Businessmen demand 500bps rate cut D_Trends

Businessmen demand 500bps rate cut D_Trends

KARACHI: Businessmen Group Chairman Zubair Motiwala and Karachi Chamber of Commerce and Industry (KCCI) President Iftikhar Ahmed Sheikh have urged the State Bank of Pakistan (SBP) to announce a substantial reduction in interest rate by at least 500 basis points to bring the rate down to 14.5% in the upcoming monetary policy statement. They cited … Read more

Govt gives record single month tax refunds to businessmen. But should it have? D_Trends

Govt gives record single month tax refunds to businessmen. But should it have? D_Trends

The federal minister of finance Muhammad Aurangzeb announced late last month that the government had refunded almost Rs 68 billion to different sectors, as part of the tax refund program that began on July 1. He said this while addressing a press conference in Islamabad. It was elaborated that the program has not yet concluded … Read more

UAE CG visits Karachi Chamber of Commerce, meets businessmen Dtrends

UAE CG visits Karachi Chamber of Commerce, meets businessmen Dtrends

KARACHI: During the meeting, Bakheet Ateeq said that the United Arab Emirates has started zero bureaucracy for the convenience of Pakistani businessmen, which will make it very easy for businessmen to start business and there will be no need for an agent, says a Press release.He said that traders will be able to register their … Read more