FPCCI expresses shock over inclusion of Edible Oil in section 8b of sales tax by FBR

Mr. Nasir Khan, Vice President, The Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has strongly condemned the inclusion of Edible Oils in the S.R.O. 1190(I)/2019 issued by the Federal Board of Revenue (FBR).

As a matter of principle, this SRO should have been restricted to commercial importers instead of including edible oil manufacturers.… Continue

FPCCI expresses satisfaction & gratitude towards PM for reduction in Eid Holidays on its demand

Mian Nasser Hyatt Maggo, President FPCCI, has said that it is with profound sense of service and achievement that we report to the press that when the federal government announced 10-day long Eid-Ul-Fitr Holidays and SOPs; President Mian Nasser Hyatt Maggo, Senior Vice President Khawaja Shahzeb Akram and former President Mian Anjum Nisar swung into action immediately and contacted PM House; from where Abdul Razak Dawood, Governor SBP, and Chairman FBR were all intimated on grave concerns of FPCCI.… Continue

PSO launches digitally integrated oil terminal

The nation’s most progressive energy company, Pakistan State Oil (PSO), has once again taken the lead in digitizing its petroleum product supply chain. Special Assistant to Prime Minister for Power & Petroleum, Mr. Tabish Gauhar inaugurated Pakistan’s first digitally integrated oil storage and dispatch terminal at PSO’s Keamari Terminal A (KTA) accompanied by Managing Director & CEO PSO – Syed Muhammad Taha.… Continue

K-Electric partners with largest delivery platform foodpanda & leading tax filing portal Befiler

K-Electric has announced an exciting offer for new users of its KE Live Mobile application through strategic alliances with foodpanda – Pakistan’s largest delivery platform, and Befiler – the country’s leading tax filing and NTN registration portal. Customers who download the KE Live App will be able to avail exclusive discounts of up to PKR 500 on foodpanda and savings of up to 87% on Befiler portals.… Continue

SBP appreciated for paying attention to KCCI’s demand, keeping banks operational on 10th, 11th May

Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce & Industry (KCCI) Shariq Vohra have appreciated the State Bank of Pakistan (SBP) for paying attention to KCCI’s legitimate demand and accordingly deciding to keep those authorized branches of banks operational on May 10th and 11th who are dealing in foreign exchange & trade activities.… Continue

United States and Pakistan launch pilot project to increase regional trade

The shipment between Pakistan and Uzbekistan is the first in Pakistan using the United Nations’ multilateral transit system, “Transports Internationaux Routiers.”

The United States Government, along with the Government of Pakistan, launched the first international shipment from Pakistan that is compliant with the United Nations’ “Transports Internationaux Routiers” (TIR) Convention, an international customs transit system that facilitates trade by expediting border checks between countries.… Continue