Musk talked about colonising Mars and praising increasing birth rates on Earth. Allen & Co Sun Valley Conference is an off-the-record meeting of media and technology executives. Hollywood worried about how a worsening economy could affect their investments . Elon Musk avoided bringing up the failed Twitter deal when he spoke to a group of … Read more
Chairman Saudi-Pak Business Council is heading the delegation The delegation will visit Islamabad, Lahore, Faisalabad, and Karachi Pakistan-Saudi Arabia Joint Working Group will be revived ISLAMABAD: Prime Minister Shehbaz Sharif has urged Saudi investors to come forward and invest in the different sectors of Pakistan. Talking to a delegation of Saudi businessmen and investors in … Read more
The leadership of Businessmen Group (BMG), Karachi Chamber of Commerce and Industry (KCCI) and of all seven Industrial Town Associations of Karachi stated that the business community is agitated over this move as it is against the Article 158 of Pakistan’s constitution. They said that it is a highly imprudent action particularly in a situation … Read more
KARACHI: The Pakistani Embassy in Saudi Arabia organised an introductory ceremony in which newly appointed Ambassador Ameer Khurram Rathore met the community members, a statement said. Rathore assured the members that the Embassy of Pakistan would take all possible steps to resolve the issues of the community. The Ambassador said that Prime Minister Imran Khan … Read more
LAHORE: The unjustified move of levying sales tax on the seed industry will negatively impact crop yield by slowing down the process of hybridisation, businessmen said in a statement. “The levy of 17 per cent general sales tax (GST) on locally produced or imported seed coupled with 3 per cent additional tax on unregistered seed … Read more
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to ensure adequate representation of the private sector in all important bodies, a statement said on Monday. “Only public-private partnership can make a breakthrough on the economic front. Therefore, the government should take the business community onboard on all economic matters and … Read more
KARACHI: The burden of power theft, mismanagement and inefficiencies cannot be shifted on to the consumers on the plea of fuel adjustment, an official said on Saturday. The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has condemned the National Electric Power Regulatory Authority (Nepra) to raise power tariff by Rs4.3/unit in … Read more
KARACHI: The Union of Small and Medium Enterprises (Unisame) has sought the help of the commerce ministry and revenue board to assist in the trade of khashkhash, a statement said on Monday. Unisame president Zulfikar Thaver sought the support of the Ministry of Commerce and the Federal Board of Revenue’s (FBR) customs wing to examine … 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 business community has demanded the State Bank of Pakistan (SBP) to restore the 180 days period for realisation of export proceeds, a statement said on Friday. On January 5, 2022, the SBP amended the foreign exchange manual to reduce the number of days from 180 to 120 for the realisation of the export … 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 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 Union of Small and Medium Enterprises (Unisame) has urged the government to control inflation by keeping a check on profiteering and hoarding by the big investors, a statement said on Tuesday. Unisame president Zufikar Thaver said that the Unisame is badly affected by the snowball effect of inflation and invited the attention of … 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
RAWALPINDI: Punjab Minister for Law and Parliamentary Affairs Raja Basharat assured businessmen that he will take up their concern regarding the closure of businesses for two days in a meeting with Chief Minister Usman Buzdar on Monday. “The issue of closing markets for two days a week will be taken up in a meeting with … Read more
LAHORE: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Businessmen Panel has urged the government to control instability of the rupee against the US dollar, as the greenback has appreciated 7.15 per cent since May this year, hitting 10 months high to cross the Rs164-mark, a statement said on Saturday. FPCCI’s Businessmen Panel … Read more
KARACHI: S M Muneer, Iftikhar Ali Malik, Zubair Tufail and other leaders and members of the United Business Group (UBG) have congratulated Prime Minister Imran Khan on a landslide victory of PTI in the AJK elections. In a joint statement issued on Tuesday, the business leaders said this landslide victory proves the trust and faith … Read more
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has welcomed the signing of business-to-business joint ventures between the private sectors of Pakistan and Uzbekistan, a statement said on Monday. FPCCI president Mian Nasser Hyatt Maggo said that the memoranda of understanding were signed in pharmaceuticals, textiles, leather, petrochemicals and agriculture sectors, it … Read more
KARACHI: The Federal Investigation Agency (FIA) has assured the businessmen that it will look into the possibility of providing an online facility to them for clarifying their position instead of travelling to FIA circles in far-flung areas. Responding to the Karachi Chamber of Commerce and Industry’s (KCCI) suggestion, FIA director general Dr Sanaullah Abbasi said: … Read more
KARACHI: The businessmen have appreciated the decision of the Ministry of Industries and Production and the Ministry of Commerce to consult experts from various sectors and seek their input for the ease of doing business, a statement said. Unisame president Zulfikar Thaver said: “We are extremely happy that the government has decided to consult experts … Read more
Prime Minister Pakistan Imran Khan said on Thursday that poor class of country is on verge of economic disaster due to current crisis in the country. Addressing the cheque distribution ceremony to businessmen in Islamabad, Imran Khan said poor class of country affected most in the time of lock down. Imran Khan said … Read more
ISLAMABAD: The recently enforced National Accountability (Amendment) Ordinance 2019 has officially come into effect after the federal government published it in the Gazette of Pakistan on Monday. The official document issued by the Ministry of Law and Justice said the law was amended through ordinance as the National Assembly and Senate are not in sessions. The law … Read more
Back to back visits of Chinese trade delegations are not only reflect unbreakable friendship between the two countries but are also an ample proof of Chinese Investors’ growing interest in Pakistan. These views were expressed by the LCCI President Irfan Iqbal Sheikh while addressing a delegation of Chinese investors at the Lahore Chamber of Commerce … Read more
Special assistant to the Prime Minister on Information Firdous Ashiq Awan said that new opportunities are being opened for business in Pakistan. Firdous Ashiq Awan, while talking to media in Lahore, said that the world wants to establish partnerships with Pakistan whereas investors’ trust has been increased because of the government’s economic policies. She added … Read more
