The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) raised concerns about work visa rejections for Pakistani workers. Saqib Fayyaz Magoon, FPCCI Senior Vice President, warned this could reduce remittances. Despite efforts, 50% of visa applications are still rejected. Magoon stated that remittances increased over the past eight months but may decline if the […]
FPCCI
FPCCI presents charter of economy to finance minister Aurangzeb
The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) presented a Charter of Economy to Finance Minister Muhammad Aurangzeb, aiming to create a unified economic strategy. During a meeting on Tuesday, FPCCI President Atif Ikram and other key officials emphasized the need for political consensus to tackle Pakistan’s economic challenges. They stressed that […]
FPCCI supports transformation into riba-free economy
KARACHI: President FPCCI Irfan Iqbal Sheikh has said the business community supports the transformation of Pakistan’s economy and banking system into a riba-free system in accordance with the decision of Federal Shariat Court (FSC). In a statement issued here on Friday, he said, “The FSC’ decision requires elimination of riba (interest) from the economy and […]
KP business community proposes formation of advisory council
PESHAWAR: The business community of Khyber Pakhtunkhwa has called of the formation a high-level advisory council comprising representatives of the provincial government, concerned organizations including the FPCCI and other chambers to address their problems. The proposal was flouted in a consultative meeting on the provincial budget 2022-23 held in the Regional Office of Federation of […]
FPCCI recommends high tax rates and amnesty for privileged.
Pakistan’s top corporate body has proposed radical action to Prime Minister Shehbaz Sharif to reduce the national finances and current account deficits, including electricity rationing, an increase in individual tax rates, and an amnesty for the wealthy to entice them to deposit their money in the central bank’s coffers. The Federation of Pakistan Chambers of […]
FPCCI chief terms SBP’s SAAF grossly insufficient, self-contradictory
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) president Mian Nasser Hyatt Maggo expressed his dissatisfaction over the exorbitant interest rate of up to 9% allowed to commercial banks under SBP’s SME Asaan Finance Scheme (SAAF). He added that SBP will provide refinancing to the commercial banks at 1% and they will […]
Businessmen term budget positive, as no ‘new’ tax imposed on industry
ISLAMABAD/LAHORE: The Businessmen Panel of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Pakistan Industrial and Traders Association Front termed the federal budget as balanced and progressive, as no new tax was imposed on the industry while reducing rate of some of earlier duties and taxes. Addressing a press conference on […]
SAARC Chamber, UBG term budget growth, export-oriented
LAHORE: South Asian Association for Regional Cooperation– Chamber of Commerce and Industry (SAARC-CCI) and United Business Group (UBG) in the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), here Friday termed the federal budget 2021-22 tax-free, balanced, growth- and export-oriented with a basket of excellent package of incentives to accelerate the economic activities across […]
Gen Bajwa lauds FPCCI’s role in development of commercial, industrial hubs
Chief of Army Staff General Qamar Javed Bajwa on Wednesday assured the business community of the Pakistan Army’s complete support for the economic uplift of the country. He made assurances when he met a delegation of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), according to a statement issued by the Inter Services […]
FPCCI says business community is real taxpayer
Islamabad: A delegation of chairmen of Senators of Senate Standing Committees visited FPCCI Capital Office Islamabad to meet the office bearers of FPCCI and the representatives of Chambers of Commerce and trade associations of Sindh, Punjab, KPK provinces, Federal Area, and Gilgit Baltistan to hold a pre-budget discussion on the budget proposals of FPCCI. The […]