The session was chaired by LCCI President Faheem Ur Rehman Saigol, while tax and financial consultant Hamid Ullah Khan provided detailed guidance to participants and addressed their queries on a wide range of business-related issues.

The discussion focused on Withholding Tax (WHT) Rates for 2027, Tax Year 2026 income tax return filing, Punjab Revenue Authority (PRA) registration, the ISO 9001:2015 certification and registration process, Goods Declarations (GD) through the Pakistan Single Window (PSW) along with EIF-related matters, and customs warehousing charges on a per-CBM basis.

Speaking on the occasion, LCCI President Faheem Ur Rehman Saigol said that the Financial Advisory Baithak is an important initiative aimed at helping the business community navigate complex taxation and regulatory procedures. He said that LCCI is committed to providing practical support to its members by arranging regular advisory sessions with experienced professionals so that businesses can remain compliant with evolving laws and regulations.

He said that the rapidly changing tax and regulatory environment requires businesses to remain updated with the latest laws and procedures. He stressed that awareness and timely compliance not only help businesses avoid unnecessary penalties and litigation but also contribute to a more transparent and documented economy. He added that LCCI will continue organizing such knowledge-sharing sessions to equip its members with the information and guidance needed to address emerging business challenges effectively.

Consultant Hamid Ullah Khan highlighted recent developments in tax laws and customs procedures and provided practical solutions to issues faced by businesses. He emphasized the importance of timely tax compliance, proper documentation and awareness of regulatory requirements to avoid unnecessary legal and financial complications.

The participants appreciated the initiative and termed the one-to-one advisory sessions highly beneficial, as they enabled them to discuss their specific business concerns directly with the expert.

Among those who attended the session were Muhammad Taha Sarwar, Tariq Hameed, Shahid Hussain and Hafiz Muhammad Shafiq.

Copyright Business Recorder, 2026

The year was 1978, as a young engineer I had the chance of visiting the Sui Gas fields in the Dera Bugti area of Balochistan. It was a massive deposit of godsend natural gas ready to use. Discovered in the year 1952, estimated at 12 TCF (Trillion Cubic Feet), it was considered as one of the largest discoveries of its time. PPL (Pakistan Petroleum Limited), a joint venture company of Government of Pakistan and a UK entity, was pumping out gas. Two public sector companies were created for the transmission and distribution of gas across Pakistan.

The SSGC (Sui Southern Gas Company) was the first to deliver this clean fuel to Karachi, the commercial hub of the country. The SNGPL (Sui Northern Gas Pipelines Ltd) then connected Faisalabad to the national gas grid followed by Lahore. Today, Pakistan has a massive network of underground pipelines. It was a very impressive set-up. My interest was mainly in corrosion protection of the buried mild steel coated pipeline. We travelled by road from Sui to Rahim Yar Khan checking the PSP (pipe to soil potential). Hope was alive, the country was progressing.

Pakistan remained an energy surplus nation till around 2002 when shortages started to appear. Due to misuse and mismanagement the gift of nature was consumed much ahead of its time. No serious work was carried out on other deposits and alternate fuel options. Coal that had fuelled the entire industrial revolution in the West was totally ignored.

An energy foresight committee was formed by the Planning Commission headed by Engr. M B Ahmed, Managing Director of the SSGC. As Chairman of the Pakistan Science Foundation (PSF), with my background in metallurgy and mining I was tasked to cover the development of coal as a source of energy. Thar being the largest deposit (175 B tons), it was decided to mine the black gold that lay buried at a shallow depth of about 150 meters but covered by water. It was not an easy undertaking as the world was moving away from this fuel that had played a pivotal role in its industrial growth. Considering the importance of energy self-reliance, I did not give up.

Despite several hiccups, finally we were able to mine the black gold. Currently power generation has started. Successful gasification has also taken place. A urea plant has been announced that will convert the gas produced (Syngas) to the much-needed fertiliser.

Despite resources and potential, the crisis persists mainly because of lack of direction and gross mismanagement in Pakistan. The circular debts keep spiralling up. A few years back I had the chance of visiting Shenhua, the energy giant of China. We were taken to their control room. It was like running an empire. The state-owned enterprise has its own ships, railway and mines to ensure energy security.

In the USA after the oil embargo of the seventies, President Jimmy Carter promised his nation that the country would never face a fuel crisis again. DOE (Department of Energy) was created that started research on all possible energy options. Currently Shale Gas is being used as an affordable source of energy. India has recently announced a massive programme based on gasification of their coal deposits.

Meanwhile, industries in Pakistan have become non-competitive due to high fuel costs. The hydel projects have not come online. Potential of Thar Coal is not being fully exploited. New gas discoveries have not been commissioned. Shale gas option has not been taken seriously. Sui gas was a gift of nature in the year 1952 and so is the Thar Coal in our times. In such circumstances I am reminded of the words of the famous poet, Munir Niazi, who talked about the magical spell (Asaib Ka Saya) on the nation that keeps holding us back. Some soul searching is required before it is too late.

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry met with Secretary General of the IMO Arsenio Dominguez in Istanbul, in which detailed discussions were held on the ongoing reforms in the maritime sector of Pakistan, investment, blue economy and environmentally friendly measures.

Chaudhry apprised the Secretary General of the steps taken by the government to modernise ports in Pakistan, promote investment in the maritime sector and develop the blue economy. He said that the government is implementing comprehensive reforms to modernise the maritime sector, achieve sustainable development goals and promote international cooperation.

During the meeting, both sides also agreed to enhance cooperation in the areas of ship recycling, blue economy, maritime governance and environmental protection. Chaudhry also highlighted other environmentally friendly initiatives, including mangrove plantations in Pakistan to protect the coastal environment.

On this occasion, IMO Secretary-General Arsenio Dominguez appreciated the ongoing reforms and recent progress in Pakistan’s maritime sector and praised the government’s efforts to promote ship recycling, blue economy and maritime governance. He also termed mangrove plantation as a positive and commendable initiative for environmental protection.

Dominguez expressed interest in visiting Pakistan and indicated his intention to visit Pakistan soon to further promote cooperation in the maritime sector and review ongoing projects.

At the end of the meeting, both sides expressed their commitment to further strengthen cooperation between Pakistan and the IMO to promote a safe, sustainable and modern maritime system and fully utilise the opportunities associated with the blue economy.

A policy paper, titled “Potential Negative Effects of Allowing Live Animal Exports from Pakistan”, prepared by the Association argues that while live animal exports may generate short-term foreign exchange earnings, they effectively transfer jobs, industrial activity and value addition to importing countries. It says Pakistan’s comparative advantage lies in slaughtering, processing, certifying and exporting Halal meat and livestock by-products rather than exporting animals in their raw form.

According to the paper, livestock is the largest component of Pakistan’s agriculture sector and serves as the foundation for several industries, including meat processing, leather, offal, pharmaceuticals, animal feed, cold-chain logistics and transport.

It cautions that any policy permitting live animal exports should be evaluated not merely as an export opportunity but in the context of herd sustainability, domestic meat availability, processing capacity and food security.

The report warns that unrestricted exports could divert healthy, slaughter-ready animals away from domestic markets and export-oriented processing plants, reducing the availability of quality livestock for local processors. Such a shift, it says, could increase domestic meat prices, weaken breeding potential by reducing the availability of superior genetics and disrupt long-term supply chain stability.

While farmers may benefit from temporarily higher prices, consumers, processors and exporters would eventually face rising costs and constrained supplies.

