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.

General Body of Federation of Pakistan Chambers of Commerce & Industry on 3rd April 2018, passed a resolution on Free Trade Agreements by Pakistan and demanded that FPCCI should be taken on board while negotiating bilateral agreements particularly FTA with China.

General Body of Federation of Pakistan Chambers of Commerce & Industry on 3rd April 2018, passed a resolution on Free Trade Agreements by Pakistan and demanded that FPCCI should be taken on board while negotiating bilateral agreements particularly FTA with China.

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.

Engro Foods Limited (EFL) is built from the fabric of Pakistan; they launched a campaign “Colors of Pakistan” revealing their 2nd Coffee table book called “Colors of Deosai”, this book launch was very well received by the media and the public.

HUAWEI has released its audited financial results for 2017, reporting solid business growth. The company’s total annual revenue was CNY 603.6 billion (USD 92.5 billion based on year-end exchange rates), an increase of 15.7% over 2016. Net profits were CNY 47.5 billion (USD 7.3 billion), an increase of 28.1% year-on-year.

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.

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.

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.

Federation of Pakistan Chambers of Commerce & Industry (FPCCI) in one of its Pre-Budget proposals being prepared under the guidance of its Senior Vice President, Syed Mazhar Ali Nasir has urged the government to reduce the penalty for failure to furnish statements U/S 115; 165; 165A or 165B of the Income Tax Ordinance 2001 from Rs.

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.

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.

Benazir Income Support Programme (BISP) has signed an understanding with Uber Pakistan for creation of a large-scale economic opportunity program for BISP beneficiaries. The understanding focuses on creation of economic opportunities for women beneficiaries by providing them vehicles and CNG rickshaws by Uber Pakistan.

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.