Business & Economy
Friday, 24 May 2013 01:20
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LAHORE: Pharmaceutical distributors have demanded of the Federal Board of Revenue (FBR) to rationalize Withholding Tax on Pharma distributors as their business involves high turnover with very little profit margin. A 12-member delegation of pharmaceutical distributors comprising its President Aslam Zaidi, Senior Vice President Dr Rahat and led by LCCI Executive Committee Member Khawaja Shahzeb Akram called on LCCI President Farooq Iftikhar and shared the challenges being faced by the pharmaceutical distributors. They informed the LCCI President that it was unjust to deduct withholding tax from those who were already in the tax net. Due to withholding tax deductions a large amount of working capital remains out of circulation. Speaking on the occasion, the LCCI President Farooq Iftikhar said that the Lahore Chamber of Commerce and Industry had forwarded its budget proposals to the Federal Board of Revenue wherein it had been proposed that taxes should be rationalized and tax ...
KARACHI: All KCCI members can avail exclusive five percent discount on ticketing from any office of Turkish Airlines' operating in Pakistan by showing their membership cards.The Airlines also offers air cargo services between the two countries and other destinations.General Manager of the Turkish Airlines Husseyin Cepni during a meeting with President of Karachi Chamber of Commerce and Industry (KCCI) Muhammad Haroon Agar here at the Chamber informed that during his recent visit to Airlines Headquarters ...
LAHORE: Caretaker Chief Minister Punjab, Najam Sethi said on Saturday that through promotion of tourism, not only the economy of Punjab but the country could be strengthened. Chairing a meeting here, he said there was great potential of promotion of tourism activities in Punjab, which could be promoted through evolving an effective and solid strategy. Provincial Minister for Tourism, Salima Hashmi, Secretaries of Finance, Law, Tourism, Principal Secretary to Chief Minister, Managing Director ...
LAHORE: Chairman Federal Board of Revenue(FBR) Ansar Javaid on Saturday directed all tax collectors to broaden the tax net and make all out efforts to achieve the revenue targets well in time. Chairing two separate high level meetings of all tax collectors based in Punjab province reviewed thoroughly their targets and the pace of recovery of pending taxes. Chief Collector, Customs, Lutfullah Virk, Chief Commissioner, Large Tax Unit, Mustafa Ashraf, Collector, Preventive Juneid Akram, Collector, ...
ISLAMABAD: The USAID Dairy Project has spurred growth in Pakistan’s rural economy by helping women farmers increase their incomes and improve their livelihoods. Realizing the pivotal role rural women play in Pakistan’s livestock sector, USAID is creating a pool of up to 5,000 locally-trained and readily-available female livestock extension workers to provide veterinary services and advice on the care and feeding of cattle to rural dairy farmers. The project also meets farmers’ basic needs by ...
KARACHI: The Pakistan Textile City (PTC) should be activated expeditiously.This was stressed by Sindh Chief Secretary, Muhammad Ijaz Choudhry.He was presiding over a review meeting regarding the issues of the PTC here.Ijaz Choudhry asked the secretaries of the Planning and Development and Local Government Departments to jointly ensure the expeditions activation of the PTC in accordance with its charter.The main issue, it was pointed out, pertains to the water connection, which requires the funds.The Karachi ...
KARACHI: President KCCI Muhammad Haroon Agar has stressed that Pakistan should focus on signing preferential and free trade agreements with as many countries as possible.For increased exports of the country, he said, it would be imperative to promote the regional trade by encouraging exports to India and other SAARC countries, ASEAN countries, the Central Asian Republics, China, Middle East and North Africa, Iran and Eurasian region.KCCI President was exchanging views with World Bank's Consultant on ...
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