The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) on Sunday said that despite repeated tariff increases through base annual tariffs, quarterly adjustments, and fuel cost adjustments, the circular debt has been standing at whopping level of Rs2.38 trillion in the first half of 2025 fiscal year, exceeding the government’s commitment to […]
Business
PIAF hails action against smuggling, as under-invoicing real threat to economy
The Pakistan Industrial and Traders Associations Front (PIAF) on Sunday hailed the Prime Minister’s action against smuggling, saying presently under-invoicing has become the real threat to Pakistan’s economy. PIAF Chairman Faheemur Rehman Saigol, in a joint statement along with senior vice chairman Nasrullah Mughal and vice chairman Tahir Manzoor Chaudhary said that the legal commercial […]
Business community urged to facilitate people during Ramadan
Ramadan-ul-Mubarak is a time for compassion, generosity and solidarity, so the business community should play its part in easing the financial burden on people particularly low-income families. SAARC Chamber of Commerce and Industry’s former president Iftikhar Ali Malik expressed these views through a media statement here Sunday, and urged traders and shopkeepers to sell daily-use […]
FTO Secretariat’s silver jubilee seminar on 25th
The Federal Tax Ombudsman (FTO) Secretariat is set to celebrate its silver jubilee with a national seminar titled: ’25 Years of Achievements’ here at the Governor’s House on February 25. FTO Coordinator Saif Ur Rehman informed media on Sunday that FTO Dr Asif Mahmood Jah would present a report, and the event would highlight the […]
President RCCI, champions industrialization, tax reform at APCPC Faisalabad
President Rawalpindi Chamber of Commerce and Industry (RCCI) Usman Shaukat, addressing the 3rd All Pakistan Chambers Presidents Conference (APCPC) at the Faisalabad Chamber of Commerce and Industry (FCCI), emphasized industrialization as the cornerstone for Pakistan’s economic uplift. He highlighted the need for a robust industrial policy to drive growth, create employment opportunities, and enhance exports,said […]
Pak delegation off to China to explore food sector
A high-level delegation from South Punjab, led by Shahid Imran, Convener of the Federation of Pakistan Chamber of Commerce and Industry’s Regional Committee on Food, left for China on Sunday to explore collaborative avenues in the food sector. Prior to departure, he told reporters that China, being a global leader in food technology and a […]
Turkiye keen to boost bilateral trade with Pakistan: Ambassador
Ambassador of Republic of Turkiye in Pakistan Irfan Neziroglu has said that his country is keen to boost mutual trade with Pakistan, and pledged to help remove all hurdles to it. He stated this during an important meeting with Sialkot exporters at the Sialkot Chamber of Commerce and Industry (SCCI). SCCI President Ikram-ul-Haq, Vice President […]
Furniture industry stakeholders to review budget proposals
The Pakistan Furniture Council (PFC) is going to convene a special meeting of all stakeholders to review and consolidate their budget proposals for submission to the federal government. Talking to media here Sunday, the PFC Chief Executive Officer Mian Kashif Ashfaq added that the meeting aims to address key challenges and opportunities within the furniture […]
Govt won’t support ‘plots and files’ business, says Aurangzeb
Finance Minister Muhammad Aurangzeb on Saturday reiterated the government’s commitment towards structural reforms, saying it would not support the ‘plots and files’ business, a speculative practice prevalent in Pakistan’s real estate sector, calling it unsustainable. “We are all with the construction industry, but we need to differentiate between real estate and construction.” “The government will […]
Africa-1 submarine cable reaches Pakistan
The ultra-high capacity, Africa-1 submarine cable has successfully made its landfall at Pakistan Telecommunication Company Limited’s (PTCL) landing site at Sea View Beach, Karachi. It marks a transformative step in enhancing Pakistan’s digital connectivity. This milestone follows Pakistan Telecommunication Company Limited’s (PTCL) official agreement to join the Africa-1 cable system consortium, highlighting its mission to […]