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Author Archives: CT Report

Viable solar technologies, investments to reduce energy crisis: Reon CEO

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LAHORE: Pakistan is located in a region with ample sun energy that makes it suitable to utilize solar power technologies to overcome the energy crisis. The largest businesses today are effectively making use of solar energy to power their operations. Solar Energy can now be an affordable and practical contributor to our country’s energy needs. Reduced capital expense has made ... Read More »

LABARD fulfills commitment to rehabilitate disabled persons

LCCI President Ijaz A Mumtaz

LAHORE: While fulfilling its promise of rehabilitation of the disabled persons, the Lahore Businessmen Association for Rehabilitation of Disabled (LABARD) has distributed cooking cart along with equipment, mobile phone repairing counter, equipment for beauty parlor, hair cutting salon, sewing machines etc among the disabled persons at an impressive ceremony which was chaired by the LCCI President Ijaz A. Mumtaz here ... Read More »

ICCI calls for construction of new dams to cope with floods, energy crisis‏

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ISLAMABAD: Islamabad Chamber of Commerce and Industry has called upon the government to focus on the construction of more dams, especially in flood-prone areas that will help in coping with flash floods  and generating cheap energy. Muzzamil Hussain Sabri, President, Islamabad Chamber of Commerce and Industry said that once again the devastating floods due to recent rains have highlighted the ... Read More »

PML (Q) fully support traders against withholding tax‏

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LAHORE: Pakistan Muslim League (PML) senior central leader and former deputy prime minister Ch Parvez Elahi has said that his party stands with traders on their demand about withholding tax and will raise voice against this oppression on them both inside and outside the assembly. He said this while talking to a delegation of Liberty Small Traders Association, headed by ... Read More »

FCCI starts medical certificate facility for its members

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FAISALABAD. Faisalabad Chamber of Commerce and Industry (FCCI) should continue its committed, dedicated, and professional research based efforts to facilitate its members by adding more and more facilities under its umbrella, said Mian Muhammad Adrees President Federation of Pakistan Chambers of Commerce and Industry (FPCCI). He was addressing a function after unveiling a plague for the inauguration of the facility ... Read More »

Dar chairs meeting to review progress on talks regarding WHT

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ISLAMABAD: Federal Finance Minister Mohammad Ishaq Dar here chaired a briefing session to review progress on talks with business community regarding withholding tax as well as on other tax related issues. It may be recalled that, as per directions of the Finance Minister to hold meaningful parleys with business community, three committees were constituted on 27th July 2015 which included ... Read More »

Vietnam keen to promote trade, economic ties with Pakistan: Envoy

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ISLAMABAD: A large delegation of Vietnam led by Nguyen Xuan Luu, Ambassador of Vietnam to Pakistan and Hoang Duc Nhuan, Ministry of Industry and Trade of Vietnam, visited the Islamabad Chamber of Commerce and Industry and held meetings with local businessmen to explore possibilities of business cooperation in areas of mutual interest. The delegation was representing textiles, electrical equipment, steel, ... Read More »

LCCI urges govt to activate fire brigade station at Ferozepur Road Industrial Area

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LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the Punjab government to activate fire brigade station at Ferozepur Road Industrial Area. The demand was raised by LCCI senior vice president Mian Nauman Kabir while talking to a delegation of Ferozepur Road Industrial Association (FRIA), led by its chairman Mubasher Butt and patron-in-chief Adnan Butt, here at the ... Read More »

KCCI, Vietnamese delegates hold meetings to enhance trade activities

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KARACHI: A high-level delegation from Vietnam, led by the Deputy Director General of Africa and South West Asia Department of Vietnam’s Ministry of Trade and Industry, Hoang Duc Nhuan, visited the Karachi Chamber of Commerce and Industry (KCCI) to hold business-to-business meetings with their counterparts in Karachi. Prior to the commencement of the formal meeting, an introductory session was held ... Read More »

Nigeria seeks strong trade links with Pakistan: High Commissioner

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SIALKOT: High Commissioner of Nigeria in Pakistan Dauda Danladi has stressed the need for establishing strong trade links between the businessmen of Nigeria and Sialkot-Pakistan for further strengthening the trade ties between Pakistan and Nigeria . He said that the time was ripe for both of the countries to take advantages of the two-way trade. He stated this while discussing in details the ... Read More »

