Commerce and Industry Archives - Page 122 of 227

FSC. verdict landmark decision that had remained pending since 2002. FSC judgment has removed any legal resistance in the way of implementing an Islamic economic system

On: May 2, 2022

Tagged: Federal Shariat Court, FSC judgement, injunctions of Islam, Institute of Policy Studies, Riba-free economy

IPS’ roundtable lauds FSC judgement on Riba-free economy Concerted efforts by govt, stakeholders for implementation stressed ISLAMABAD ( Web News ) The much-awaited verdict of the Federal Shariat Court (FSC) on interest-free economy, despite being overly delayed, sets the course in the right direction by cogently answering all reservations putRead More →

ICCI demands single sales tax collection authority to facilitate the business community He proposed that this rate should not be more than 0.5% for all sectors other than FMCGs.

On: May 2, 2022

In: Commerce and Industry

Tagged: business community, collection authority, ICCI & FPCCI, Islamabad Chamber, single sales tax

ISLAMABAD ( Web News ) Muhammad Shakeel Munir, President, Islamabad Chamber of Commerce & Industry (ICCI) said that the government should assign collection of sales tax across the country to FBR and introduce a single sales tax return in the upcoming budget for the taxpayers providing services in federation andRead More →

ICCI calls for taking urgent measures to end the power crisis Loadshedding, would badly affect the economic activities besides making life of the common man more miserable

On: April 29, 2022

In: Commerce and Industry

Tagged: 6000 to 7000 MW, great concerns, Islamabad Chamber, loadshedding, power shortage

ISLAMABAD ( Web News ) Muhammad Shakeel Munir, President, Islamabad Chamber of Commerce & Industry (ICCI) has expressed great concerns over the rising power crisis in the country as the power shortage has reportedly shot up to 6000 to 7000 MW and called upon the government to take urgent measuresRead More →

ICCI calls for uniform sales tax rate on Overseas Employment Promoters in Pakistan Government to introduce a uniform sales tax rate on the services of Overseas Employment Promoters

On: April 29, 2022

In: Commerce and Industry

Tagged: Federal Tax Ombudsman, Islamabad Chamber, Overseas Employment, Punjab and Sindh

ISLAMABAD ( Web News ) Muhammad Shakeel Munir, President, Islamabad Chamber of Commerce & Industry (ICCI) briefed Muhammad Majid Qureshi, Advisor (IT), Federal Tax Ombudsman about the tax issues of Overseas Employment Promoters during his visit to ICCI. Jamshaid Akhtar Sheikh Senior Vice President, Muhammad Faheem Khan Vice President ICCIRead More →

Philip Morris announces financial results for Q1 ended March 31st, 2022 Cigarette industry continues to be challenged by the wide presence of non-tax paid illicit cigarettes

On: April 29, 2022

In: Commerce and Industry

Tagged: Exports Net, financial results, Philip Morris, PKR 5345 million, Q1 2022 Results

Philip Morris (Pakistan) Limited announces financial results for Q1 ended March 31st, 2022 ISLAMABAD ( Web News ) Philip Morris (Pakistan) Limited (“PMPKL”) generated Total Net Turnover of PKR 5,345 million reflecting Domestic Net Turnover of PKR 4,497 million, + 2.1% vs. prior period due to an unaltered excise taxRead More →

Lucky Cement announces the consolidated earnings of PKR 26.53 billion This translates into earnings per share (EPS) of PKR 64.07 / share as compared to PKR 56.36

On: April 28, 2022

In: Commerce and Industry

Tagged: chemicals business, Lucky Cement Limited, PKR 26.53 billion, Profit After Tax, turnover of PKR 265.70 B

Lucky Cement announces the consolidated earnings of PKR 26.53 billion for the nine months ended March 31, 2022. KARACHI ( Web News ) On a consolidated basis, Lucky Cement Limited reported the profit after tax to date of PKR 26.53 billion of which PKR 5.81 billion is attributable to non-controllingRead More →

Nilofar Giga Mall and IWWCCI providing opportunities for Bussinesswomen 100 free shops for women entrepreneurs at the shopping mall for three months.

