Through the platforms of chambers/associations, Pakistan's businessmen are urgently raising their concerns about the very high cost of electricity. The urgency is palpable as industries are collapsing and exports are…
The chairman of the FPCCI Advisory Board and National Business Group Pakistan, the President of Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian…
The increase in multiple taxes in the recent budget, coupled with the high cost of utilities, has surged the cost of production of the Small and Medium Enterprises (SMEs), threatening the survival of hundreds of business units, leading to possible shutdowns, layoffs, and a decline in exports. This was stated by Syed Raza Hussain, President of the Federal B Area Association of Trade and Industry (FBATI), while commenting on the dire situation of industries and SMEs.
Faisal Moiz Khan, President of the North Karachi Association of Trade & Industry (NKATI), has called upon Prime Minister Shahbaz Sharif, Finance Minister Muhammad Aurangzeb, and Commerce Minister Jam Kamal…
On Tuesday, Dr Murtaza Mughal, President of Pakistan Economy Watch (PEW), said the difference between the major political parties before the budget was not about giving relief to the people;…
The National Assembly of Pakistan has approved the Federal Budget for the fiscal year 2024–2025, allocating a budget of Rs 18,877 billion. The primary goal of the FY24 budget is…
Chairman of FPCCI Advisory Board and National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on…
The President of the Korangi Association of Trade and Industry (KATI), Johar Qandhari, has called on the government to provide urgent relief to industries. He criticized the government's imposition of…
Mian Zahid Hussain, the Chairman of the FPCCI Advisory Board and National Business Group Pakistan, the President of the Pakistan Businessmen and Intellectuals Forum, the All Karachi Industrial Alliance, and…
Dr Muhammad Hanif Mughal, Chairman of Pakistan Tehreek-e-Shadbad, said on Wednesday that the budget had disappointed the masses and businesses and pleased the elite. He said the anger in the masses…
The government of Pakistan has recently proposed changes to the sales tax structure on mobile phones in the new budget. This policy change will significantly impact the prices of all…
Chairman of FPCCI Advisory Board and National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on…
On Sunday, Dr. Murtaza Mughal, President of Pakistan Economy Watch (PEW), said that Independent Power Producers (IPPs) have destroyed the country's economy. He said private power plants are a big threat…
Former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr. Shahid Rasheed Butt, said on Monday that the government is constantly increasing its perks and privileges and also…
§ The parliament has passed budget FY25 today with some changes in measures announced in the Budget speech of Jun 12, 2024. § Below are some key takeaways from the proposed changes…
The chairman of the FPCCI Policy Advisory Board and National Business Group Pakistan, the President of the Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial…
Pakistan Tea Association (PTA) has expressed profound concerns and apprehensions vis-a-vis the proposed budget's continuation of sales tax and income tax exemptions for the erstwhile FATA/PATA region. In a statement,…
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Tuesday that imposition of…
The government has disallowed 25% of Sales Promotion, Advertising and Publicity (SAP) expenses, creating a significant marketing cost, especially to multinationals that rely on advertising to sell fast-moving consumer goods…
Johar Qandhari, President of the Korangi Association of Trade and Industry (KATI), has strongly condemned the government's proposed fixed tax regime on exports, warning that it will severely impact exports…
Former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr Shahid Rasheed Butt, said on Sunday that many conditions of the IMF have not been fulfilled in the…
Mr. Atif Ikram Sheikh, President FPCCI and Dr. Gohar Ejaz, former federal commerce minister – who are jointly chairing FBR’s Anomaly Committee 2024 from the business side – called a…
On Friday, Dr. Muhammad Hanif Mughal, Chairman of Pakistan Tehreek-e-Shadbad, said that the Federal Budget combines assumptions, expectations, and contradictions. He said it would be impossible to achieve the goals…
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Saturday that the recent budget…
The Salt Manufacturers Association of Pakistan (SMAP) has expressed deep concern over the proposed shift from a 1% turnover-based Fixed Tax Regime (FTR) to the standard taxation rate of 29%…
