Friday, January 27
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Chambers of Commerce

PCJCCI collaborates with Sichuan International Chamber to establish Pakistan-Chengdu Economic and Trade Center

Chambers of Commerce, Official News
Lahore, August 15, 2018 (PPI-OT): Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) has embraced a long-term collaboration with Sichuan International Chamber of Commerce, Halal Food Commission to establish Pakistan-Chengdu Economic Trade Center for creating joint business activities between China and Pakistan, especially for establishment of Special Economic Zones in Pakistan under CPEC. In this connection, an MOU has been signed as final phase of the efforts taken by PCJCCI trade delegation in a current visit of China under leadership of Mr. S.M. Naveed, President PCJCCI, who signed the MoU on behalf of his Chamber. From Sichuan International Chamber, Mr. Ma Zhijun, President of the Sichuan International Chamber of Commerce, Halal Food Commission signed the MOU. Mr. S.M. Nave...

FPCCI evolves recommendations for 2nd Round of Pak-China Free Trade Agreement

Chambers of Commerce, Official News
Karachi, August 10, 2018 (PPI-OT): Pakistan’s exports to China even under 2nd Phase of Pak-China Free Trade Agreement (PCFTA) will not increase until the tariff line offered by China to Pakistan’s competitors Bangladesh, Vietnam and India under ASEAN-China FTA is also made available to Pakistan as it is one of the major reason that Pakistan’s market in China has been eroded away. This was stated by Syed Mazhar Ali Nasir, Sr. Vice President and Chairman Budget Advisory Council of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in his welcome address while inaugurating the FPCCI Round Table Conference on China-Pak Free Trade Agreement held simultaneously through video conference at FPCCI Head Office Karachi; zonal office, Lahore and Capital Office Islamabad under his Cha...

PCJCCI launches move to invite investment for 37 SEZs

Chambers of Commerce, Official News
Lahore, August 09, 2018 (PPI-OT): Pakistan China Joint Chamber of Commerce and Industry has launched a sustainable move in China to attract Chinese business community for investment in the 37 Special Economic Zones (SEZs) to be set up in Pakistan under second phase of China-Pakistan Economic Corridor (CPEC). It was observed by Mr. S. M. Naveed, who is leading a delegation of PCJCCI to China along with the executive committee members, in a press statement issued from Beijing. “We have taken Pakistan’s diplomats, based in China, on board to make the second phase of CPEC, a brilliant success”, he said adding that PCJCCI wants to further promote the bilateral business between Pakistan and China in liaison with Pakistan Embassy and consulates in China. While speaking to the diplomats, he has hi...

New Visa Office to be opened for Visas

Chambers of Commerce, Official News
Karachi, August 08, 2018 (PPI-OT): The government of UAE will be opening a new office in Karachi in next two months to attend all kind of visas including renewal of residence and work permits to facilitate Pakistanis going to UAE announced by the Acting Consul General of UAE in Karachi Bakheet Ateeq Al Romaithiin the 1st meeting of Pakistan-UAE Business Council FPCCI, chaired by Dr. Mirza Ikhtiar Baig, Chairman of the council held at the Federation House. Dr. Baig discussed proposals for 12th Session of Pak UAE Joint Ministerial Commission (JMC), particularly early signing of Pak-GCC Free Trade Agreement, resolution of PTCL/Etisalat outstanding dues. Dr. Baig informed that bilateral trade between the Pakistan and UAE is US$8.3 billion which includes Pakistan exports to UAE US$ 869 million ...

PCJCCI Delegation Witnesses Warm Welcome in Beijing

Chambers of Commerce, Official News
Lahore, August 07, 2018 (PPI-OT): The trade delegation of Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) reached China the other day and got a warm welcome by Mr. Masood Khalid, Ambassador and other dignitaries at Embassy of Pakistan in Beijing. At this occasion, Mr. S.M Naveed, President PCJCCI, said that PCJCCI is promoting bilateral business between Pakistan and China. He also elaborated about the obstacles faced by the industries of Pakistan due to lack of modern and up-to-date technology which is needed for the betterment of industrial units. He said the private sectors of both Pakistan and China should develop close cooperation to draw maximum benefits from CPEC-related projects and explore untapped areas for mutual collaboration. Mr S.M Naveed asserted that China now...

KCCI President advises State Bank of Pakistan to postpone abolition of Open Account Facility to September 30

Chambers of Commerce, Official News
Karachi, August 07, 2018 (PPI-OT): In order to safeguard the interest of business community, President Karachi Chamber of Commerce and Industry (KCCI) Muffasar Atta Malik has advised the State Bank of Pakistan (SBP) to postpone the last date for abolition of ‘Open Account Facility’ for Importers from August 10, 2018 to September 30, 2018. In a letter issued to Governor SBP Tariq Bajwa, President KCCI stated that while seeking KCCI’s assistance, many member firms informed that their consignments remain stuck up due to restrictions imposed by State Bank’s FE Circular No. 07 of 2018 dated July 20, 2018 in which the Central Bank notified to abolish open account facility for importers. He pointed out that the State Bank introduced the open account facility in 2017 under which the condition of s...