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FPCCI voices concern over FBR’s inaction over bank transactions’ WHT

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed grave concern over FBR’s inaction on Section 38-B and withholding tax on bank transactions and urged...

Failure in achieving targets: FBR to penalize 250 officers for poor performance

KARACHI: Federal Board of Revenue (FBR) has decided to punish over 250 officers including commissioners, additional commissioners, etc for their worst performance that left the board behind its revenue...

1H trade deficit widens to $17.963bn

ISLAMABAD: Pakistan’s trade deficit has widened to $17.963 billion during the first half of the current fiscal year, up by 24.50 percent over $14.428 billion recorded for the same...

Upward Trend Seen in Cotton Prices

At the Karachi Cotton Exchange on Wednesday, trading continued to remain slow while spot rates increased Rs200/maund to Rs7,800/maund (37.324kg) and Rs8,359/40kg. Ex-Karachi rates also rose to Rs7,945/maund and...

Business confidence improves: OICCI

KARACHI: Overseas Investors Chamber of Commerce and Industry`s (OICCI) latest business confidence index (BCI) has shown significant improvement of 8 per cent, and stood at 21pc, positive. After two consecutive...

FBR, ministry trade fire over regulatory duties

ISLAMABAD: The Standing Committee on Finance has directed the Federal Board of Revenue (FBR) and Ministry of Commerce to finalise a new list of items on which regulatory duties...

Karachi port poised for massive infrastructure upgrade

KARACHI: Federal Minister for Maritime Affairs Senator Mir Hasil Khan Bizenjo said on Saturday the government is enhancing the capacity of ports and developingthe relatedinfrastructure to facilitate the growing...

Buying interest renews on cotton market

KARACHI: Renewed buying interest at the lower level on Monday helped cotton prices to regain part of last week`s losses. The confusion over cotton crop size seems to have settled...

Textile, clothing exports grow 7pc

ISLAMABAD: Exports of textile and clothing recorded a growth of over seven per cent year-on-year in July-October, the Pakistan Bureau of Statistics (PBS) reported on Tuesday. The increase was mainly...

`Logistics industry must prepare for CPEC challenges`

KARACHI: Port Qasim Authority (PQA) Chairman Agha Jan Akhtar has said that the government is simultaneously working on a number of mega projects for enhancing the capacity of logistics...

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‘PM to announce package for KP businessmen soon’

PESHAWAR - The newly elected president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Ghazanfar Bilour has reiterated his commitment to resolve...

FBR seeks tax proposals for upcoming budget

ISLAMABAD - The Federal Board of Revenue (FBR) has sought proposals from all the stakeholders for upcoming budget 2018-19, urging that the suggestions must...

FPCCI chief vows to focus on resolving key issues of businessmen

ISLAMABAD (NNI): Ghazanfar Bilour, newly elected president of Federation of Pakistan Chambers of Commerce and Industry, has vowed that he would work hard to...