KARACHI: The Pakistan government should take measures to achieve an annual 7 per cent GDP growth rate, which will not only help reduce the debt burden but also create job opportunities, said Mian Anjum Nisar, chairman of the Businessmen Panel. “There is a need for a reform agenda to achieve 7 per cent economic growth … Read more
KARACHI: Pakistan needs viable and inexpensive electricity for socioeconomic development, but the situation is contrary, as the power regulatory authority on the dictation of the International Monetary Fund (IMF) has increased the tariff several times in the last few months, creating financial problems for the residential and industrial units alike. Pakistan Apparel Forum Chairman Javed … Read more
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
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 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 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 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 Businessmen Panel of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has rejected the increase in petroleum products prices for the second fortnight in-a-row ahead of the Eid-ul-Azha, a statement said on Saturday. The government has allowed an increase in the prices of petroleum products and the liquefied petroleum gas (LPG) … Read more
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested the government to reduce tax rates on the existing taxpayers and broaden the base to achieve 6 per cent GDP growth in the next two years, a statement said on Saturday. Addressing a meeting to discuss the upcoming budget 2021/22, Mian Anjum … Read more
The Federation of Pakistan Chambers of Commerce and Industry president Mian Anjum Nisar has welcomed the Pakistan-China agreement for construction of Azad Pattan Hydel Power Project of 700MW of electricity, as part of the CPEC, suggesting the government to also include more hydropower projects in its plan, as the country cannot afford to rely on … Read more
