Commemorate 14th August with Austerity and Divert Funds to Flood Relief: Irfan Iqbal Sheikh

Karachi, August 04, 2022 (PPI-OT):Mr. Irfan Iqbal Sheikh, President FPCCI, has demanded that the government should commemorate the Independence Day this year with austerity; and, divert the funds toward the flood relief operations and rehabilitation of the affectees. He noted with profound concern that more than 500 people have died in Balochistan alone; thousands are…

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Governor SBP to set up Joint Interaction Committee with FPCCI

Karachi, August 04, 2022 (PPI-OT):Dr. Murtaza Syed, Governor (A) State Bank of Pakistan (SBP) has announced the formation of a committee and appointment of an SBP liaison officer for close coordination with the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and timely redressal of grievances of business committee. He made this announcement during…

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4.5% Intra D-8 Trade is insufficient; PTA needs implementation: Irfan Iqbal Sheikh

Karachi, August 02, 2022 (PPI-OT):Mr. Irfan Iqbal Sheikh, President FPCCI, has expressed his astonishment that the potentially potent economic and trade bloc of Developing Eight (D-8) has only achieved 4.5 percent regional or intra D-8 trade so far; despite being formed 25 years back and having a D-8 Preferential Trade agreement (D-8 PTA) in place….

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Apolitical economic policies required to avoid borrowing

Karachi, July 27, 2022 (PPI-OT):Former Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Muhammad Ali Sheikh on Wednesday said the IMF bailout package will bring economic stability to Pakistan by mitigating the current financial crisis. Every government had envisioned short-term plans to suffice their own political agenda and compromised national…

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9 Districts to Benefit if Sukkur Airport Gets International Flights: Irfan Iqbal Sheikh

Karachi, July 06, 2022 (PPI-OT):Mr. Irfan Iqbal Sheikh, President FPCCI, has demanded that the federal government should decisively proceed towards enabling Sukkur airport for international flights; which happens to be a longstanding demand of the business community of the Sindh province. Mr. Irfan Iqbal Sheikh has apprised that Sukkur has geographical contiguity with eight big…

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Diverse JVs worth Millions Discussed with Saudi Investors: Irfan Iqbal Sheikh

Karachi, July 06, 2022 (PPI-OT):Mr. Irfan Iqbal Sheikh, President FPCCI, has expressed his satisfaction over a high-profile, bilaterally well-attended and extensive session of Pakistan-Saudi Arabia Joint Business Council – aimed at enhancing trade volume and exploring avenues for joint ventures. The all-encompassing session was organized on Business-to-Business (B2B) format in the presence of trade officials…

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10% Super Tax will take the Corporate Tax to an Unbearable 39%: Shabbir Mansha

Karachi, July 06, 2022 (PPI-OT):Mr. Shabbir Mansha, Acting President FPCCI, has categorically denounced imposition of 10 percent super tax on large industries; which already pay hefty corporate tax of 29 percent and generate millions of jobs in the country as well. No country in the world can charge 39 percent tax to corporations and still…

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FPCCI Welcomes IMF Deal with Cautious Optimism: Shabbir Mansha

Karachi, July 06, 2022 (PPI-OT):Mr. Shabbir Mansha, Acting President FPCCI, has welcomed the near-certain resumption of International Monetary Fund (IMF)’s Extended Fund Facility (EFF) program for Pakistan with cautious optimism as it may unlock the stabilization of exchange rate and pave the way for major external funding programs for the fiscal year 2022 – 23…

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