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Affect of taxes on masses should be examined

ISLAMABAD:      The Pakistan Economy Watch (PEW) on Saturday demanded a commission to analyze the impact of increased taxes on the masses and the fragile economy. The purpose of taxes is to provide resources to run the country, trigger economic and social development and ensure just distribution of wealth but our taxation system is not serving any of these …

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ICCI calls on PM to negotiate PTA with USA during his current visit

ISLAMABAD: The Islamabad Chamber of Commerce & Industry has called upon the Prime Minister Imran Khan to negotiate a Preferential Trade Agreement with USA during his current visit as removal of trade barriers and providing preferential market access to Pakistan products would double the bilateral trade between the two countries. Ahmed Hassan Moughal President, RafatFarid Senior Vice President and Iftikhar …

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Standard Chartered wins big at the annual Islamic Finance Awards

LAHORE:   (Parliament Times)     Standard Chartered Saadiq, the Bank’s Islamic Banking arm, has received 21 awards at the 2019 Asset Triple A Islamic Finance Awards. The Bank was recognised for its sukuk and investment advisory skills, in addition to its innovative products and services offered in the Islamic Finance space. This recognition highlights the Bank’s innovative and diverse range of …

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Haleeb Foods wins Award for Environment Excellence

Press Release, Lahore:    (Parliament Times)      Haleeb Foods one of the leading food and beverages company of Pakistan won prestigious accolade in the food category at the 16th Annual Environment Excellence Awards for being committed to be at the forefront of the environmental protection in Pakistan. This award distinguishes the high quality standards and vision of the company …

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Interest rate hike to bring a new wave of inflation

KARACHI:      Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Wednesday said the country is in grip of uncertainty and fears after the annual budget which is taking a toll on the weak economy. The political situation is not calm, stock market and industries are worried and confused while economic …

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Cracks appeared in Founder Group of ICCI

ISLAMABAD:        Cracks have appeared in the Founder Group ruling Islamabad Chamber of Commerce and Industry (ICCI) for decades. In a shocking development, former president ICCI and an important member of Founder Group Waqar Aslam Hamdi along with his supporters have joined the Islamabad United Group which is striving for transparency in the matters of ICCI. Waqar Aslam …

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Govt efforts to eradicate corruption lauded

KARACHI:             President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Monday said the government is taking serious steps to eradicate corruption. Corruption in every form is damaging for the country but the most damaging …

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Inflation should not be allowed to become a threat to government: PEW

Islamabad:     The Pakistan Economy Watch (PEW) on Sunday asked the authorities to control inflation lest it becomes a problem for the government. Profiteers should be dealt with an iron hand as they have crossed all limits to bleed masses white as the country is moving from medium to high inflation, it said. The government is trying to increase revenue …

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ICCI hails FBR move to introduce single tax portal for taxpayers

Islamabad:      The Islamabad Chamber of Commerce and Industry said that FBR is reportedly working in collaboration with provinces to introduce a single tax portal for taxpayers to file their sales tax returns of goods and services at one platform, which was a laudable initiative as it would greatly facilitate them in filing sales tax returns and reduce the …

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