The paper notes that Pakistan has invested heavily in internationally compliant slaughterhouses, veterinary inspection systems, cold-chain facilities, laboratory testing and Halal certification. A reduction in domestic livestock availability would lower utilization of these facilities, increase operating costs and weaken Pakistan’s competitiveness in international meat markets.

It warns that the country risks shifting from a value-added Halal meat exporter to a supplier of raw livestock if live animal exports are allowed on a large scale.

It further highlights the likely impact on leather, offal and other downstream industries, saying that hides, skins, edible offal, bones, fats and other by-products generate significant economic activity after slaughter. Exporting animals before processing would deprive local industries of these raw materials and reduce business for packaging, logistics, cold storage and related service providers.

The report points out that exports of meat and meat products reached approximately Rs113 billion during July-March FY2025-26, demonstrating the sector’s growing export potential. It argues that processed meat exports generate substantially greater foreign exchange by creating multiple revenue streams from meat, offal, hides and other by-products while supporting employment throughout the value chain.

The policy paper also raises concerns over disease control and traceability, warning that large-scale live animal exports could increase biosecurity and reputational risks. It says any disease-related incident involving exported animals could damage Pakistan’s standing in international markets and lead to restrictions on meat exports.

APMEPA chairman Abdul Hannan, sharing the policy note with the Business Recorder, said they had prepared it as reaction to news that Punjab had permitted export of live animals and recommended through this paper that general live animal exports should not be allowed and instead strengthen the domestic meat processing industry through investment in cold-chain infrastructure, traceability systems, livestock identification, certification, breed improvement and international marketing.

Such a strategy, it concludes, would retain value addition within Pakistan, create employment, support allied industries and generate more sustainable export earnings for the national economy.

Copyright Business Recorder, 2026

The delegation briefed the Finance Minister on the Chamber’s initiatives to promote women entrepreneurship in Khyber Pakhtunkhwa through advocacy, capacity building, startup incubation, skills development, and support for emerging sectors including handicrafts, textiles, food processing, gems and jewellery, agriculture, information technology, and beauty products.

The meeting focused on promoting women entrepreneurship, enhancing financial inclusion, improving access to finance, and creating greater economic opportunities for women-led businesses. The delegation also shared views regarding access to formal finance, banking services, market linkages, logistics, certification, and business development support. Proposals regarding strengthening the policy framework for women-owned enterprises and increasing their participation in the formal economy were also shared.

Appreciating the Chamber’s efforts, the Finance Minister reaffirmed the government’s commitment to creating an enabling environment for women entrepreneurs and acknowledged the vital role of women-led enterprises in Pakistan’s economic development.

He emphasized that increasing women’s participation in the workforce, improving access to education, expanding digital and financial literacy, and equipping women with market-relevant skills are essential for achieving sustainable and inclusive economic growth. He noted that these objectives require a coordinated, long-term national effort involving both the public and private sectors.

The Finance Minister highlighted the government’s ongoing efforts to advance digital financial inclusion, noting that social protection payments are increasingly being routed through digital wallets to strengthen women’s financial empowerment and provide them with greater control over their finances. He stressed that digital literacy and access to modern financial services would continue to play a central role in expanding economic opportunities for women across the country.

Senator Muhammad Aurangzeb also underscored the immense potential of Pakistan’s digital economy and encouraged the Chamber to promote upskilling and reskilling of young women, particularly in information technology, freelancing, software development, and digital services, enabling them to compete effectively in international markets and contribute to the country’s export earnings. He reiterated that the government would continue to facilitate entrepreneurship by fostering an enabling policy environment, while emphasizing that the private sector must remain the principal driver of investment, innovation, and job creation.

The delegation thanked the Finance Minister for the constructive engagement and appreciated the government’s continued support for women entrepreneurs. Both sides agreed to maintain close engagement to advance practical measures aimed at strengthening women’s economic participation, enhancing financial inclusion, and promoting inclusive, private sector-led growth.

Copyright Business Recorder, 2026

During fiscal year 2025, OICCI members collectively invested Rs15 billion in CSR activities, a 10 percent increase over the previous year, directly benefiting over 44 million individuals nationwide.

A significant Rs4.5 billion of this total was channelled towards flood relief and rehabilitation efforts last year, reflecting the private sector’s responsiveness to national crises. Member companies logged over 13 million man-hours in social sector work, supported by partnerships with 270 civil society organisations.

Foreign investors’ CSR investments were broadly aligned with the United Nations Sustainable Development Goals (SDGs), with Good Health and Well-being (SDG 3) receiving the largest share, over 60 percent of non-flood-relief contributions.

Members invested Rs6.5 billion in healthcare initiatives, covering free and subsidised medical services, hospital infrastructure, maternal health, and mental health outreach, reaching over 19 million beneficiaries.

Education (SDG 4) received Rs1 billion, supporting about 0.9 million individuals through scholarships, digital learning, vocational training, and school infrastructure. Poverty alleviation efforts (SDG 1) drew Rs645 million, benefiting over 1.2 million people through income generation, microfinance, and social protection programmes.

Geographically, CSR activities spanned the length and breadth of Pakistan. Sindh and Punjab collectively accounted for nearly half of all interventions, while underserved regions including Khyber Pakhtunkhwa (17 percent), Balochistan (13 percent), Gilgit-Baltistan (12 percent), and Azad Jammu and Kashmir (10 percent) received substantial outreach.

Commenting on CSR Report 2025, OICCI Secretary General M. Abdul Aleem said that this report is a testament to the resolve of leading foreign investors in Pakistan to go beyond business and invest in the communities they operate in. Working alongside 270 social sector partners, our members have reached every corner of the country, addressing gaps in health, education, and livelihoods, and in doing so, they are helping build the inclusive, sustainable Pakistan that all of us want to see.”

Dr. Samuel Rizk, UNDP Resident Representative Pakistan, who was the chief guest at the report launch, commented: “What OICCI members are demonstrating is precisely the kind of private sector leadership that Pakistan needs. Aligning corporate investment with the Sustainable Development Goals, particularly in health, education, and poverty reduction, is a direct contribution to the country’s development trajectory. We welcome and encourage this alignment between the business community and the country’s broader development agenda.”

The CSR Report 2025 also highlights OICCI’s continued focus on climate action and sustainability, with members advancing clean energy, water stewardship, and responsible consumption initiatives in line with Pakistan’s long-term ESG agenda.

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Sheikh underlined that the event brought together MSMEs, entrepreneurs, representatives of chambers and trade associations, women entrepreneurs, young entrepreneurs, financial institutions, academia and other stakeholders to celebrate the contribution of Micro, Small and Medium Enterprises (MSMEs) towards economic growth, employment generation and innovation.

Saquib Fayyaz Magoon, SVP FPCCI, stated that Micro, Small and Medium Enterprises (MSMEs) are the backbone of Pakistan’s economy and play a critical role in employment generation, innovation and economic growth.

He maintained that strengthening MSMEs required close collaboration between the public and private sectors. He appreciated SMEDA’s efforts in supporting entrepreneurs and creating platforms for dialogue with the business community.

Zeeshan Ahmed, Regional Chief (South) SMEDA, highlighted the significance of World MSME Day and briefed participants on SMEDA’s mandate, services and ongoing initiatives for MSME development.

He informed participants that SMEDA, under the Ministry of Industries and Production, continues to facilitate MSMEs through business development services, entrepreneurship support, and policy advocacy, access to finance facilitation, cluster development initiatives, export development support and capacity-building programs.

