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ICCI welcomes WTO waiver for EU concession |
February 03, 2012 |
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Islamabad Chamber of Commerce and Industry (ICCI) hailed the decision of the World Trade Organization (WTO) for approving waiver to the European Union (EU) to import 75 duty free products from Pakistan.
Yassar Sakhi Butt, President ICCI said that trade ties with the European Union member countries would be enhance...
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ICCI Slams Petroleum price hike |
February 01, 2012 |
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Islamabad Chamber of Commerce and Industry (ICCI) strongly criticized the massive raise in petroleum products, saying that it would hit trade and industry hard besides jacking up the graph of inflation further high.
Rejecting the unjust increase in the petroleum prices, Yassar Sakhi Butt, President ICCI urged the ...
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ICCI shows concern for sluggish growth of Large Scale Manufacturing |
January 27, 2012 |
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Significant growth of Large Scale Manufacturing (LSM) is essential for economic development. The ongoing energy crisis and high markup rates have been the major factors behind the sluggish performance of the LSM sector.
The large-scale manufacturing sector dragged down to 1.52 percent during the first five months...
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ICCI resents hike in electricity tariff |
January 25, 2012 |
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Islamabad Chamber of Commerce & Industry (ICCI) has condemned the decision of National Electric Power Regulatory Authority as it has approved Rs.6.50 per unit hike for power tariff of Islamabad Electric Supply Company (IESCO) and Peshawar Electric Power Supply Company (PESCO).
The recent increase in the electr...
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ICCI shows reservations over resorting to IMF for Economic Stability |
January 24, 2012 |
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Government should not approach International Monetary Fund (IMF) for another bailout package due to rising global crude prices which might not prove beneficial for the country in the long term.
Business community remained wary of and apprehensive at the prospects of IMF’s return because it will again impose ...
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Tax Gap reduction essential for economic growth-Yassar Sakhi Butt |
January 21, 2012 |
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No work has been done for the reduction of tax gap in the country which needs special consideration by the concerned authorities that would ultimately help to increase the tax-to-GDP ratio.
The tax gap in Pakistan should be brought down with constant efforts and reform process in the tax administration as Governm...
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ICCI resents upon arbitrary wrapping charges on outward Cargo |
January 17, 2012 |
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Product competitiveness is the right recipe to make a strong presence in global market but our Government have planned to impose different charges on outward cargo which would decrease Pakistan’s product competitiveness.
Government should not impose exorbitant cargo charges on exporters because it is high t...
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ICCI shows concern over widening trade deficit |
January 14, 2012 |
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The current increase in trade deficit will drag our economy towards major downturn which is already in doldrums due to various core issues that need to be addressed by the Government on urgent basis.
Yassar Sakhi Butt, President, Islamabad Chamber of Commerce and industry (ICCI) has shown serious concern over the...
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