Zubair Motiwala for out of turn release of IT refunds to small traders, SMEs

KARACHI: Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) M. Zubair Motiwala has stressed that the pending Income Tax Refund Claims of small traders, shopkeepers and the SMEs must be calculated out of the turn and the claims of around Rs50,000 to Rs100,000, whose… Continue reading

Pak-Qatar General Takaful Holds Takaful Awareness Session for SMEs

Karachi: Pak-Qatar General Takaful Limited (PQGTL) recently conducted awareness session on Takaful for local SMEs (Small & Medium Enterprises) sector in Faisalabad. Mufti Muhammad Ikhlaq, Regional Shariah Coordinator, conducted the training session and briefed everyone in attendance about the concept of Takaful, its modus operandi and Sharia’h guidelines. The training… Continue reading

Amid exports recovery to US$2b, Govt plans to increase lending in housing finance, SMEs for jobs: Reza Food is not insufficient, but inaccessible in Pakistan: EU ambassador

ISLAMABAD: The Governor State Bank Mr Reza Baqar has said that the exports have recovered to their pre-COVID monthly level of around $2 billion, with the strongest recovery in textiles, rice, cement, chemicals, and pharmaceuticals. Pakistan needs to focus on competitiveness and reduce imports even further to support local businesses…. Continue reading

Customs e-commerce clearance facility to support exports in post-corona era

PRGMEA chief asks govt to also launch Digital Market Policy in consultation with stakeholders. The Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) on Monday appreciated the efforts of Pakistan Customs to develop an e-commerce automated clearance facility in collaboration with the State Bank, saying the move will prove to… Continue reading

PM Package: Single-shift SMEs unable to benefit from peak hours’ electricity rates relief

The ‘Prime Minister Energy Relief Package’ will be enjoyed only by the larger units which have been working in multi shifts whereas the SME sector is already working in a single shift and they are not in a position to avail the relief announced recently in peak hours’ electricity rates…. Continue reading

FPCCI hails Prime Minister’s decision to reduce the electricity tariff for SMEs and Industries: Mian Anjum Nisar President FPCCI

Karachi (PR) Mian Anjum Nisar, President FPCCI has hailed the Prime Minister for his bold initiative to reduce electricity tariffs for SMEs and Industries. He said for a long, FPCCI was striving for a balanced electricity tariff for industries to compete with the regional trade. The struggle is now fulfilled… Continue reading

FPCCI urges for halal product certification to retain GCC market. Mian Anjum Nisar, President FPCCI

Karachi (PR) Mian Anjum Nisar president FPCCI while referring product certification to be required by Saudi Arabia wide its new note verbal No 210-41-1601, dated July 28, 2020, strongly urged all stakeholders in the public-private sector, Government sector, and ministry should take up this issue immediately. According to the notification… Continue reading

OLX introduces a new advertising tool for SMEs to reach online customers

OLX, Pakistan’s number one marketplace, has introduced an advertising tool to help small and medium businesses in Pakistan to proficiently plan and execute their online marketing campaigns. This new tool named as ‘Self-Serve’, will allow small and medium businesses to promote their products and services to almost 950,000 daily active… Continue reading

PM assures businessmen of opening Pak-Afghan border in a week

KARACHI: Prime Minister Imran Khan has assured business community that the blockage of containers at Pakistan-Afghanistan border would be removed within a week, and traffic would resume as it was before the COVID-19 pandemic. He was talking to a delegation of Federation of Pakistan Chambers of Commerce and Industry (FPCCI)… Continue reading

AHMED CHINOY SAID GOVERNMENT AIMING FOR 4 – 4.5% GROWTH OVER NEXT THREE YEARS SEEMS UNREALISTIC

Ahmed Chinoy Chairman of Pakistan Cloth Merchants Association said the Federal Government Aiming for 4-4.5% growth over next three years seems unrealistic because government showed lack of focus on economic priorities in the budget. Therefore it looks that the revenue targets could not be achieved at the time when coronavirus… Continue reading