The Rawalpindi Chamber of Commerce and Industry (RCCI) President Mohammad Nasir Mirza on Tuesday while talking to different trade delegations at chamber house said that the business community has grave concerns on growing political and economic uncertainty as both are interlinked with each other. The stock market hit badly and dropped more than 1000 points in a single day and on a bearish trend. Investors, especially foreign investors can only be attracted once we have political stability and continuation of economic policies.
After coronavirus, business activities have resumed with enormous difficulty. In such a situation, the recent political turmoil is detrimental to the country’s economy. The Prime Minister should take immediate notice here, he suggested.
He said that issues should be resolved amicably and political parties must show political tolerance, maturity and demonstrate the wisdom. The trade delegates shared their issues including traffic congestion, tax notices, encroachment and parking. The chamber’s platform will always be available in raising its voice to solve the problems of the traders, whether it is a matter of facilities or tax reforms, the chamber has always played its due role, he assured.
No harassment by Federal Board of Revenue (FBR), Punjab Revenue Authority (PRA) and other agencies under the guise of tax notices, tax collection and registration, he demanded. Stakeholders should also be consulted on the issue of Point of Sales (POS). Group leader Sohail Altaf said that the business community has gone through a lot of hardships. Recent political instability will have a negative impact on business and investment and urged the government to address the given situation immediately.
In a groundbreaking move that promises to revolutionize the pilgrimage experience, Pakistani startup MYTM has…
Islamabad United, the most decorated team in Pakistan Super League history with three championships, proudly…
Karachi, Pakistan - May 17, 2024 A technical issue on Pakistan International Airlines (PIA)…
A businessman from Mandi Bahauddin in Gujarat, Ahmad Jawad, is funding fugitive YouTuber Adil…
Riyadh, KSA – [Date] – Bidaya Finance's commitment to digitally transform its operations is deeply…
Karachi, Pakistan: Pakistan's financial consultancy firm, Dellsons Associates (Pvt) Ltd, has signed a strategic partnership…
Leave a Comment