business group said. The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has warned of imposing additional … Read more
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the authorities to address businessmen’s concerns regarding trade activities in Quetta, a statement said on Wednesday. FPCCI president Mian Nasser Hyatt Maggo has urged the authorities to immediately pave the way for the resumption of halted import and export activities in Quetta … Read more
KARACHI: A delegation of the current and past office-bearers of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) called on Adil Rafi Siddiqui, director military lands and cantonments (DMLC), to apprise him of the need for sustainable and proactive measures needed for creating a conducive environment for citizens and businesses in the Cantonment-administered … Read more
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) president Mian Nasser Hyatt Maggo has expressed astonishment at the purchase of liquefied natural gas (LNG) at the rate of $30.6/MMBTU and said that this rate will destroy the fuel supply safety and foreign exchange reserves of the country, a statement said. Welcoming the visit … Read more
KARACHI: The Businessmen Panel of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed concern over the delay in the approval of “Small and Medium Enterprises Policy 2021” and stressed the need for speeding up the process of approving the new SME Policy after removing its flaws with a view to address … Read more
KARACHI: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has proposed that the State Bank of Pakistan (SBP) should not further increase the monetary policy rate, as it can result in stagflation and adverse effects on industrial growth, a statement said on Friday. FPCCI president Mian Nasser Hyatt Maggo said that the use … Read more
KARACHI: The United Business Group (UBG) has won the support of the business community by giving excellent performance, an official of the UBG said on Monday. Saarc Chamber of Commerce and Industry president and UBG chairman Iftikhar Ali Malik said that the business community across the country supports UBG, which proves that it will win … Read more
KARACHI: The business community has suggested the State Bank of Pakistan (SBP) adopt an accommodative monetary policy stance instead of further raising it. In a statement on Saturday, the Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) Businessmen Panel (BMP) warned the central bank of any aggressive jump in the key policy rate in … Read more
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed his dissatisfaction over the fact that the 10-country alliance of the Economic Cooperation Organization (ECO) has an intraregional trade share of only 8 per cent, whereas, the border and land-based trade accounts for more than 70 per cent among the geographically contiguous … Read more
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) Businessmen Panel has called for early implementation of barter trade mechanism signed between Pakistan and Iran during the 9th Joint Trade Committee meeting held in Tehran to jack up the bilateral trade to $5 billion annually, a statement said on Saturday. Businessmen Panel chairman … Read more
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday expressed concerns over not taking stakeholders in confidence to discuss the mini-budget, a statement said. FPCCI president Mian Nasser Hyatt Maggo expressed concerns over the approach of the government for not taking the apex business, industry and trade body of Pakistan into … Read more
ISLAMABAD: The Ural Chamber of Commerce and Industry and the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) have signed a memorandum of understanding (MoU), creating further economic and trade cooperation opportunities between the two countries. The Ural Chamber of Commerce and Industry was represented by its vice president Mikhail Kozlov and the FPCCI … Read more
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested interprovincial trade of sugar and sugarcane to avoid shortage of the commodity in the country. FPCCI president Mian Nasser Hyatt Maggo proposed that the inter-provincial trade and transportation of sugar and sugarcane should be allowed to end disparity in the prices and … Read more
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has criticised the decision of the government to suspend gas supply to non-export industries. FPCCI president Mian Nasser Hyatt Maggo expressed concern and disappointment on the government’s decision to suspend gas supply to non-export-oriented industries; which will result in the losses of billions of … Read more
KARACHI: Pakistan should be treated at par with other regional countries and countries with similar economic conditions and challenges, an official said. During a consultative session with EU Ambassador to Pakistan Androulla Kaminara, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) president Mian Nasser Hyatt Maggo said that the European Commission should measure Pakistan … Read more
