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Energy crisis main reason for slow growth economy: ICCI ISLAMABAD: President Islamabad Chamber of Commerce and Industries (ICCI) Shaban Khalid has said that energy crisis was the core reason for the slow growth economy and allocation in budget for energy sector will help in addressing this major problem.Talking to APP, he said that in current federal budget,the government expressed its determination to resolve the issue of energy for increasing the economic activities and industrial growth in the country.He added that allocation of budget for new energy project in different areas of power sector would be a good step to provide energy to industrial and domestic sector.He said that over all budget was constructive and investment friendly which had addressed all major areas of the economy.The ICCI President said the government also showed commitment to broaden the tax net and connected the tax collection with electricity bills to target more people.The announcement of long-term financing schemes for exporters, incentive packages ...

Business community for broadening tax base ISLAMABAD: Business community here on Saturday called upon the government for taking distinctive measures to broaden tax base for enhance revenue collection in the country.Addressing the "All Chambers President's Post Budget Conference" which was organized by Islamabad Chamber of Commerce and Industry (ICCI), they urged the government for reducing the tax rates.About 20 presidents of chamber of Commerce and Industries across Pakistan including Karachi, Lahore, Sialkot, Fasilabad, Khyber Pakhtunkhwa and Quetta participated in the conference.They ...
Analyst hopes to control price hike, create job opportunities ISLAMABAD: Analyst CR Shamsi hoped that the federal government should control price hike and create jobs opportunities for development work in the country.Talking to Radio Pakistan , he said that the government has also increased funds for provinces under 18th amendment.He said that Punjab and Sindh have followed federation in their provincial budgets with 10 % increase in the salaries of government employees.He added for the development, both Sindh and Punjab should first focus on ...
Skilled manpower key to industrial development: FCCI president FAISALABAD: President Faisalabad Chamber of Commerce and Industry, Engineer Sohail bin Rashid said that availability of skilled manpower is not only a key to success for industrial development of Pakistan but also for individual prosperity and poverty alleviation in society. He was addressing a seminar organised by Technical Education and Vocational Training Authority (TEVTA) in collaboration with a German NGO, GIZ. The FCCI chief said that Pakistan had plenty of natural and human resource for ...
KCCI discusses business with Tajik ambassador ISLAMABAD: A delegation of Kashmir Chamber of Commerce and Industry met the visiting Tajikistan ambassador to India in Srinagar, Indian Occupied Kashmir.The delegation headed by KCCI President, Sheikh Ashiq, discussed scope and possibility of trade between Tajikistan and occupied Kashmir, KMS reported.The KCCI President told media men that the ambassador assured them that his government would facilitate the trade cooperation between the chambers of Tajikistan and the occupied territory.He said that the visiting dignitary pledged ...
Energy crisis main reason for slow growth economy: ICCI ISLAMABAD: President Islamabad Chamber of Commerce and Industries (ICCI) Shaban Khalid on Friday said that energy crisis was the core reason for the slow growth economy and allocation in budget for energy sector will help in addressing this major problem.Talking to APP, he said that in current federal budget, the government expressed its determination to resolve the issue of energy for increasing the economic activities and industrial growth in the country.He added that allocation of ...
ICCI urge traders to pay regular tax ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) Thursday urged upon the traders to pay regular tax and play their positive role in economic development of country."The ICCI has always been advocating for enhancing tax net instead of overburdening the existing taxpayers and it is encouraging that government has made some progress to this direction," Senior Vice President of the chamber, Khalid Chaudhry said while addressing a delegation of Traders Welfare Association, PWD here.He ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln