Wednesday, August 5th, 2020
ICCI observes Youm-e-Istehsal to express solidarity with people IOJ&K
ISLAMABAD, AUG 5 (DNA) – The Islamabad Chamber of Commerce and Industry observed Youm-e-Istehsal to express solidarity with the people of Indian Occupied Jammu & Kashmir (IOJ&K). For this purpose, a ceremony was held at ICCI. At this occasion, a rally was taken out led by Ahsan Zafar Bakhtawari to express solidarity with Kashmiri people that ended at Chamber House and participated in the ceremony. Addressing the ceremony, Muhammad Ahmed Waheed, President, Islamabad Chamber of Commerce & Industry (ICCI) strongly condemned the India’s annexation of Indian Occupied Jammu & KashmirRead More
FPCCI asks not to impose 2% RD on Polyester Spun Yarn
DNA Karachi: Khawar Noorani, Chairman Standing committee on imports, convener yarn trade committee, Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and former chairman Pakistan Yarn Merchants Association) PYMA), has appealed to Prime Minister Imran Khan to withdraw the decision to impose 2% regulatory duty (RD) on Polyester Spun Yarn, urging to save the textile industry from disaster and feared that if relief not provided to deal with the serious economic crisis due to COVID-19 pandemic, the textile industry would on the brink of collapse and traders and industrialists willRead More
Business Community lauds new political map of Pakistan
DNA KARACHI, AUG 5 – Businessmen Panel on Wednesday hailed the Federal Cabinet decision to approved a new political map of Pakistan, which was a giant step as it reflected desire of the whole nation as well as business community of the country. Secretary General (Federal) of the BMP and FPCCI Former Chairman Standing Committee, Chaudhary Ahmad Jawad said the new map also shows Siachen as a part of Pakistan. “We are challenging their India illegal occupation and claiming our right to the area through the map. He said the continuationRead More
Recommendations are sought from PAJCCI on improving bilateral trade
DNA KARACHI, AUG 5 – In an urgent meeting held in Karachi led by Secretary Commerce Sualeh Ahmad Farooqui, Chairman PAJCCI, Zubair Motiwala presented the grave condition of Pakistan-Afghanistan Trade and Transit status which has further aggravated amid COVID 19. Motiwala highlighted that Afghanistan is only country with which Pakistan enjoys a trade surplus and at this point of grave economic crises, the lost business with Afghanistan can bring fruitful results. He iterated that actual trade quantum is $5 billion, with a potential to reach $10 billion, but due toRead More
PIAF rejects jump in petroleum products rates amid high inflation
DNA Lahore: The Pakistan Industrial and Traders Associations Front has rejected jump in prices of petroleum products for the second consecutive month despite the fact that inflation rate touched 9.30 percent in July mainly due to more than 65 percent record jump in fuel prices last month, warning the authorities that inflation above 6 percent could hurt economic growth. In a joint statement, with senior vice chairman Nasir Hameed and vice chairman Javed Siddiqi, Mian Nauman Kabir said that for the month of August, the government increased the price ofRead More
OIC calls for investigation into HR violations, extrajudicial killings in IIOJK
JEDDAH: The OIC Human Rights Commission has strongly supported the UN experts’ call for urgent action to remedy the alarming human rights situation in Indian Illegally Occupied Jammu and Kashmir (IIOJ&K). In a series of tweets on Kashmir Siege Day on Wednesday, the OIC Independent Permanent Human Rights Commission endorsed demands of the UN experts to investigate all cases of human rights violations, including extrajudicial killings, enforced disappearances, torture and arbitrary detentions in Indian Illegally Occupied Jammu and Kashmir. The OIC General Secretariat also reiterates its call for the settlementRead More