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Karachi, June 13, 2013 (PPI-OT): Under Federal Budget 2013-14 the government has increased Sales Tax from 16% to 17% to increase its Revenue Target. But higher percentage of Tax always gives birth to malpractices such as underinvoicing and other corrupt practices. As a result the government may lose both Sales Tax and Customs duty due [...]

Karachi, June 12, 2013 (PPI-OT): Mr. Noraslan Hadi Abdul Kadir, Consul Trade, The Consulate General of Malaysia, Trade Section (MATRADE) has met with Secretary TDAP and discussed participation of Malaysian Exhibitors and Buyers on upcoming Expo Pakistan 2013 (September 26-29). The Consul General appreciated the efforts of Trade Development Authority of Pakistan and informed that [...]

Lahore, June 11, 2013 (PPI-OT): Small and Medium Enterprises Development Authority (SMEDA) has proposed to promote cross border trade with China through Gilgit-Baltistan, with Iran through Quetta, with Afghanistan through Quetta/Peshawar and with India through Lahore for effective implementation of Strategic Trade Policy Framework 2012-15. Establishment of Special Economic Zones in these border areas has [...]

Lahore, June 10, 2013 (PPI-OT): Pakistan Industrial and Traders Association Front (PIAF) has urged the government to eveolve a well-thought strategy with the consultation of stakholders to bring the economy back on the rail. Uninteruppted supply of electricity and gas, promotion of merit and asterity drive would not only enliven the halted-business activities but would [...]

Lahore, June 10, 2013 (PPI-OT): Pakistan Industrial and Traders Association Front (PIAF) has urged the government to eveolve a well-thought strategy with the consultation of stakholders to bring the economy back on the rail. Uninteruppted supply of electricity and gas, promotion of merit and asterity drive would not only enliven the halted-business activities but would [...]

Islamabad, June 10, 2013 (PPI-OT): The federal government has extended the implementation date of the 2013 Public Sector Companies (Corporate Governance) Rules to July 8, 2013. The rules were issued by the Securities and Exchange Commission of Pakistan with the approval of the federal government vide SRO 180(I)/2013 dated March 8, 2013, and were to [...]

Karachi, June 10, 2013 (PPI-OT): The Union of Small and Medium Enterprises (UNISAME) demanded tariff protection for domestic industries to survive in the face of under invoiced imported goods. President UNISAME Zulfikar Thaver speaking at a talk show on local television channel told the viewers that the domestic SME units are finding it very difficult [...]

Karachi, June 06, 2013 (PPI-OT): The International Council of Small and Medium Enterprises (ICSMEs) whilst felicitating Mian Nawaz Sharif on his election as prime minister (PM) of the Islamic Republic of Pakistan and wishing him best of success and assuring him full support invited his attention to the fact that the SME sector is the [...]

Islamabad, June 05, 2013 (PPI-OT): Member of the UK’s House of Lords, Lord Nazir Ahmed of Rotherham called on Chairman FBR Mr. Ansar Javed at the FBR House here today. Riffat Shaheen Qazi, official spokesperson, and Member FBR was also present in the meeting. During the meeting Chairman FBR stressed the need to enhance collaboration [...]

Lahore, June 03, 2013 (PPI-OT): Pakistan Industrial and Traders Association Front (PIAF) has urged the in-waiting-Prime Minister of Pakistan Mian Muhammad Nawaz Sharif to start work on Kalabagh Dam to get rid of the menace of load shedding that has pushed the industrial sector on the verge of collapse. In a greeting message to the [...]