Saturday, February 4
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Tag: Indentor Association of Pakistan

Tax Policy Makers would get in touch with Trade Associations to discuss micro Level Issues of particular Sector: Minister of State Revenue

Business, General Business News
Karachi, April 05, 2019 (PPI-OT): A joint delegation of Pakistan Chemicals and Dyes Merchants Association (PCDMA) and Indenters Association of Pakistan, under leader ship of Saquib Fayyaz Magoon, Former V. President FPCCI Met with Minister of State Hammad Azhar, Shahid Waseem Chairman and Saleem NINI V. Chairman PCDMA were also the part of delegation. Saquib Fayyaz Magoon Pointed out that Chemical Manufacturers and Commercial Importers of items listed in SRO 1125 facing problems and receiving undue Show cause notices due to Anomalies in CREST, So Need Modification In this Software According to Real Soul of SRO 1125. Minister of State Hammad Azhar said Govt. would resolve the issues of CREST and SRO 1125. He said Govt. believe on business friendly and Ease of Doing business Policies. He Gav...

Raw material importers express disappointment over abolishing FTR

Business, General Business News
Karachi, May 24, 2018 (PPI-OT): Saqib Fayyaz Maggo, former vice president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed disappointment over abolishing final tax regime (FTR) and termed the imposition of minimum tax at six percent as injustice to them. In a statement, Saqib Fayyaz Maggo, demanded restoration of FTR and declared six percent withholding tax as minimum as injustice. In an appeal to prime minister and the finance minister, he said the importers were expecting that the government would withdraw the amendments before finalizing the budget 2018/2019. Former FPCCI vice president said importers of raw materials were playing key role in country’s exports as those were important source for providing raw material for manufacturing sector. They ...

Saquib Fayyaz Magoon former Vice president FPCCI said in his speech as a Guest of Honour in Seminar on Halal and Safety of Food at PCSIR

Business, General Business News
Karachi, February 06, 2018 (PPI-OT):There is emerging segment of Halal Trade of 2.77 trillion but Unfortunately, More than 80% of the world Halal trade is done by non-Muslim countries, both in the West and East, who, by utilizing the Halal Brand to their economic benefit, have become the biggest exporters of Halal products. In the West, USA, Brazil, Canada, Australia, New Zealand and France are the biggest Halal suppliers. In the East, Thailand is the biggest exporters of Halal certified products, Singapore and India are also the leading Halal products suppliers to the world. Owner and Consumer of Halal are Muslims but due to weak regulatory system of Halal certification Muslims countries are not getting good share from this trillions of Dollars trade globally. There is very Good chance fo...