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Author Archives: CT Report

Private sector asked to utilize market intelligence tools for enhancing trade ‏

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ISLAMABAD: The private sector was the driver of economic growth in Pakistan and it should be more proactive to focus on utilizing market intelligence tools in order to make informed decisions and compete more effectively in national and international markets. This was observed by Esam Alqarara, UNIDO Representative while addressing business community at Islamabad Chamber of Commerce and Industry. He ... Read More »

ICCI concerns over declining financing to SMEs‏

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ISLAMABAD: The Islamabad Chamber of Commerce and Industry shown great concerns over the declining financing by commercial banks to Small and Medium Enterprises (SMEs) in Pakistan as reduced lending to SMEs would further weaken the economy, cause decline in exports and tax revenue collection and push up unemployment in the country. Atif Ikram Sheikh, president, Islamabad Chamber of Commerce and ... Read More »

LCCI’s Sheikh Arshad invites Spanish investors

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LAHORE: Spain and Pakistan have a lot to offer each other’s businessmen. Therefore, the two sides should work out new strategy to initiate joint ventures in the areas of common interest. “Being an emerging economy, Pakistan has lot of opportunities for foreign investors in the fields of energy, leather, textile, tourism, food products, infrastructure, agro-based products, livestock and various other ... Read More »

ANF arrests drug smuggler recover 60 kgs of charas

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PESHAWAR: Anti Narcotics Force Peshawar arrested a smuggler and recovered 60 kilogram chars from the hidden cavity of the car. Sources said that personnel of Anti Narcotics Force flag down a car on Kohat road Peshawar and after searching its hidden cavities, they recovered 60 kilogram chars from his possession. The identity of the persons could not revealed by the ... Read More »

CDA asks to repair broken roads of Islamabad Dry Port on priority basis

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ISLAMABAD: Islamabad Chamber of Commerce and Industry called upon the Capital Development Authority to repair the broken roads of Islamabad Dry Port and Industrial Areas on priority in order to facilitate the growth of trade and industrial activities. Atif Ikram Sheikh, president, Islamabad Chamber of Commerce and Industry said that Islamabad Dry Port road was broken for the last 10 ... Read More »

Businessmen hail CM’s intervention in WHT on banking transactions issue

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LAHORE: Chief Minister Punjab Mian Shahbaz Sharif said that issue of withholding tax on banking transactions will be solved amicably. He was addressing a meeting of traders here at Chief Minister House on Monday. MNA Pervez Malik, LCCI Vice President and Political Assistant to Chief Minister Nasir Saeed, representatives of business community Ashraf Bhatti, Khalid Pervez, Anjum Mahmoob Butt, Naeem ... Read More »

Kenya keen to enhance trade volume with Pakistan

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SIALKOT: High Commissioner of Kenya in Pakistan Prof. Julius Kibet Bitok said that Kenya was intending to double the mutual bilateral trade volume with Pakistan from persisting US$ 600 million during the next two or three years, saying that the time was ripe to promote the strengthened mutual bilateral trade with Pakistan through enhancing the exports of tea, rice, traditional ... Read More »

Dar chairs meeting of Laws Review Committee

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ISLAMABAD: Federal Finance Minister, Mohammad Ishaq Dar chaired a meeting of the Laws Review Committee. The meeting discussed media reports that some bills that were passed by the Senate had lapsed since the National Assembly session had not been held. The meeting also reviewed in detail the progress for passage of the Anti-Money Laundering Amendment Bill 2014 as well as ... Read More »

LCCI lauds Sundas Foundation services to ailing humanity

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LAHORE: The Lahore Chamber of Commerce and Industry would continue to fulfill its corporate social responsibilities in a winsome manner. Organizations like Sundas Foundation are like a ray hope because of their matchless services to ailing humanity. These views were expressed by the LCCI president Sheikh Muhammad Arshad and vice president Nasir Saeed while talking to the Chairman of Sundas ... Read More »

Saudi envoy meets Ishaq Dar

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ISLAMABAD: The newly designated Ambassador of Saudi Arabia, Abdulah Marzouk Al-Zahrani paid a courtesy call on Federal Finance Minister, Mohammad Ishaq Dar. The Finance Minister while welcoming the Saudi Envoy, felicitated him on assuming his responsibilities and assured him of full support in undertaking his diplomatic obligations. Finance Minister Dar and the Saudi Ambassador on this occasion shared their deep ... Read More »

