FPCCI and CCPIT aims to Boost Pakistan-China Trade with Land-Sea Corridor
Mr. Atif Ikram Sheikh, President FPCCI, has apprised that, in a landmark development, FPCCI and China Council for the Promotion of International Trade (CCPIT), have formed an alliance for land-sea corridor; which comprises of chambers of commerce & industries of 17 regional, sub-regional and economically-significant countries.
Adil AzizFPCCI protest against the infrastructure development cess on import and export
Mr. Atif Ikram Sheikh, President FPCCI, has strongly denounced the recent decisions by Khyber Pakhtunkhwa (KPK) and Balochistan governments to impose infrastructure development cess (IDC) on not only imports but exports as well. These are anti-business and anti-export measures; and, FPCCI, being the apex body, is receiving feedback from all chambers, associations and trade bodies from across Pakistan to advocate reversal of these counterproductive measures, he added.
Fatima Fertilizer given prestigious FPCCI Award by the President of Pakistan
Fatima Fertilizer was uniquely recognized as the Best Innovative Agricultural Products Company, by the President of Pakistan, at the 12th Excellence Awards of the Federation of Pakistan Chamber of Commerce and Industries (FPCCI), the country’s apex trade and industry association.
Editor
International conference AgriTech: Feeding the Future to be held on August 28
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Islamic Chamber of Commerce and Development (ICCD) will organize an international conference titled ‘AgriTech: Feeding the Future’ on August 28 at Expo Center, Karachi.
Mehfooz
Customs appraisement Chief Collector to resolve genuine issues & expedite digitalization: Saquib Fayyaz Magoon
Mr. Asif Sakhi, VP FPCCI, reiterated FPCCI’s stance that any delays at customs stage increases the demurrages and detention charges for the business community – and, terminal operators and shipping companies charge them exorbitantly. We do not want any concessions, exemptions or waivers; but, we want our due and rightful facilitation during customs appraisement.
FPCCI’s demand to bring retail tax on final stage, cut in mark-up and power tariff
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) demanded of the government to reduce the interest rate to 12 percent. The electricity price should be reduced to 9 cents for all industries. Contracts with Independent Power Producers (IPPs) should be revisited. Cross subsidies of Rs 240 billion should be eliminated and tax on the retail sector should be taken at the final stage.
FPCCI calls for a growth-oriented budget 2024-25 for trade, industry
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) called for a growth-oriented budget 2024-25 for the trade and industry and also prioritized export-led growth.
DG Custom Valuation visits FPCCI review time should be reduced & valuations updated
Mr. Atif Ikram Sheikh, President FPCCI, has apprised that during the visit of Director General of Custom Valuation to FPCCI Head Office in Karachi, it has been agreed, in principle, to work together to reduce review time from 30 days to as low as possible to facilitate country’s trade and industrial production – which is the cornerstone of any economy to create jobs, generate revenues and achieve economic growth. The business community would like to see review time vis-à-vis custom valuation come down to 7 days and we will make it part of FPCCI’s proposals for the federal budget 2024 – 25 as well.
Maladministration in FBR Business Community looks towards FTO for fair treatment
Mr. Atif Ikram Sheikh, President FPCCI, has proposed that the office of the Federal Tax Ombudsman (FTO) should be utilized to deal with maladministration at Federal Board of Revenue (FBR) to create a fair, corruption-free and broadened taxation system. Business Community looks towards FTO for fair treatment at the hands of tax machinery
Karachi gateway terminal business community shocked at three-fold increase in charges
Mr. Saquib Fayyaz Magoon, SVP FPCCI, has apprised that the business, industry and trade community is in the state of shock and disbelief at three-fold increase in container terminal charges since Karachi Gateway Terminal Limited (KGTL) has taken over the management of container terminal at Karachi Port’s East Wharf. Previously, charges were PKR. 150 per metric ton and they have been raised to PKR. 480 per metric ton, he added.