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Tag Archives: Islamabad Chamber of Small Traders

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State Bank of Pakistan should not hide economic weaknesses : Shahid Butt

Lahore : Islamabad Chamber of Small Traders on Tuesday said the State Bank of Pakistan should not hide economic weaknesses in its reports as it will damp down its reputation. It asked the State Bank of Pakistan to present the true picture of the economy and refrain from issuing encouraging ... Read More »

ICST lauds govt decision to give Rs 15 billion to textile sector

Lahore : Islamabad Chamber of Small Traders on Thursday lauded the decision of the government to provide Rs 15 billion to the textile sector under the PM’s package. Textile sector is the mainstay of the economy which must be supported and the decision will infuse confidence in this sector which ... Read More »

Govt to promote edible oil sector : Shahid Butt

Lahore : Islamabad Chamber of Small Traders on Sunday asked the government to promote edible oil sector to save import bill and empower farmers who are on the mercy of middlemen. Self-sufficiency in the edible oil production can help country save 2.5 billion dollars annually which need some steps, said ... Read More »

ICST asked govt to settle circular debt

Lahore : Islamabad Chamber of Small Traders on Tuesday asked the government to settle issue of circular debt to save poor masses from sizzling heat in summer. Honest customers should not be penalised for the inefficiency and mismanagement in the power sector, it said. Infamous circular debt has reached to ... Read More »

Govt to open market for Turkish auto sector : Shahid Rasheed Butt

Lahore : Islamabad Chamber of Small Traders on Wednesday asked the government to consider opening up local market for the auto sector of Turkey in the national interest as it will help boost dwindling textile exports while masses will get quality cars on economical rates. During FTA negotiations, Turkey has ... Read More »

Islamabad Chamber of Small Traders express concern over fall in leather exports

Lahore : Islamabad Chamber of Small Traders on Monday expressed concern over falling production and dwindling exports of the leather sector and called for steps to revive it. Once vibrant leather sector is sailing in troubled waters and its exports for the year 2015.16 fell by 12.35 percent on the ... Read More »

Stalled privatization process against national interests : Shahid Rasheed Butt

Lahore : Islamabad Chamber of Small Traders on Thursday expressed concern over stalled process of privatization terming it against the national interests. Pakistan cannot afford the luxury of wasting over Rs500 billion annually on inefficient state-run-enterprises (SOEs) as the money can be used for welfare of masses, said Patron Islamabad ... Read More »

ICST expresses concern over increasing current account deficit

Lahore : Islamabad Chamber of Small Traders has expressed concern over widening current account deficit and asked the government to take steps to arrest the fall. Current account deficit widened to $591 million in July 2016, more than double from $234 million in the same month of last fiscal year, ... Read More »

Brexit is the beginning of the end of globalisation : Shahid Rasheed Butt

Lahore : Islamabad Chamber of Small Traders on Sunday said Brexit is the beginning of the end of globalisation as it has failed to accomplish the cited objectives. Free market economy increased the concentration of wealth, augmented the number of billionaires and pushed million below the poverty line to live ... Read More »

Islamabad Chamber of Small Traders criticised Nepra for burdening electricity consumers

Lahore: Islamabad Chamber of Small Traders on Sunday criticised Nepra for burdening electricity consumers with additional burden of Rs40 billion days before the budget. Masses and business community are already buying costly electricity which has compromised their abilities therefore additional burden is highly unjustified and unacceptable, said Patron Islamabad Chamber ... Read More »

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