Tue, 21-Oct-2025

SBP, FPCCI form joint committee to resolve LCs backlog issue

SBP, FPCCI form joint committee to resolve LCs backlog issue

KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad on Wednesday announced to form a joint committee in collaboration with the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for the resolution of the huge backlog of the letters of credit (LCs), a statement quoted Irfan Iqbal Sheikh, president of the FPCCI, as saying. … Read more

A bumpy ride for small businesses

small businesses

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

Japan assures to promote trade with Pakistan

Japan

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

FPCCI expresses surprise over purchase of LNG at inflated rates

FPCCI

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

FPCCI slams govt for ignoring businessmen in mini-budget consultations

FPCCI

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

FPCCI suggests interprovincial sugar trade

FPCCI

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

FPCCI holds training session for using Amazon platform

FPCCI

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has conducted an awareness session to train business entrepreneurs to sell their products through Amazon’s platform, a statement said on Wednesday. FPCCI president Mian Nasser Hyatt Maggo welcomed the gathering of e-commerce trainers and practitioners at the Federation House to educate and train the … Read more

FPCCI welcomes joint ventures with Uzbekistan worth billions

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