Mashood Ali Khan, Member, Board of Directors, SMEDA, graced the occasion as Guest of honour and highlighted the importance of entrepreneurship and enterprise development in strengthening Pakistan’s economy.

He appreciated the role being played by MSMEs in creating employment opportunities, fostering innovation and promoting inclusive economic growth.

The participants appreciated SMEDA’s efforts in supporting entrepreneurs and strengthening the MSME ecosystem. During the interactive session, stakeholders discussed key issues affecting MSMEs, including Energy costs, access to finance, export development and regulatory challenges.

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Hussain urged the Government of Pakistan to move forward in a coordinated manner on the economic agenda agreed during the recent and previous visits of the Iranian president.

He said that the USD 10 billion bilateral trade target can become a reality, provided that announcements are linked with practical steps, clear timelines, private-sector participation and facilitation of border trade.

He said that the economic benefits of this process can directly reach the people, traders, industrialists, residents of border areas and the national exchequer.

He termed the recent visit of Iranian President Dr Masoud Pezeshkian to Pakistan an important development in the continuity of Pakistan-Iran relations, confidence-building and the implementation of the already agreed economic cooperation agenda.

He said that under the leadership of Prime Minister Muhammad Shehbaz Sharif, Pakistan has played an active and responsible role for peace, economic connectivity and diplomatic balance in the region, while the effective role of Field Marshal Syed Asim Munir in regional security, border stability and peace initiatives has further highlighted Pakistan’s strategic importance.

Hussain said that the historical, cultural, religious and geographical proximity between Pakistan and Iran must now be transformed into a practical economic partnership so that bilateral trade, gas pipeline, energy cooperation, border connectivity and private-sector collaboration can be expanded on solid foundations.

He further added that during the 2025 visit of Iranian President Dr Masoud Pezeshkian to Pakistan, both countries exchanged 12 agreements and memorandums of understanding in various sectors, while the target was also set to increase bilateral trade from around USD3 billion to USD10 billion.

He said that following the recent Iran-US conflict, the current visit has given fresh diplomatic importance to this economic roadmap and has sent a clear message that both countries want to move beyond announcements and give practical shape to cooperation in trade, investment, border facilitation, energy, agriculture, information technology, communications and people-to-people contacts.

Hussain said that early finalisation of the Free Trade Agreement would be an important milestone for the business communities of both countries.

He said that unless the ground-level problems of trade are resolved, achieving the USD10 billion bilateral trade target will remain difficult and strengthening border markets and border trade facilities at Gabd-Rimdan, Mand-Pishin and other crossing points can increase legal trade, reduce smuggling, create lawful employment opportunities for the local population and promote economic activity in border areas.

Hussain also welcomed the decision of the Federal Board of Revenue to declare Taftan Railway Station as a land customs station, saying that this step would facilitate import and export clearance through rail, reduce transportation costs, accelerate customs procedures and promote Pakistan-Iran border trade in a more organised manner.

Hussain further said that barter trade, or trade through exchange of goods, is a practical option for both countries, especially in circumstances where international payments, currency exchange and banking channel issues continue to affect the pace of trade.

He said that Pakistan is facing serious challenges including energy shortages, high production costs, expensive electricity and pressure on industry, while Iran can become an important partner for Pakistan in energy, petroleum products, border electricity, transit trade and regional connectivity. If this cooperation is advanced in a transparent, legal and sustainable manner, Pakistan’s industry, agriculture and export sectors can benefit significantly.

He said that Pakistan and Iran are natural trade bridges between South Asia, Central Asia and the Middle East. Therefore, Gwadar and Chabahar should be viewed in the context of regional connectivity, transit trade and economic cooperation rather than competition.

He said that the progress made and protocols agreed during the 22nd Pakistan-Iran Joint Economic Commission should also be pursued rapidly.

Copyright Business Recorder, 2026

Addressing a meeting at the Lahore Chamber of Commerce and Industry (LCCI) he said Karakalpakstan offers vast investment opportunities in natural resources, energy, industry, agriculture and transit, while investors are being offered tax incentives, affordable energy and world-class infrastructure.

The meeting was attended by Ambassador of Uzbekistan to Pakistan Alisher Tukhtaev, LCCI Senior Vice President Tanveer Ahmad Sheikh, Vice President Khurram Lodhi, former LCCI President Mian Anjum Nisar, Deputy Chairman of the Council of Ministers of Karakalpakstan Jollibekov Vladimir Bakhtiyarovich, Honorary Consul of Uzbekistan Najeeb Mushtaq Vohra, Punjab Board of Investment and Trade CEO Tauseef Dilahad Khatana, Executive Committee members Waqas Aslam, Firdos Nisar, Karamat Ali Awan, Sheikh Fayyaz, Mohsin Bashir, Shouban Akhtar, Rana Nisar and Ehtesham-ul-Haq, along with a large number of business leaders.

Chairman Farkhod Ermanov said Karakalpakstan has exceptional potential in mining, construction materials, chemicals, hydrocarbons, renewable energy—especially wind power—and logistics. He invited Pakistani investors to explore these opportunities, saying the region offers attractive incentives and a business-friendly environment. He also appreciated Pakistan’s diplomatic efforts for regional peace, saying that lasting peace would create new opportunities for trade, investment and regional prosperity.

Uzbekistan’s Ambassador to Pakistan, Alisher Tukhtaev, said the LCCI has been playing an important role in promoting trade relations between the two countries. Pakistan and Uzbekistan share centuries-old historical, cultural and civilization ties, and removing existing trade barriers would significantly increase economic cooperation. He said six direct flights have been launched between Pakistan and Uzbekistan over the past 18 months, adding that Uzbekistan’s economy is growing at an annual rate of 7-8 percent and attracted USD43.5 billion in foreign direct investment last year. He said both countries are committed to increasing bilateral trade to USD2 billion within the next five years. He also observed that the 30 Memorandums of Understanding signed during the recent visit of the President of Uzbekistan to Pakistan reflect this shared commitment.

LCCI President Faheem Ur Rehman Saigol said Pakistan and Uzbekistan have immense potential for trade, investment and industrial cooperation. He said the Lahore Chamber would continue to play its role in strengthening business-to-business relations between the two countries.

The LCCI president said bilateral trade between Pakistan and Uzbekistan reached around USD143 million during FY2024-25, including Pakistan’s exports of USD64 million and imports of USD79 million. He said there is significant room to increase these figures.

On the occasion, the LCCI and the Ministry of Investment, Industry and Trade of the Republic of Karakalpakstan signed a Memorandum of Understanding (MoU) to promote bilateral trade, investment, exchange of commercial information and business cooperation.

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The programme was hosted by a distinguished delegation led by Mi Lanjia, Chairman of the Pengzhou Municipal Committee of the CPPCC, Chen Lunping, Vice Chairman of the Pengzhou Municipal Committee of the CPPCC, and Chen Yu, Director of the Economic Committee of the Pengzhou Municipal Committee of the CPPCC.

During the proceedings, Mi Lanjia, Chairman of the Pengzhou Municipal Committee of the CPPCC, welcomed the delegation and emphasized the importance of international cooperation, noting that Pengzhou is eager to build sustainable bridges with South Asian markets to drive mutual industrial progress.

Reflecting on the visit, Chandi Raj Dhakal, President of SAARC CCI, stated that the tour of Pengzhou’s advanced industrial base provides a transformative roadmap for strengthening regional value chains and highlights the immense potential for collaborative growth between South Asian enterprises and China’s dynamic manufacturing sector.

