FBR urged to withdraw alternative corporate tax: FPCCI

Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has urged the Federal Board of Revenue (FBR) to rescind Alternative Corporate Tax (ACT) being applied on companies under section 113(c) of Income Tax Ordinance 2001 @ 17% of their accounting profit if their normal tax liability or minimum tax payable under section 113 of the Ordinance is lesser than the ACT amount.

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NAVTTC’s officials visit to KCCI

President Karachi Chamber of Commerce & Industry Muffasar Atta Malik presenting crest to Director General of National Vocational & Technical Training Commission (NAVTTC) Abdur Rahim Shaikh during his visit to KCCI. Senior Vice President KCCI Abdul Basit Abdul Razzak and others are also seen in the picture.

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Large-scale Pakistani participation in Expomed Eurasia 2018 Istanbul

A large number of Pakistani companies participated in the 25 Expomed Eurasia held from 22-25 March 2018 in Istanbul. Expomed Eurosia is prominent meeting platform for industry in the healthcare sectors of Eurasia and Turkey. Eleven leading companies from Pakistan participated through Trade Development Authority of Pakistan (TDAP) in collaboration with Consulate General of Pakistan in Istanbul.

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Saleem Mandviwalla pays tribute to Shahhed Zulfiqar Ali Bhutto

In a statement, Senator Saleem Mandviwalla said that “Zulfiqar Ali Bhutto is alive even today- whose name was attempted to be erased from history” and added that he was a leader with great acumen and profound knowledge of statecraft. The Islamic Summit of 1974 in Lahore bears testimony to his incomparable diplomatic skills and political vision.

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FPCCI urges to withdraw the import duty on coal

Syed Mazhar Ali Nasir, Senior Vice President of Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has urged the Miftah Ismail, Advisor to PM on Finance, Revenue and Economic Affairs and Muhammad Pervaiz Malik, Federal Minister for Commerce to withdraw the 5% import duty on coal and allow its imports, duty free to make the production of electricity through coal viable and save the huge investment made in the coal based power projects.

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President of NBP presides the 69th AGM

The 69th Annual General Meeting of National Bank of Pakistan was held at a local hotel in Karachi on Thursday, March 29, 2018. President of the Bank, Mr. Saeed Ahmed chaired the meeting. The meeting was well attended by the shareholders who approved the Annual Financial Statements – 2017.

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Karandaaz Pakistan spearheads FinTech Domain in country

Grantees of Karandaaz Pakistan FinTech Disrupt Challenge showcased innovative technology-based solutions for financial sector at an event here in Karachi. Karandaaz Pakistan has been successfully running its annual FinTech Disrupt Challenge since 2016 and provided grants to some of the most innovative ideas for development, implementation, and scaling up of financial technology solutions.

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Engro Foods inks MOU with JS Bank to empower Dairy Farmers with financing facilities

Engro Foods Limited being the 2nd largest Dairy Company in Pakistan has collaborated with JS Bank under the banner of Prime Minister Youth Business Loan (PMYBL) program to empower the dairy farmers with financing facilities. This was an initiative to build sustainable livelihoods for the dairy farmers through monetary support and knowledge transfers.

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