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Tag Archives: Atif Ikram Sheikh

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Border tensions with Iran and Afghanistan should be diffused : FPCCI

Lahore : The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Tuesday said border tensions with Iran and Afghanistan should be diffused. Islamabad, Tehran and Kabul should not allow the tensions to escalate as it will damage all the stakeholders, it said. The situation should not be allowed ... Read More »

Super tax discouraging foreign investment : Atif Ikram Sheikh

Lahore : Federation of Pakistan Chamber of Commerce and Industry  on Sunday said it supports economic vision of the Prime Minister Nawaz Sharif. Prime Minister Nawaz Sharif and Finance Minister Ishaq Dar realises the importance of the business community in the national development therefore they are paying special attention to ... Read More »

Govt asked to implement export package announced in Jan

Lahore : The government should implement Rs180 billion export package without further delay to boost falling exports resulting in wide trade deficit, a business leader said on Monday. The package textile and non-textile sectors was announced and notified in January but it has not been implemented since then that is ... Read More »

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 »

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