Adding to this, Zulfiqar Butt, Secretary General of SAARC CCI, emphasized the agricultural sector’s significance, stating that the South Asian fruit and vegetable market holds immense potential; he noted that to fully capitalize on this, there is an urgent need to enhance production capacity and boost exports to serve the Chinese market, an area where support and collaboration from China would be invaluable.

Facilitated by Wang Zhichao, Chairman of the Chengdu Supply Chain Association, the leadership team conducted comprehensive site visits to key local industries to explore potential manufacturing and trade synergies. These visits included stops at Biaoguo Co., a leader in the fruits and vegetable sector; KXD, a specialized smartphone manufacturer; and YI Textile Manufacturing Company, a key player in textile production. These engagements reflect the SAARC CCI’s ongoing commitment to advancing industrial partnership, value addition, and regional value chains between South Asia and global partners.

Copyright Business Recorder, 2026

The decision was taken during a meeting of the EDF Committee, where REAP Chairman Faisal Malik Jhangir represented the Association and strongly presented the demands of Pakistan’s rice export industry.

Under the approved package, the DTLTL incentive for Basmati rice has been increased from 3 percent to 5 percent, while the 9 percent incentive for Non-Basmati rice has been retained, providing significant relief to rice exporters.

Rafiq Suleman said the government’s timely decision would substantially reduce the financial burden on exporters and help Pakistan’s rice exports exceed USD3 billion during the current fiscal year.

He added that the conflict in the Middle East had severely disrupted export activities over the past one and a half months due to a shortage of shipping vessels, interruptions in shipping routes, and an unprecedented increase in ocean freight charges. As a result, many exporters were unable to fulfill international orders on time, causing financial losses as well as damage to their business reputation.

Meanwhile, REAP Senior Vice Chairman Javed Jillani said the 90-day extension of the DTLTL scheme would facilitate the timely execution of pending export orders, help secure new international contracts, and further strengthen the competitiveness of Pakistani rice in global markets, particularly at a time when Indian rice is available at comparatively lower prices.

He said continued government support would not only increase Pakistan’s foreign exchange earnings but also benefit the entire rice value chain, including farmers, rice millers, exporters, and allied industries, while encouraging greater rice cultivation and stimulating economic activity in rural areas during the coming season.

Jillani expressed gratitude to the Prime Minister of Pakistan, the Ministry of Commerce, and all members of the Export Development Fund Committee for addressing the concerns of the rice industry on a priority basis. He also appreciated the contributions of REAP Chairman Faisal Malik Jhangir, Patron-in-Chief Rahim Jano, former Chairman Rafiq Suleman, Mohibullah, Samiullah, Haseeb, and other team members for their dedicated efforts.

He further thanked members of the print and electronic media for effectively highlighting the issues facing Pakistan’s rice export industry.

He urged the government to continue supporting exporters by reducing shipping costs, ensuring timely payment of refunds, facilitating easier access to bank financing, and maintaining consistent export-oriented policies so that Pakistan can further expand its share in the global rice trade.

Copyright Business Recorder, 2026

Kaukab Iqbal said that many brands and retail outlets are charging consumers separately for shopping bags despite the fact that these bags carry the companies’ own logos and are being used as a tool for brand promotion and free advertisement.

He said that businesses are already benefiting from marketing through these branded bags; therefore, forcing consumers to pay extra charges for them is an unfair burden and against the principles of consumer protection.

He demanded that the Competition Commission of Pakistan (CCP) should take immediate notice of this matter and conduct an inquiry to determine whether companies are jointly adopting similar practices or acting as a cartel against the interests of consumers.

He emphasised that any unfair trade practice, price coordination or collective exploitation of consumers should be dealt with strictly under the law.

Kaukab Iqbal further stated that consumers are also being misled through attractive discount campaigns and advertisements, particularly claims of “up to 90 percent off” sales, where many times the actual benefit does not match the advertised offers.

He said that businesses have the right to promote their products, but misleading consumers through unclear, exaggerated or unrealistic discount claims is unacceptable.

He urged the relevant regulatory authorities to ensure that all advertisements and promotional campaigns provide complete transparency and accurate information to protect consumers from deception.

The Chairman CAP also appealed to Prime Minister of Pakistan Mian Muhammad Shehbaz Sharif that if changes are being made in the Federal Cabinet, a dedicated Minister for Consumers Affairs should be appointed at the federal level.

He said that consumer protection is a major priority in many countries where dedicated ministries and institutions are working for the rights of consumers, and Pakistan also needs a strong government mechanism to address consumer complaints, unfair pricing, misleading advertisements and other consumer-related issues.

Iqbal appreciated the recent reduction in petroleum prices by the Federal Government but expressed disappointment that many profiteers and businesses have not transferred this relief to consumers. He said that whenever petroleum prices increase, prices of essential goods and services are immediately increased, but when fuel prices are reduced, the benefit often fails to reach the public.

He demanded that the Federal Government and all Provincial Governments should take immediate action against profiteers and ensure that the reduction in input costs is reflected in the prices of goods and services.

He further stated that consumer protection requires strong monitoring, accountability and effective implementation of laws.

The government, regulatory bodies and business community must work together to ensure fair trade practices and provide real relief to ordinary citizens. CAP will continue to raise the voice of consumers and highlight issues affecting public interest.

“Consumers are the backbone of the economy. Their rights must be protected through transparency, accountability and strict action against unfair practices,” Kaukab Iqbal concluded.

Copyright Business Recorder, 2026

In a statement he said the dedicated digital platform would facilitate trade, technology transfer, investment, research collaboration, regulatory coordination, and business networking between pharmaceutical stakeholders of both countries.

He stated that Pakistan and China have already built a strong strategic partnership across various sectors, and the pharmaceutical industry now presents immense opportunities for expanding bilateral economic cooperation. The proposed portal would serve as a one-stop platform connecting pharmaceutical manufacturers, exporters, importers, investors, researchers, healthcare professionals, and regulatory authorities, enabling them to collaborate more effectively and explore new business opportunities.

Adeel Munawar said that China has made remarkable progress in pharmaceutical innovation and manufacturing through sustained investment in research and development, advanced technologies, scientific excellence, and internationally recognized quality standards. Pakistan, he added, can greatly benefit from China’s expertise by strengthening institutional collaboration and facilitating greater interaction between the pharmaceutical industries of both countries.

According to him, the establishment of a Pakistan-China Pharma Portal will create a centralized digital ecosystem for the pharmaceutical sector, providing access to market intelligence, investment opportunities, regulatory updates, product directories, business matchmaking services, and technology partnerships. Adeel observed that Pakistan’s pharmaceutical industry has witnessed significant growth over recent years and possesses considerable untapped export potential. Although local manufacturers have expanded production capacity, there is still substantial room for improving technological capabilities, research collaboration, and integration into global pharmaceutical supply chains. Closer cooperation with China would enable Pakistani companies to adopt advanced manufacturing practices, modern pharmaceutical equipment, bio-similar technologies, and innovative drug delivery systems.

Reaffirming PCJCCI’s commitment to promoting sector-specific collaboration, Adeel called upon policymakers, pharmaceutical companies, research institutions, investors, and healthcare organizations from both countries to support the establishment of the Pakistan-China Pharma Portal. He described the initiative as a transformative step that would strengthen bilateral trade, accelerate technological cooperation, and create a robust pharmaceutical ecosystem capable of addressing future healthcare challenges while reinforcing the longstanding friendship between Pakistan and China.