Dar presides over meeting on debt mangement  

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ISLAMABAD: Federal Finance Minister, Mohammad Ishaq Dar chaired a meeting to review the public debt related matters here. The DG Debt Policy Coordination Office briefed the Finance Minister on the overall debt portfolio of the country, its composition, cost and maturity. The Minister was informed that the  maturity profile of the domestic debt had improved over the last two years ... Read More »

LCCI implements SC orders on Urdu language

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LAHORE: The Lahore Chamber of Commerce and Industry announced to implement Urdu as official language and thus became first Chamber of the country which implemented the orders of Supreme Court of Pakistan. The decision was made by the LCCI president Sheikh Muhammad Arsad. He said that Founder of Pakistan Quaid-e-Azam Muhammad Ali Jinnah declared Urdu as national language of Pakistan ... Read More »

Thai delegation visits ICCI to explore investment opportunities ‏

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ISLAMABAD: A Thai delegation led by Ms. Chollada Areerajjakul, Executive Director, Board of Investment of Thailand along with representatives of Billiger and Company of Thailand visited Islamabad Chamber of Commerce and Industry to discuss and explore investment opportunities in Pakistan with special interest in food, processed agricultural products, textiles and clothing, construction, pharmaceutical and jewelry. Speaking at the occasion, Ms. ... Read More »

LCCI urges govt to solve the issue of WHT amicably

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LAHORE: The Lahore Chamber of Commerce and Industry Thursday urged the government to take business community on board and solve the issue of withholding tax on bank transactions amicably. In a statement issued here, the LCCI President Sheikh Muhammad Arshad and Vice President Nasir Saeed said that solution of this issue would not only help create business friendly atmosphere but ... Read More »

Real estate sector shows signs of improvement

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LAHORE: Pakistan’s real estate sector made a strong comeback after the Eid break, according to property portal, Lamudi.pk (http://www.lamudi.pk/). This is due to the influx of overseas Pakistanis who were back in the country to celebrate Eid with loved ones. Eid was perfectly timed with the improved security situation in the country. With the successful Karachi operation underway, eliminating the ... Read More »

ICCI urges FBR to address concerns of traders over WHT ‏

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ISLAMABAD: The traders community was feeling disturbed from the levy of 0.6 percent withholding tax on banking transactions of non-filers exceeding amount of Rs 50000/- and Federal Board of Revenue should take urgent measures to address the concerns of business community on this important issue, observed Atif Ikram Sheikh after taking over charge as President, Islamabad Chamber of Commerce and ... Read More »

PM Nawaz hails Dar on achievement of US $20b forex reserves

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ISLAMABAD: Pakistan’s foreign exchange reserves have crossed US$ 20 billion on Thursday which is a new all time record for the country. These include US $ 15.24 billion that are with the State Bank of Pakistan and US$ 4.83 billion held by the commercial banks. Prime Minister Mohammad Nawaz Sharif has congratulated the Finance Minister, Senator Mohammad Ishaq Dar on ... Read More »

ICCI signs MoU with Economic Reforms Unit of Ministry of Finance

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ISLAMABAD: Recognizing the importance of alternate dispute resolution mechanism for effective and speedy resolution of trade disputes, Islamabad Chamber of Commerce and Industry (ICCI) has signed MoU with Economic Reforms Unit of Ministry of Finance ( ERUMF) for the establishment of Alternate Dispute Resolution Center at its premises to facilitate the local business community in out-of-court settlement of business to ... Read More »

119 direct, indirect taxes hampering economic activities in Punjab: LCCI

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LAHORE: Senior vice president of the Lahore Chamber of Commerce and Industry Mian Nauman Kabir demanded of the government to bring down the number of taxes in Punjab as around 119 direct and indirect taxes are hampering the economic activities in the province. In a statement issued here, the LCCI senior vice president Mian Nauman Kabir said that in the ... Read More »

Microsoft releases Office 2016 worldwide

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KARACHI: Microsoft Corp. began the worldwide release of Office 2016. The apps are the latest addition to Office 365, Microsoft’s cloud-based subscription service that helps people do their best work, together. The company also announced new and enhanced Office 365 services built for team productivity. “The way people work has changed dramatically, and that’s why Microsoft is focused on reinventing ... Read More »