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President Biden Appoints Members to President s Commission on White House Fellowships

FPCCI proposes severing power, gas connections of tax evaders

FPCCI proposes severing commercial power, gas connections of tax evaders

FPCCI stresses for extensive consultation to boost bilateral trade with S Korea

Daily Times May 28, 2021 KARACHI: Consul General of the Republic of Korea in Karachi, Kim Haksung Friday visited the Federation House and discussed with FPCCI leadership issues of bilateral trade, business travel, and the need to expedite the consultations to agree on a Free Trade Agreement (FTA). According to a FPCCI press release, the visit was organized by Pakistan-Korea Business Council. The Korean CG termed it a good opportunity for him to visit FPCCI and listen to the views of the Pakistani business community aimed at doing business with Korea. President of the Federation of Pakistan Chamber s of Commerce and Industry (FPCCI), Mian Nasser Hyatt Maggo, expressed satisfaction over the successful meeting with the Korean delegation and stated that Korea could be one of the top destinations for Pakistani Mangoes and Textiles.

Govt to slash turnover tax from 1 5pc to 0 5pc

National May 25, 2021 ISLAMABAD: The government is contemplating upon different options to provide relief to the country’s giant multinational companies including slashing down turnover tax from the existing rate of 1.5 per cent to 0.5 per cent in the upcoming budget. On a unanimous charter of demands presented by three chambers including Overseas International Chambers of Commerce and Industries (OICCI), Pakistan Business Council (PBC) and American Business Council (ABC) during their virtual meeting with Federal Minister for Finance Shaukat Tarin on Monday, they tabled 10 major demands and reduction in the turnover tax at the existing rate of 1.5 per cent was described as a matter of their survival so they demanded reducing it to 0.5 per cent in the upcoming budget. The FBR high-ups were also present in the meeting.

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