Copyright Business Recorder, 2026

In a letter sent to the Chief Minister of Sindh, Murad Ali Shah, Zubair Motiwala and Rehan Hanif pointed out that over the past several months, roads in numerous commercial, industrial and residential areas had been excavated for pipeline-related works. However, it had been widely observed that after completion of the excavation and pipeline installation process, many of these roads had either not been reconstructed at all or had remained in a damaged condition for extended periods.

As a result, commuters, transporters, residents and businesses continued to face severe difficulties on a daily basis.

They said that the deteriorated condition of roads had significantly aggravated traffic congestion across the city, increased travel time and transportation costs, caused damage to vehicles and created serious safety risks for motorists, motorcyclists, pedestrians and school-going children.

The situation was particularly alarming in commercial and industrial zones where the movement of goods, employees, customers and suppliers were being adversely affected. Given Karachi’s status as the economic engine of Pakistan, any disruption to mobility directly impacted business productivity and economic activity, ultimately affecting the overall economy.

They said that the business community had been unable to understand how such large-scale excavation activities could be permitted without a comprehensive and enforceable arrangement for the prompt reconstruction and restoration of the affected roads.

It was difficult to comprehend that roads funded through public resources could be dug up extensively and left unattended for months after completion of the utility works.

The prevailing situation, they said, raised legitimate concerns regarding the regulatory framework, contractual obligations and institutional responsibilities governing such projects.

The chairman of the BMG and the president of the KCCI called upon the Government of Sindh to clarify under what terms and conditions the SSGC had been granted permission to undertake road-cutting activities throughout the city and whether such permissions included mandatory provisions requiring the company to restore roads to their original condition immediately upon completion of pipeline works.

They further questioned that if road restoration was not the direct responsibility of the SSGC, then it was equally important to determine which department had been assigned this responsibility and what mechanism existed to ensure timely execution of restoration works.

They further stated that reports suggested that substantial amounts were collected from utility companies in the form of road-cutting and restoration charges before excavation work was permitted.

If such charges were indeed being collected, the business community was concerned as to why the restoration process was not being completed expeditiously and where the bottlenecks existed that continued to leave roads in a damaged state for prolonged periods.

They maintained that the public had a right to know how these funds were being utilized and which institution was accountable for ensuring that affected roads were reconstructed without unnecessary delay.

Highlighting the lack of coordination among the concerned agencies, Zubair Motiwala and Rehan Hanif observed that the current situation reflected ineffective coordination among SSGC, local government authorities, municipal agencies and other relevant institutions. Citizens, they said, should not be made to suffer because of administrative gaps or overlapping jurisdictions between various departments. While infrastructure development is undoubtedly necessary, it must be undertaken in a manner that safeguards public convenience, road safety and economic activity.

They stressed that a coordinated mechanism was urgently required to ensure that excavation, utility installation and road restoration were treated as integral components of a single project rather than separate and disconnected responsibilities.

Copyright Business Recorder, 2026

The association’s leaders stated that a timely decision by the government would not only provide much-needed relief to exporters but also enable Pakistan’s rice exports to exceed USD3 billion.

Speaking to the media, Javed Jillani said that the recent conflict in the Middle East and the resulting regional uncertainty had severely affected Pakistan’s rice exports.

He explained that the unavailability of vessels for nearly one and a half months, limited shipping line operations, and an extraordinary increase in freight charges prevented exporters from completing shipments on schedule. As a result, export orders were disrupted, and several international buyers turned to alternative suppliers.

He noted that the government had introduced the DLTL Scheme under the Export Development Fund to support exporters and enhance the competitiveness of Pakistani rice in international markets. However, the scheme is scheduled to expire on June 30. He urged the government to extend its validity until September 30, considering the prevailing extraordinary circumstances, so that exporters could fulfill delayed orders and maintain Pakistan’s share in global markets.

Javed Jillani further said that Pakistani rice enjoys an excellent reputation in many countries due to its superior quality.

However, rising logistics costs, shipping challenges, and intense international competition have made government support indispensable.

He expressed confidence that if the government approved the proposed extension, Pakistan’s rice exports could exceed USD3 billion by the end of the current fiscal year, significantly boosting the country’s foreign exchange reserves.

On the occasion, former REAP Chairman Rafiq Suleman warned that failure to extend the DLTL Scheme would have serious consequences not only for exporters but also for rice mills, farmers, and the entire agricultural value chain.

He said that declining exports could put downward pressure on domestic rice prices, depriving farmers of fair returns on their produce and potentially discouraging rice cultivation in the upcoming season.

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Chief Organiser of PBF, Ahmad Jawad, said Pakistan’s constructive diplomatic engagement in promoting dialogue and regional stability has created an opportunity to reset economic relations with our western neighbour. He said “political goodwill must now be converted into practical economic cooperation through trade, investment and energy connectivity”.

Jawad said that despite sharing a 900-kilometre border, historical ties and complementary economies, official bilateral trade between Pakistan and Iran remains close to USD 2 billion annually, far below its true potential. “There is no reason why Pakistan and Iran cannot increase bilateral trade to USD 5 billion within the next few years and ultimately achieve USD 10 billion annually through policy reforms, improved border infrastructure, banking arrangements and stronger private-sector collaboration,” he said.

He noted that Pakistan has significant export opportunities in rice, textiles, fresh fruits surgical instruments, pharmaceuticals, sports goods, leather products, Halal food, cement, engineering goods and information technology services. Iran, on the other hand, can become an important supplier of natural gas, petrochemicals, fertilisers, chemicals, construction materials, and dry fruits, creating a mutually beneficial trade partnership.

“Jawad said the Pakistan Business Forum believes that one of the most important confidence-building measures would be to revive discussions on the Iran-Pakistan Gas Pipeline”. He stated that the pipeline, designed to deliver up to 750 million cubic feet of natural gas per day, has the potential to help address Pakistan’s long-standing energy shortages, strengthen industrial production, improve electricity generation, support the fertilizer sector and reduce the cost of doing business.

“The future of Pakistan’s economy depends on affordable and reliable energy. Energy security is directly linked with industrial growth, exports, employment and investment. If implemented within an appropriate legal and diplomatic framework, the Iran-Pakistan Gas Pipeline can become a strategic economic asset for Pakistan,” he said.

He further stressed that both countries may establish a Joint Economic Council with strong private-sector representation, modernise border crossings, operationalise additional border markets, improve customs procedures, facilitate business visas, encourage joint ventures and strengthen transport and logistics connectivity.

In a message issued on the MSMEs Day, the Governor described small and medium-sized businesses as the backbone of Pakistan’s economy, noting that they make a significant contribution to employment generation, entrepreneurship and industrial development.

Hashmi said empowering MSMEs is essential for achieving sustainable economic growth and building a resilient economy capable of competing in an increasingly dynamic global marketplace.

He stressed that providing equal opportunities to youth, women and aspiring entrepreneurs would help create a more inclusive and self-reliant Pakistan.

He said innovation, adoption of modern technology and sustainable industrial practices are critical to enhancing the competitiveness of Pakistani businesses in international markets.

He added that strengthening the MSME sector would not only boost productivity but encourage investment, expand exports and create new employment opportunities. He emphasized the need to improve access to affordable financing, modern skills training and entrepreneurship development programmes, while ensuring a business-friendly regulatory environment that enables small and medium-sized enterprises to grow and thrive.

