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Gov should do away with GIDC on consumer

LAHORE: In 2011, the PPP government imposed a tax in the name of Gas Infrastructure Development Cess (GIDC) on all industrial gas users and CNG sector except the households. The act was very damaging for the country’s economic growth as its rate was very high especially for fertiliser, CNG and power sectors. As a result, it was challenged in all ... Read More »

GSP Plus: Opportunities for textile exporters abound

KARACHI: For the exporters who are looking for more trade avenues, the European Union’s Generalised Scheme of Preferences (GSP) Plus has opened new doors of opportunities. Since January, the month when Pakistan qualified for the GSP Plus, exporters of finished garments have seen a surge in enquiries and orders from the EU. “We have noted an increase of 20-25% in ... Read More »

Mian Adrees: Agriculture and Live-Stock will be given more importance

KARACHI — Presidential Candidate for the FPCCI, Mian Adress said that Agriculture has an important direct and indirect role in generating economic growth. It provides food to consumers and fibres for domestic industry; it is a source of scarce foreign exchange earnings; and it provides a market for industrial goods. He said that Agriculture and livestock are the back bone ... Read More »

Karachi businessmen fear closure due to non-supply of water

KARACHI – In a Press Statement issued on November 28,  M. Jawed Bilwani, Chairman, SITE Association of Industry has shown his utter dismay and disappointment over the non-supply of water to industries in general and industries of SITE in particular.  He said that despite clear-cut and strict orders to KW&SB and constitution of a Committee under the chairmanship of Commissioner, ... Read More »

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