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Govt invites E&P sector to participate in LNG import

ISLAMABAD: The federal government has invited oil and gas exploration and production (E&P) sector to participate in the import of LNG to fill energy deficiency in the country. Minister of...

FBR tightens rules to check superfluous imports

KARACHI: The Federal Board of Revenue (FBR) has tightened its clearance regulations to check unnecessary imports that cause a spread in trade deficit, officials said on Thursday. The officials said...

LCCI seeks incentives package for trade and industry

LAHORE-The Lahore Chamber of Commerce and Industry has demanded of the government to announce incentives package for corona-hit businesses for the sake of an early economic revival. LCCI President...

PM for all-out efforts to boost exports

ISLAMABAD - Prime Minister Shahid Khaqan Abbasi has directed the Ministry of Commerce to ensure that all efforts should be made to give boost to the country’s exports. The ministry...

Tax bias against industry must end

A Business Recorder exclusive sourced to officials of the Federal Board of Revenue (FBR) has revealed that thousands of sales tax deregistration applications remain pending with the Board due...

LCCI committees to prepare data bank

LAHORE: The newly-formed standing committees of the Lahore Chamber of Commerce and Industry (LCCI) have been tasked to prepare sector-specific research / market reports and data bank by LCCI...

Industrial production suffers due to erratic gas supply: FPCCI

KARACHI: Mian Anjum Nisar, president of the Federation of Pakistan Chambers of Commerce and Industry, has urged the government to immediately ask the SSGC to restore gas supply with...

KCCI urges govt to refrain from taking anti-business policies

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI), Muffasar Atta Malik, has urged the federal government to refrain from taking anti-business steps and devise the strategies in the...

Aptma to urge PM for incentivising export sector

ISLAMABAD: Pakistan’s increasing trade deficit and falling exports have been posing a serious threat to the economy and to reverse the trend, government should focus on export-led growth and...

Imports up 0.56pc(Jul-Sept exports down 0.94pc YoY)

ISLAMABAD: The country’s exports during July-September 2020 as compared with the same period of the last year have witnessed a decline of 0.94 percent, ie, from $5.51 billon to...

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KW&SB MD directs resolution of Korangi industrial area issues

KARACHI: Karachi Water & Sewerage Board (KW&SB) managing director Asadullah Khan has directed to resolve all sewerage water related issues in Korangi Industrial Area,...

Importers found concealing financials to evade taxes

KARACHI: The Federal Board of Revenue (FBR) has found importers involved in concealment of their financial transactions to evade taxes, a tax official said...

Trade deficit widens to $5.8bln in July-Sept

ISLAMABAD: Trade deficit widened two percent to $5.8 billion in the first quarter of the current fiscal year of 2020/21 as both exports and...