SBP appreciated for paying attention to KCCI s demand, keeping banks operational on May 10, 11
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President KCCI said SBP’s move would certainly give some breathing space to the exporters
KARACHI (Dunya News) – Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce & Industry (KCCI) Shariq Vohra have appreciated the State Bank of Pakistan (SBP) for paying attention to KCCI’s legitimate demand and accordingly deciding to keep those authorized branches of banks operational on May 10th and 11th who are dealing in foreign exchange & trade activities.
“We are very grateful to the government and SBP for keeping the authorized branches operational on first two days of next week to facilitate trade & industry, particularly the exports during the extended holidays before Eid-ul-Fitr”, said Chairman BMG Zubair Motiwala.
EU parliament’s resolution for reviewing the preferential scheme for imports from Pakistan has triggered some panic
ISLAMBAD:
The expression out of the frying pan and into the fire may be considered apt for Pakistan as it faces a potential threat to its exports to the European Union just as the country had begun to recover from the impact of the Covid-19 pandemic.
“Notwithstanding, the recent rise in Covid cases, Pakistan has been showing signs of a fragile economic recovery with a gradual resumption of economic dynamism,” according to a new World Bank report. The Covid-19 outbreak dealt a devastating blow to the world economy as global trade came to a grinding halt with economies going into lockdown. Even though Pakistan did not escape unscathed, it managed to rebound fairly quickly aided by the textile industry that received hefty orders from international buyers.
SAMAA - Non, France ne regrette rien but Pakistan's exports will tank samaa.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from samaa.tv Daily Mail and Mail on Sunday newspapers.
KARACHI: Businessmen on Saturday expressed dismay over Sindh government’s decision to allow limited business timings from Sehri to 6pm and complete closure of businesses on weekend.“We.
Daily Times
April 13, 2021
Chief Commissioner Corporate Regional Tax Office (CRTO), Dr Aftab Imam has assured business community of analysing the issue of higher turnover tax on yarn traders as compared to the profit margin and look into the possibility of restoring it back to 0.1 percent from 1.5 percent in the next budget.
The assurance was given by the chief commissioner at a meeting during his visit to the Karachi Chamber of Commerce and Industry (KCCI) which was attended by President KCCI M Shariq Vohra and others.
The chief commissioner CRTO mentioned that FBR is seriously working towards creating ease for the business community as the economy would only flourish when the businesses flourish that would automatically improve the tax revenue for the country.