Hashmi said the observance of MSMEs Day serves as a reminder of the importance of supporting entrepreneurs and small businesses, which are the driving force behind economic resilience and inclusive development.

He reaffirmed the government’s commitment to promoting and strengthening the MSME sector, expressing confidence that sustained support for small businesses would pave the way for long-term economic stability, innovation and shared prosperity across Pakistan.

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Rehan Hanif stated that KCCI continues to receive overwhelming number of complaints from its member firms who have been directly affected by the abrupt closure of the Cotton Exchange Building.

A total of 209 commercial offices, many of which have been operating continuously since the creation of Pakistan in 1947, have been rendered dysfunctional overnight.

These offices comprise importers, exporters, cotton brokers, traders, commission agents, textile-related businesses and numerous enterprises associated with Pakistan’s cotton value chain.

The sudden sealing has not only brought their commercial activities to a standstill but has also caused enormous financial losses, contractual complications, reputational damage and uncertainty regarding the future of their businesses.

President KCCI observed that the Cotton Exchange Building wherein the Karachi Cotton Association (KCA), operated has historically remained the backbone of Pakistan’s organized cotton marketing system and has played an indispensable role in bringing together growers, ginners, textile manufacturers, exporters, brokers and other stakeholders under a transparent and internationally recognized trading framework.

He pointed out that Pakistan now finds itself in an unprecedented and highly embarrassing position of becoming perhaps the only cotton-producing country in the world without a functioning cotton exchange. Such a situation, he remarked, sends an extremely disturbing message to international buyers, foreign investors and global trading partners regarding the institutional stability of Pakistan’s agricultural and export sectors.

Rehan Hanif recalled that the Karachi Cotton Exchange had served as the country’s principal platform for organized cotton trading and transparent price discovery since 1934, even before Pakistan’s independence.

Following the creation of Pakistan in 1947, it continued to play a pivotal role in the cotton economy until its operations came to a complete halt nearly a year ago.

Although hedge trading was discontinued in 1976, the Exchange continued to perform the critical responsibility of announcing daily cotton spot rates that served as the benchmark for the entire cotton economy. These rates were relied upon by cotton growers, ginners, textile mills, exporters, financial institutions and policymakers throughout Pakistan. Approximately 320 registered cotton brokers remained actively associated with the Exchange until its abrupt closure.

“The suspension of these vital market functions has disrupted price transparency, weakened market confidence and created unnecessary uncertainty within Pakistan’s cotton trading system at a time when the country desperately needs stronger institutions to revive agricultural exports and industrial growth”, he added.

Rehan Hanif noted that historical records clearly indicate that the land upon which the Cotton Exchange Building stands was originally leased in 1883, while the Karachi Cotton Association formally acquired the property through a registered conveyance deed in 1936, with the lease subsequently renewed until 2081. These longstanding legal arrangements, he said, further reinforce the need for resolving the matter strictly through lawful procedures, judicial fairness and institutional transparency.

Rehan Hanif also expressed concern over the reported non-compliance with the Sindh High Court’s order dated 18 June 2026, which had allowed the Karachi Cotton Association to continue its business activities from the Cotton Exchange Building until final adjudication of the matter.

He urged the concerned authorities to ensure immediate implementation of the Court’s directions and uphold the rule of law.

President KCCI also highlighted that the internationally acclaimed KCA HVI Laboratory, recognized for its excellence in cotton fiber testing and quality assessment, has also been adversely affected by the closure.

The laboratory has earned international recognition for maintaining world-class testing standards and has significantly contributed towards enhancing the quality, credibility and competitiveness of Pakistani cotton in international markets.

Any prolonged disruption of its operations could have far-reaching implications for Pakistan’s textile exports and quality assurance systems.

Calling for immediate corrective measures,

Rehan Hanif urged the federal government and all concerned authorities to intervene without delay to ensure the earliest possible restoration of possession of the Cotton Exchange Building to the KCA and its lawful occupants.

He stressed that the matter should be resolved strictly in accordance with the Constitution and applicable laws, while ensuring complete protection of the legitimate rights and business interests of all affected stakeholders.

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The FPCCI president said that the most significant outcome of the meeting was the formal acknowledgment that Pakistan, through the FPCCI, would assume the chairmanship of the SCO Business Council for the term 2027.

The forthcoming chairmanship reflects the confidence of the SCO member states in Pakistan’s constructive role within the organization and presents an important opportunity for the country’s business community to contribute to shaping the Council’s future agenda.

It is pertinent to note that the president of the FPCCI also holds the post of the Deputy Chairman of the SCO Business Council, reaffirming Pakistan’s commitment to advancing regional economic cooperation, trade facilitation, investment promotion, and business-to-business connectivity among the SCO member states.

AtifIkram Sheikh led a high-profile delegation including leading businessmen and industrialists aimed to explore new markets, enhancing economic and trade relations.

He said that the high-level Board meeting brought together representatives of national business communities, chambers of commerce, and private sector leaders from the SCO member countries to discuss strategies for enhancing economic integration, strengthening commercial partnerships, and promoting sustainable development across the SCO region.

During the meeting, the FPCCI president highlighted Pakistan’s strategic geographic position, growing investment opportunities, and the country’s commitment to fostering stronger economic ties with fellow SCO member states. He emphasized the vital role of the private sector in unlocking the region’s vast economic potential and advancing shared prosperity.

AtifIkram Sheikh underscored the importance of enhancing regional connectivity, facilitating cross-border trade, promoting joint ventures, and encouraging greater collaboration in key sectors including industry, agriculture, energy, information technology, logistics, and infrastructure development.

Tariq Khan Jadoon, FPCCI vice president, stated that it was a great honor for Pakistan and the FPCCI to be entrusted with the chairmanship of the SCO Business Council in 2027.

“We are committed to working closely with all member states to strengthen economic cooperation, facilitate trade and investment, and create new opportunities for businesses across the SCO region,” he said.

Pakistan looks forward to leading initiatives that promote inclusive growth, innovation, and regional prosperity.

The FPCCI delegation attended the SCO Business & Investment Forum followed by B2B meetings and also held bilateral interactions with counterparts from various SCO member countries to explore avenues for enhanced trade, investment, technology transfer, and industrial cooperation.

While travelling to the Kyrgyz Republic, FPCCIpresident and members of the delegation acknowledged the support and cooperation of Altamash Wazir Khan, ambassador of Pakistan to the Kyrgyz Republic.

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The event brought together MSMEs, entrepreneurs, representatives of chambers and trade associations, women entrepreneurs, young entrepreneurs, financial institutions, academia and other stakeholders to celebrate the contribution of Micro, Small and Medium Enterprises (MSMEs) towards economic growth, employment generation and innovation.

Ms. Saleha Saeed, GM, Central Support, SMEDA in her opening remarks, highlighted the significance of World MSME Day and briefed participants on SMEDA’s mandate and services. Faheem Ur Rehman Saigol, President, LCCI as chief guest highlighted the importance of entrepreneurship and enterprise development in strengthening Pakistan’s economy. He appreciated the role being played by MSMEs in creating employment opportunities, fostering innovation and promoting inclusive economic growth.

Muhammad Javed Afzal, Regional Chief, Central, SMEDA, briefed the participants on SMEDA’s Three Year Business Plan 2025-2028 and SMEDA’s ongoing initiatives for MSME development across Pakistan. He informed the participants that SMEDA continues to facilitate MSMEs through business development services, entrepreneurship support, policy advocacy, access to finance facilitation, cluster development initiatives, export development support and capacity-building programmes.