Excise impounds 36 vehicles during road checking

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MULTAN: Excise and Taxation Department Multan Division has impounded 36 defaulting vehicles throughout Multan City. Director General Excise and Taxation ,Jaam Siraaj has constituted special teams in Multan divisions for checking of vehicles under the supervision of Excise and Taxation officers. The teams consist of Excise and Taxation Officers (ETOs), Assistant Excise and Taxation Officers and Inspectors for checking. According ... Read More »

Dar chairs meeting to review preparations for Pak- Afghan JEC‏

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ISLAMABAD: The Federal Minister for Finance Mohammad Ishaq Dar presided over a meeting to review the Preparations for the Upcoming 10th  Pak-Afghan Joint Economic Commission session. Additional Secretary Economic Affairs Division Mr. Omar Hamid briefed the meeting on the implementation status of the decisions taken on bilateral economic issues between Pakistan and Afghanistan in the previous JEC meeting. Omar Hamid ... Read More »

Pakistan, Romania should focus on enhancing trade ties: Sabri‏

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ISLAMABAD: Muhammad Shakeel Munir, senior vice president of the Islamabad Chamber of Commerce and Industry hosted a farewell dinner in honour of Dragos Cosmin LUCA, deputy Head of Mission of Romania and his spouse. Muzzamil Hussain Sabri president, M. Ashfaq Hussain Chatha vice president, Islamabad Chamber of Commerce and Industry, Khalid Javed and Mian Shaukat Masud former presidents ICCI, Emilion Ion, Ambassador ... Read More »

Expansion of tax net is need of the hour, says CEO TADP

S.M. Muneer

LAHORE: Chief Executive of Trade Development Authority of Pakistan (TDAP) SM Muneer has given a well designed and well tailored recipe to enhance exports in the quickest way. He was speaking at the Lahore Chamber of Commerce and Industry. The LCCI President Ijaz A. Mumtaz presented the address of welcome while senior vice president Mian Nauman Kabir, former LCCI presidents Iftikhar ... Read More »

100,000 new people added in tax net: Jam Kamal

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ISLAMABAD: Minister of State for Petroleum and Natural Resources Jam Kamal informed the Senate that government took various steps to broaden tax net adding that 100,000 new people were brought into tax net. Concluding discussion on a commenced motion moved by Shibili Faraz regarding steps taken by the government to broaden the tax net in the country, the minister said ... Read More »

ICCI organise reception in honour of cricketer Immad Wasim

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ISLAMABAD: The Islamabad Chamber of Commerce and Industry has organized a reception in honour of Pakistani cricketer Immad Wasim who hit the historic six against Sri Lanka in the last T20 and won the match for Pakistan.  Ashfaq Hussain Chatha, acting president, M. Shakeel Munir, senior vice president, Islamabad Chamber of Commerce and Industry, Sports Committee members of ICCI, representatives ... Read More »

NAB decides to hold six inquiries, three investigations

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ISLAMABAD: The Executive Board Meeting (EBM) of National Accountability Bureau (NAB) was held under the chairmanship of Qamar Zaman Chaudhry at the NAB Headquarters, Islamabad. The meeting decided to file a corruption reference against Muhammad Jalal, Ex-Secretary Health, Dr Naseer Ahmad Baloch, Additional Secretary, Dr Abdul Baqi Durrani, Head of Medicine and others. In this case, the accused allegedly misused ... Read More »

Turkey to establish Consulate in Lahore soon

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LAHORE: Turkey would soon open its consulate in Lahore very soon to facilitate businessmen. This was revealed at a meeting between the 12-member Turkish delegation and the LCCI President Ijaz A. Mumtaz here at the Lahore Chamber of Commerce & Industry. CEO Pakistan Turkey Business Association Sadi Yildirir and head of Turkish delegation Tevfik Ayhan also spoke on the occasion. ... Read More »

Khidmat Cards holders will not be charged on ATM transactions in Punjab

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LAHORE: The Punjab government has established Punjab Social Protection Authority (PSPA) to launch a targeted cash transfer program for disabled and poor people under the auspices of “Khidmat Card”. To ensure provision of maximum options, the beneficiaries would be able to withdraw cash through ATMs of all Financial Institutions (FIs) throughout the country. In order to save beneficiaries from extra financial ... Read More »

ICCI hails formation of new forum for boosting exports‏

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ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI)  has lauded the government’s initiative for creating a new forum comprising key economic ministries to focus on improving falling production and exports of the country. The ICCI has called upon the government to ensure proper representation of the private sector in the said forum to make its efforts more effective and well-targeted. ... Read More »