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Tag Archives: Shahid Rasheed Butt

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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 »

Full membership of SCO to boost Pakistan’s economy: Shahid Rasheed Butt

Lahore : Efforts of the Prime Minister Nawaz Sharif must be lauded which has resulted in full membership of Pakistan in the Shanghai Cooperation Organisation (SCO), a business leader said Sunday. The SCO will not only give Pakistan a powerful platform to promote its economy, but it will also help ... 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 »

Tax on bank transaction should be abolished : Shahid Rasheed butt

Lahore : Islamabad Chamber of Small Traders on Sunday said withholding tax on bank transaction should be abolished or reduced in the upcoming budget. Government has imposed additional taxes worth over a trillion rupees since it came to power but WHT on bank transactions has attracted more opposition than any ... 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 »

Manufacturing sector should get due importance: Traders

Lahore : Islamabad Chamber of Small Traders on Thursday said manufacturing is an important sector of the economy which should be given due importance as its share in the GDP remains stagnant since three years. Despite efforts the share of manufacturing has not increased from 3.16 percent since last three ... 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 »

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