Usman Khan, Member SMEDA Board, stated that Micro, Small and Medium Enterprises are the backbone of Pakistan’s economy and play a critical role in employment generation, innovation and economic growth. Strengthening MSMEs, he stressed, required close collaboration between the public and private sectors.

Ms. Aasia Sail, Member SMEDA Board also shared her thoughts with reference to the MSME Day celebration and the important role especially the micro enterprises are playing in the economy of Pakistan.

Sheikh Sajjad Afzal, Convener SME Committee, LCCI also spoke on the occasion and stressed the need of creating enabling environment and ease of doing business to give more opportunities to the MSMEs to flourish and contribute to the economy and exports.

Ms. Falahat Imran, President Women Chamber of Commerce & Industry, Lahore in her remarks appreciated the ongoing efforts of SMEDA and the Government of Pakistan for supporting the MSMEs in general and women entrepreneurs in particular.

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PIBF President Dr Mushtaq Mangat has appointed Syed Umairuddin as the Head of the Chamber Liaison Committee. He will be responsible for coordinating with chambers nationwide and overseeing the Forum’s election-related activities.

Dr Mushtaq Mangat stated that PIBF would contest the chamber elections across the country with full commitment and would strive to bring forward a leadership capable of effectively representing the business community and addressing the challenges faced by trade and industry.

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The PCGA stressed that KCA has served for decades as a central institution connecting growers, ginners, traders, exporters, and textile mills through market facilitation, price discovery, and quality standardization. The association expressed particular alarm over the closure of the KCA HVI Laboratory, an internationally acclaimed facility that earned the distinction of being ranked World No. 1 up to December 2025 in the CSITC Round Trials conducted under the auspices of the ICAC, Bremen Fibre Institute, and USDA.

The PCGA urged authorities to act swiftly, emphasizing that protecting such institutions is essential for the long-term competitiveness and sustainability of Pakistan’s cotton economy.

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Those who addressed the ceremony included Provincial Chief SMEDA (North), Rashid Aman, Vice Chairman (KP-BoIT), Hassan Mahmood, Director/Incharge of AassanKarobar (KP-BoIT) Dr. Iqbal Sarwar, entrepreneurs AyubZakori and Tariq Khattak.

A large number of stakeholders including the representatives of various trading associations, chambers of commerce, officials of the federal and provincial public sector organizations attended the ceremony.

Addressing the participants of the function, Provincial Chief SMEDA (North) Rashid Aman highlighted the role of MSME in the national economy and facilitation available at SMEDA for the promotion of micro level business in the province.

He said that the doors of SMEDA Khyber Pakhtunkhwa office are open to all SMEs seeking guidance or any kind of facilitation.

He especially mentioned the holding of ‘Made in Pakistan’ Exhibition organized under the auspices of the authority in Lahore, saying this year they are organizing an exhibition of the KP produced products as well.

In his speech, Vice Chairman KP-BoIT, Hassan Mahmood said that the board is working in close coordination with SMEDA and provincial departments to promote trade and industry and attract investment to the province.

He highlighted the services and efforts of his organization in promotion of investment in various potential sectors of the province. He particularly spoke of the enactment of AassanKarobar Act and preparation of AassanKarobar portal.

Entrepreneurs Tariq Khattak and AyubZakori shared their experiences and success stories with the participants and urged on the federal and provincial governments to take step for doing of business easy in the province.

They called for the facilitation of the youth to join entrepreneurship and enabled them to play role in the strengthening of national economy and nation building.

Addressing the function, Special Assistant to KP CM on Industries and Commerce, Hamayun Khan said that the provincial government was making all out efforts for the promotion of business activities in the province.

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For more than nine decades, KCA has served as a cornerstone of Pakistan’s cotton economy and has played a vital role in supporting the country’s cotton and textile sectors through trade facilitation, market transparency, price discovery, standardization, and stakeholder coordination.

The Cotton Exchange Building has historically served as the nucleus of Pakistan’s cotton trade and has housed numerous merchants, brokers, exporters, service providers, financial institutions, and businesses associated with the cotton and textile value chain.

APTMA believes that the prolonged disruption of activities at the Cotton Exchange Building has adversely affected a large number of stakeholders and has unnecessarily impacted the functioning of an institution that has served Pakistan’s cotton economy for generations.

APTMA urged the concerned authorities to immediately hand over possession of the Cotton Exchange Building to KCA and its tenants in accordance with the findings and relief granted by High Court of Sindh, so that KCA may once again become fully functional and continue to play its pivotal role in Pakistan’s cotton economy.

APTMA is also concerned that the closure of the KCA HVI Laboratory has deprived the cotton and textile sector of a highly respected testing facility. It is noteworthy that the KCA HVI Laboratory was ranked No. 1 in the world up to December 2025 in the CSITC Round Trials conducted jointly under the auspices of the ICAC (Washington), Bremen Fibre Institute, and the USDA.

The Association maintains that at a time when Pakistan’s textile sector faces significant domestic and international challenges, every effort should be made to strengthen institutions that support the cotton value chain rather than allow continued disruption to their operations.

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APCMA appreciated the efforts of the Federal Board of Revenue (FBR), Environmental Protection Agency (EPA), and the District Industries Department for taking timely and decisive action against the unauthorized unit through written orders communicated to M/s Red Bull.

As reported, the relevant authorities on detailed inspection found the unit to be operating without mandatory approvals, registrations, environmental clearances, and other statutory permissions required under law, and accordingly sealed the premises and suspended operations.

The association in a statement here Tuesday commended the commitment shown by the government departments concerned in upholding the rule of law and protecting legitimate businesses. Illegal cement manufacturing not only causes substantial losses to the national exchequer through tax evasion but also undermines fair competition by bypassing the environmental, quality, safety, and regulatory requirements that compliant manufacturers are obligated to meet.

Pakistan’s cement industry contributes billions of rupees in taxes to the national exchequer and strictly adheres to regulations issued by FBR, EPA, and other relevant departments. APCMA urged authorities to strengthen oversight mechanisms to proactively identify and act against non-compliant units before such units can cause further damage to the sector.

The association remains committed to supporting all regulatory authorities in their efforts to eliminate unlawful industrial activity and ensure a transparent, competitive, and sustainable business environment for Pakistan’s cement sector, the statement concluded.

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The meeting was attended by Commercial Attaché of the Consulate of Islamic Republic of Iran Murad Nemati, Executive Director of Dispatching Trade Delegation Mohsen Fallah, members of the trade delegation from Iran’s Khorasan Razavi Province, KATI Vice President Muhammad Talha Ali, former KATI President Junaid Naqi, and other business leaders.

Addressing the gathering, KATI President Muhammad Ikram Rajput said that Pakistan and Iran enjoy significant untapped potential for expanding bilateral trade and emphasized the need for practical measures to unlock these opportunities.

He called for the facilitation of border trade, strengthening of banking channels, improvement of customs and logistics infrastructure, and greater participation of the private sector to ensure that the benefits of economic cooperation reach the people of both countries.

Rajput proposed the activation of joint business councils and industrial forums, the regularization of business-to-business (B2B) meetings, and the promotion of joint investments in key sectors including food processing, pharmaceuticals, textiles, energy, and infrastructure. He also stressed the importance of creating collaborative platforms for young entrepreneurs and startups to foster innovation and cross-border business partnerships.

