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Tag Archives: Atif Ikram Sheikh

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KPK should improve tax collections, cut non-developmental expanses

Lahore : Federal government should not delay transfer of funds to the province of Khyber Pakhtoonkhwa otherwise it will hit ongoing developmental schemes and widen the budget deficit, a business leader said Monday. The provinces gets ninety two percent of its revenue requirements from federal government and the failure of FBR ... Read More »

Pakistan should woo relocating Chinese textile industry

Lahore : China’s textile and garment industry producing more than 40 percent of global textile and apparel exports is relocating to Bangladesh and Vietnam while it has ignored Pakistan which should not have been the case, a business leader said Wednesday. Chinese textile industry is relocating to Bangladesh and Vietnam ... Read More »

Multilateral institutions playing havoc with third world

Lahore : Policies of IMF, World Bank and other international financial institutions have not reduced miseries of the world but helped western national to plunder the wealth if the third world in a systematic manner, a business leader said Wednesday. These institutions are involved in financial terrorism which is pushing ... Read More »

Government to import gas from Iran and Turkmenistan to ensure energy security : Atif Ikram Sheikh

Lahore : Business community of Pakistan unconditionally support decision of the government to expedite import of gas from Iran and Turkmenistan to ensure energy security, a business leader said Wednesday. Government has allocated Rs 25 billion for the development of gas infrastructure which is laudable but the amount should be ... Read More »

ICCI warns against dollarization of economy

Lahore: Islamabad Chamber of Commerce and Industry (ICCI) on Friday expressed concern over renewed interest of masses and business community in US currency which can result in dollarization of economy. A weak rupee will force masses and the business community to trust dollar which is against the national interests, said President ... Read More »

Dysfunctional refund mechanism is threatening economic revival

Lahore: Islamabad Chamber of Commerce and Industry  said dysfunctional refund mechanism is threatening economic revival. The existing refund system has not only damaged exports but also broken the back of exporters, it said. The situation can only change if refund mechanism is fully automated eliminating the role of officials which will ... Read More »

ICCI calls for reduction in telecom taxes to reduce poverty

Lahore: President Islamabad Chamber of Commerce and Industry Atif Ikram Sheikh has said that cell phones and mobile internet is important tool to reduce poverty therefore policymakers should consider providing relief to telecom industry reeling under heavy taxation. Around 75 percent population in Saarc region is using mobile phones except Nepal ... Read More »

The global agricultural production must be enhanced by 50 percent by 2050 :Atif Ikram Sheikh

Lahore: The global agricultural production must be enhanced by 50 percent by 2050 to feed a population of nine billion, a business leader said Friday. Highlighting the significance of food security, President Islamabad Chamber of Commerce and Industry (ICCI) Atif Ikram Sheikh said that proper food at reasonable price is ... Read More »

Government to bailout rice sector which is collapsing:ICCI

Lahore: Islamabad Chamber of Commerce and Industry (ICCI) on Friday asked the government to bailout rice sector which is collapsing under double whammy of falling prices and harassment by the banks. The rice sector earning over two billion of foreign exchange continue to face crisis since last two years which ... Read More »

Govt is asked to focus on Africa to tone down energy crisis

Lahore: The Haripur Chamber of Commerce and Industry (HCCI) on Friday asked the government and private sector to focus on gas rich Sub-Saharan Africa to ensure dependable energy supplies. Sub-Saharan Africa is emerging as a major new player in the global natural gas markets which cannot be ignored as our ... Read More »

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