Daily Times Welcome tax exemptions granted to certain industries Say tax target should have been kept at last year’s level
June 12, 2021
Following the announcement of the PTI-led government’s budget for the fiscal year 2021-22, economic experts and traders expressed mixed opinion over the budgetary proposals for fiscal year 2021-22.
Speaking during a press conference, President of Lahore Chamber of Commerce and Industry (LCCI) Mian Tariq Misbah said the government has agreed to several demands of the business and trade community when preparing the budget, however, the tax target should have been kept at the same level as last year. “The amount allocated in the budget for four dams should also have been increased,” he said, adding that the exceptions granted to the pharmaceutical industry and the information and technology sector is a positive move.
US retail giant adds Pakistani products
Dawood says country should prioritise brand development to enhance exports
The Kroger supermarket chain s headquarters is shown in Cincinnati, Ohio. PHOTO: REUTERS
KARACHI:
Pakistan’s endeavours to promote its products at the retail level have borne fruit as The Kroger Company, the third largest retail store chain in the US, has added Pakistani food products to its outlets.
“The Ministry of Commerce is pleased to inform that Pakistani food products are now available at The Kroger Co, US,” tweeted Adviser to Prime Minister on Commerce Abdul Razak Dawood on Tuesday.
According to a statement issued by the Ministry of Commerce, the company has 2,700 stores and an annual turnover of nearly $122 billion.
In this file photo, shopkeepers sit along a closed market after a shutdown was imposed in a bid to prevent a surge in Covid-19 cases during Eid in Rawalpindi. AFP/File
KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) on Tuesday urged the Sindh government to allow small traders and shopkeepers in the city to open businesses ahead of Eidul Fitr from iftar to sehri so that they could recoup some of the losses caused by the Covid-19 pandemic.
Urging the provincial government to minimise the hardships faced by distressed citizens including the trading community in Karachi, KCCI president Shariq Vohra suggested that restrictions on businesses should be lifted for two days (Wednesday and Thursday) before Eid from dusk till dawn.
KCCI appeals for opening markets on last two days before Eid
Business
May 12, 2021
KARACHI: Officials at Karachi Chamber of Commerce & Industry (KCCI) on Tuesday appealed to Sindh government to allow the markets to operate on the last two days before Eid to save small traders from going out of business.
“It was imperative for them to be able to recover some of the grave losses suffered by them due to stringent curbs imposed to contain further spread of Covid-19 pandemic,” said Zubair Motiwala, Chairman Businessmen Group & Former President KCCI Zubair Motiwala, in a statement.
“Keeping in view the not so bad number of Covid-19 cases in Karachi, we believe there is some room available to let shopkeepers do business at least on Wednesday and Thursday from Iftar to Sehri.”