Paying tribute to the Iranian nation, Rajput praised Iran’s diplomatic efforts aimed at reducing global tensions and promoting dialogue and peace.

He said the Iranian people had demonstrated unity, resilience, and steadfastness under challenging circumstances, presenting an example of dignity and determination to the world.

He also commended the efforts of the Prime Minister of Pakistan, Field Marshal Asim Munir, and other stakeholders for their contributions toward regional peace and stability.

Iranian Commercial Attaché Murad Nemati emphasized the need for a new era of economic integration between Pakistan and Iran.

He said the two brotherly countries should capitalize on their strategic geographic locations and transform their relationship into a long-term strategic economic partnership through joint ventures and enhanced economic cooperation.

Nemati noted that such collaboration would open new avenues for trade, investment, and prosperity not only for Pakistan and Iran but for the wider region. He thanked the Government of Pakistan and the Pakistani people for their support and solidarity with Iran during difficult times, adding that recent developments had further strengthened the deep-rooted brotherly relations and mutual trust between the two neighbouring countries.

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According to the association, cement distributors had been operating under the presumptive tax regime for several years, where tax deducted on commission was treated as the final discharge of liability. However, this system has now been abolished and replaced with a turnover tax.

These views were expressed the association’s leadership during a visit to the Lahore Chamber of Commerce and Industry (LCCI).

The APCDA delegation, led by Chairman Sheikh Abdul Majeed, met LCCI President Faheem-ur-Rehman Saigol and discussed the issues pertaining to the cement distributors.

During the meeting, detailed discussions were held on the serious financial and taxation issues being faced by cement distributors. Strong concerns were expressed over the rising burden of withholding taxes, the recent sharp increase in turnover tax and the overall pressure created by the tax system.

The LCCI President Faheem-ur-Rehman Saigol said that the business community is already facing major challenges, including high energy costs, elevated interest rates, fluctuations in the rupee and economic uncertainty. In such circumstances, increasing taxes at this pace and scale is proving highly damaging for the business environment.

He said current policies are not only increasing the cost of doing business but are also affecting the investment climate.

He added that sustainable growth in revenue can only be achieved by expanding the tax net rather than placing additional burdens on sectors that are already paying taxes.

Former FPCCI President Mian Anjum Nisar said that economic stability depends on the continuity of business activities. However, extraordinary tax increases and inconsistent policies severely damage business confidence.

He said that the increase in turnover tax from 0.25 percent to 1.25 percent is unprecedented and has multiplied business costs.

Chairman APCDA Sheikh Abdul Majeed said the price of cement per bag has increased significantly over the past two years, resulting in a substantial rise in withholding taxes and other financial obligations. This situation has made operating costs unbearable and is making it increasingly difficult for distributors to continue their businesses. He said the cement distribution sector has served as the backbone of the country’s construction industry for decades, but recent policies have placed it under severe pressure.

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Hosted by Dr. Danish Aman, Chairman of PTA (South Zone), along with the Executive Committee Members, the event brought together key industry leaders and media personnel at the PTA South Zone Office to discuss collaborative avenues for economic development and industrial facilitation.

Addressing the gathering of media and industry leaders, Mir Nadir Nabil Gabol highlighted the recent landmark successes of the Sindh Government, placing a special emphasis on the highly successful Public-Private Partnership (PPP) model that has driven development across the province.

He articulated that under the guiding philosophy of Sharai Bhutto and the progressive vision of Chairman Bilawal Bhutto Zardari, the provincial government is aggressively pursuing the establishment of the Sindh International Financial Center modeled after the DIFC in UAE. This strategic alignment aims to heavily facilitate export-oriented industries, streamline regulatory frameworks, and establish dynamic tax-free zones and invite international banks and finance organisations to boost foreign and domestic investment.

Furthermore, the spokesperson shed light on the highly anticipated, newly proposed Keti Bandar port project. He announced that this mega-project will be developed under the proven public-private partnership framework, acting as a transformative gateway for regional trade, drastically reducing logistical bottlenecks for exporters, and creating thousands of jobs for the local populace.

Dr. Danish Aman expressed his profound gratitude to the spokesperson for his time and reiterated the leather industry’s commitment to supporting the provincial government’s economic initiatives. He emphasised that the tannery and leather export sector is a vital contributor to Pakistan’s economy, and the proactive measures taken by the Sindh Government through the SIFC and new infrastructural projects like the Keti Bandar port will provide unprecedented support to local exporters.

The event concluded with a mutual consensus on maintaining an open dialogue between the industrial sector and the Government of Sindh to ensure that policies remain conducive to sustainable economic growth and export maximisation.

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He said that the difference of about Rs 190 per kg between the official rate and the market price is clear evidence that the price control system has completely failed and the concerned institutions are not fulfilling their responsibility in providing relief to the people.

He said that the people of Hyderabad are already facing natural gas shortage, low pressure and strict gas schedule, due to which thousands of domestic consumers, tandoors, tea houses, hotels, restaurants and small businesses are facing problems.

They are forced to depend on PG. In such circumstance, artificial shortages and illegal profiteering have increased the problems of the public and the business community manifold.

Saleem Memon raised the question that if there are government rates, why are the district administration, price control committees and related institutions failing to implement them? He said that despite numerous complaints and repeated attention, no effective action is seen against black marketing, which is giving free rein to the mafia.

He demanded that an immediate investigation be conducted into the supply, hoarding and prices of LPG, indiscriminate action be taken against the elements involved in illegal profiteering and the availability of LPG to the citizens at government rates be ensured.

He further demanded that more licensed companies and service providers be allowed to operate in the LPG and domestic and commercial gas supply sector so that a competitive environment is promoted, better facilities are provided to the consumers, supply is improved and unnecessary price hikes are discouraged.

At the same time, strict action should be taken against illegal refilling and unsafe sales centers.

The President of the Chamber demanded immediate notice from Sindh Chief Minister Syed Murad Ali Shah, Commissioner Hyderabad, Deputy Commissioner Hyderabad and OGRA, saying that if this serious situation is not controlled, its direct burden will fall on the common citizens and small businesses, who are already under severe pressure from inflation.

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Jointly organized by the Ministry of Commerce of the People’s Republic of China and the People’s Government of Yunnan Province, in collaboration with commercial authorities of South Asian countries, the Expo had evolved into one of the most important platforms for economic cooperation, trade promotion, and regional connectivity between China, South Asia, and Southeast Asia.

Commenting on the significance of the event, Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and Vice President of the SAARC Chamber of Commerce and Industry (SAARC CCI), expressed optimism that the platform would generate meaningful economic opportunities and strengthen regional private-sector collaboration.

He also underscored the enduring strength of Pakistan - China relations, particularly in the area of economic cooperation and business engagement.

“Pakistan and China enjoyed a strong, time-tested relationship built on mutual trust and shared development goals. These ties were further reinforced through growing private sector collaboration, which continued to open new avenues for trade, investment, and industrial cooperation between the two countries,” Atif Ikram Sheikh said.

A key highlight of the opening ceremony was the participation of H.E. Chandi Raj Dhakal, President of the SAARC Chamber of Commerce and Industry, who addressed the event alongside senior government leaders and regional dignitaries. He called for deeper economic cooperation between China and South Asia, stronger private-sector linkages, and enhanced regional connectivity to unlock new opportunities for trade and investment.

The opening ceremony was presided over by H.E. Wang Yubo, Governor of Yunnan Province, and attended by senior government officials, ministers, parliamentarians, diplomats, business leaders, and representatives from more than 60 countries and regions.

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