On: April 28, 2022

In: Commerce and Industry

Tagged: 100 free shops, GIGA Mall, Ms. Nilofar Bakhtiar, Women Chamber, women entrepreneurs

ISLAMABAD ( Web News ) Women Chamber of Commerce and Industry (IWCCI) in collaboration with the management of GIGA Mall has set up 100 free shops for women entrepreneurs at the shopping mall for three months. Ms. Nilofar Bakhtiar, Chairperson of the National Commission on the Status of Women, hasRead More →

China to set up new LNG terminal in coastal area of Pakistan The terminal will possibly be operated in the coast of Arabian Sea, south of Pakistan, Shahid Karim.

On: April 28, 2022

In: Commerce and Industry

Tagged: an EPCF contract, Daewoo Gas, new LNG terminal, Shahid Karim CEO, The Fourth Construction

BEIJING ( Web News ) The Fourth Construction Co. Ltd (FCC) of China National Chemical Engineering Group Corporation (CNCEC) has signed an EPCF contract with with Daewoo Gas to set up a new LNG terminal in Pakistan. With a nameplate capacity of 2.5 million tons per annum (mtpa) of LNG,Read More →

Business Community expresses solidarity with Pakistani Armed Forces army should not be dragged into unnecessary controversies as it would be harmful for the national integrity.

On: April 27, 2022

In: Commerce and Industry

Tagged: Armed Forces, business community, full solidarity, Islamabad Chamber, national sovereignty

Business Community expresses solidarity with Pakistani Armed Forces Islamabad ( Web News ) The business community in a meeting at Islamabad Chamber of Commerce & Industry (ICCI) expressed full solidarity with the Pakistan Armed Forces as their role was very vital in maintaining national sovereignty and protecting the borders fromRead More →

Pakistan’s exports to regional countries witnessed an increase of 23.50 %. China tops the list Pakistan’s exports to its neighbor, leaving behind Bangladesh and Afghanistan.

On: April 26, 2022

In: Commerce and Industry

Tagged: $3440.687 million, Afghanistan, Bangladesh, China, increase of 23.50 %, Pakistan Exports, Regional Countries

ISLAMABAD ( Web News ) Pakistan’s exports to the seven regional countries witnessed an increase of 23.50 percent in first three quarters of fiscal year (2021-22), as compared to the corresponding quarters of last year. The country’s exports to seven regional countries including Afghanistan, China, Bangladesh, Sri Lanka, India, NepalRead More →

ICCI calls for fixed tax regime for marble industry in the upcoming budget Pakistan possessed over 292 billion tonnes of indicated marble reserves and 99 % of them existed in KP

On: April 24, 2022

In: Commerce and Industry

Tagged: broaden tax base, fixed tax regime, Islamabad Chamber, Marble Industry, tax collection

ISLAMABAD ( Web News ) In order to optimize the tax collection and broaden the tax base, the government should re-introduce the fixed tax regime for the marble industry on the pattern of the Tier-2 retailers from whom the sales tax is charged through electricity bills. This was stated byRead More →

Coalition govt need to come up with economic reforms strategy: Dr. Hafeez Pasha Govt. needs to be taken as a golden opportunity to correct the economy and rationalize our taxation system.

On: April 24, 2022

In: Commerce and Industry

Tagged: 12-billion-dollar, Dr. Hafeez A Pasha, economic priorities, Economic Reforms, Negotiations with IMF

Coalition govt need to come up with economic reforms strategy: Dr. Hafeez Pasha ISLAMABAD ( Web News ) Dr. Hafeez A Pasha, former finance minister Pakistan, has said the agenda of comprehensive economic reforms strategy should be the top most priority for the new coalition government. It is for theRead More →

Commerce and Industry (Page 122)