FPCCI Central Standing Committee on Media and Broadcasting holds its second meeting

Karachi: FPCCI Central Standing Committee on Media and Broadcasting held its second meeting here today via Zoom from FPCCI. The objective of the meeting was to highlight the issues being faced by an important sector of media — those involved in PR, Events, Digital and Activations. For this purpose, founding members of PREDA, a Council representing PR, Events, Digital and Activations companies, had been invited to share their issues resulting from the lockdown owing to Covid-19.

Usama Khan Warsi the convener of the committee on Media and Broadcasting had authorized his deputy-convener, Shanaz Ramzi, who is also the chairperson of PREDA to host the meeting. Presiding over the meeting were senior leader FPCCI Mian Zahid Hussain and vice president FPCCI Khurram Ijaz. Among those attending the session were guest of honour former VP FPCCI Saquib Fayyaz Magoon and Seema Taher Khan, and chief guest Nida Khuru, MPA PPP from government of Sindh who attended the session in person. PREDA was represented by Frieha Altaf (SVP PREDA), Selina Rashid (VP PREDA), Ahmed Jang (Hon.Sec PREDA), Farishteh Aslam, Anisa Khan, Tehmina Khalid, Hasan Rizvi, Sarfaraz and Jehanzeb, Rasikh Ismail and Phebe Haroon — all founding members of PREDA.

The participants pointed out that regardless of whether they are running PR or digital companies, or of event management and activations, businesses have been sorely affected, as in the case of the former two, celebrity clients are not being able to afford retainers with PR agencies as they are out of work themselves, while in the case of the latter no events are taking place. Considering that overheads are the same and employees have to be paid their monthly salaries, if the government does not intervene, they will have to start laying off people. The intervention required is to ensure the bare survival of these companies in these trying times. All allied jobs and professions such as vendors involved in making of sets, florists, etc, are also now without jobs and livelihood opportunities because of these companies suffering financially.

There were four basic and reasonable demands of the participants:

• to remove the double taxation from the system that these companies are being subjected to;
• to clear pending tax refunds from FBR, which is the right of every tax payer;
• invoice discounting by SBP under policy with zero collateral – they are willing to bear discounting cost as this will help ease their cash flow –
• and finally, to create a purchase system to bring every vendor under the tax bracket, which will be of help to the government as well as to them.
• Government is providing help and support to other industries, and their request was to provide the same to them too. Some participants felt that not only is the government not giving this sector any consideration in taxes – they are paying 23 per cent in taxes to the government, which is a huge amount — but is also offering no relief to them in any other way either, such as in utility bills.

Khuro assured the speakers that she would take these demands to the government and help in whatever way she could. Mian Zahid Hussain also offered his support. The chair informed that PREDA had also reached out to advisor to the prime minister on finance and revenue, Hafeez Sheikh, and was hoping for a positive response from him.

Bookmark the permalink.

Comments are closed.

  • RSS Newsnreleases

    • New Revolt Token To Be Revealed Next Week 01-Aug-2021
      Alternet Systems Inc. announced its cryptocurrency funding partner Revolt Token (RVLT) will reveal on Tuesday next week, August 3rd, 2021,... Continue reading The post New Revolt Token To Be Revealed Next Week appeared first on NewsnReleases.
    • How Renewable Energy Affect Global Economy 31-Jul-2021
      Customers and companies are looking for more cost-effective ways to ramp up renewable electricity generation from wind, solar and hydropower,... Continue reading The post How Renewable Energy Affect Global Economy appeared first on NewsnReleases.
    • CluCoin (CLU) Launches Community-Driven Token on BSC 31-Jul-2021
      CluCoin (CLU) is a unique blockchain-based ecosystem based on hyper-deflationary CLU tokens. Binance Smart Chain (BSC), a fastest-growing smart contract... Continue reading The post CluCoin (CLU) Launches Community-Driven Token on BSC appeared first on NewsnReleases.
    • GULAGToken: The Cryptocurrency to Change Crowdfunding Space 31-Jul-2021
      GULAGToken is a community-based DeFi project which was fair launched in July 2021 on the Binance Smart Chain.  GULAGToken provides... Continue reading The post GULAGToken: The Cryptocurrency to Change Crowdfunding Space appeared first on NewsnReleases.
    • Morgan Stanley’s Antwerp Management buying Augean Plc for £314.9mn 30-Jul-2021
      LONDON, UK: Antwerp Management Limited, a newly-incorporated company indirectly owned by funds managed or advised by Morgan Stanley Infrastructure Inc.... Continue reading The post Morgan Stanley’s Antwerp Management buying Augean Plc for £314.9mn appeared first on NewsnReleases.