1728685990-0%2Fimage-(79)1728685990-0.jpg&w=3840&q=100)
Traders underline need for B2B exhibitions
The collaboration between Raast and Buna will help overseas Pakistanis in instantly sending remittances back home through the digital infrastructure, making cross-border transactions easy and convenient. PHOTO: FILE
Listen to article
The Hyderabad Chamber of Small Traders & Small Industry has advocated for organising dedicated business-to-business (B2B) exhibitions and road shows in Hyderabad, specifically for chemical and allied industries, as such initiatives will provide local manufacturers and traders with direct access to business opportunities and innovative technologies.
A high-level delegation of HCSTSI, led by Vice President Shan Sehgal, participated in the Pakistan Chemical Expo 2025, organised at the Karachi Expo Centre.
The delegation visited various stalls and held detailed meetings with representatives of leading national and international companies from chemical, packaging, waste management, energy and allied industrial sectors. These industry leaders expressed keen interest in collaborating with HCSTSI and showed their intention to visit Hyderabad and engage with the chamber in the near future.
Speaking on the occasion, HCSTSI Vice President Shan Sehgal stated that international-standard events like the Pakistan Chemical Expo play a vital role in promoting industrial growth, fostering research and development activities, facilitating technology transfer and creating valuable business linkages.
He emphasised that Hyderabad is the second-largest commercial hub of Sindh and home to thousands of active business units across sectors such as chemicals, pharmaceuticals, plastics, cold beverages, food processing and construction. "In light of this, such exhibitions are urgently needed to be organised in Hyderabad to support local industrial advancement."
The chamber delegation briefed participating companies about the performance, facilities and investment potential in Hyderabad. They formally invited them to expand their networks and establish operations in the city.
The chamber leadership praised the Pakistan Chemical Manufacturers Association and other organisers for arranging a successful and purposeful event and for providing a strong platform for meaningful industrial and commercial interaction.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Recorder
2 hours ago
- Business Recorder
Crackdown underway: Pakistan's FIA identifies investors with AED 2m real estate holdings in UAE
ISLAMABAD: The resident Pakistanis who have made a qualifying investment of at least 2.0 million AED in real estate in Dubai/ UAE have been identified from the immigration data maintained by the FIA at the airports, and a major crackdown under the income tax laws and anti-money laundering regulations is under way. As per sources, thousands of Pakistani residents are holding 10-year golden visas (Residence/ Iqama) of the UAE issued due to investment of at least AED 2.0 million. These Pakistanis use the Golden Residence card at the Pakistan immigration counters while travelling to the UAE, which is scanned and saved in the FIA Immigration portal. The residence card (Iqama) contains the following information: Pakistani passport number and name; Profession – Property owner; Sponsor – Self Sponsor; and Issue date/ Expiry date – 10 years. 'Dubai Unlocked': Pakistanis own properties worth $11bn in emirate city, report says From the above data, the property investor can easily be identified and it can be ascertained whether investment in UAE property has been declared in their wealth statement or not. As per sources, the majority of resident Pakistanis have neither declared this investment in UAE properties in their wealth statements nor the rental income/ capital gain in shown in the return of total income. Similarly, CVT on foreign assets is also not paid. When contacted for comments, Shahid Jami, tax consultant, explained that though there is a tax treaty between Pakistan and UAE, which includes an Article for exchange of information but UAE has reportedly not provided information to Pakistani tax authorities. Similarly, under the Automatic Exchange of Information treaty, financial data is not provided as bank accounts are opened in UAE by using the residence permit as an identity document instead of a Pakistani passport. Jami added that due to the aforementioned factors, there is a tendency not to declare the investment made. Similarly, for investment, the use of informal remittances is also available easily at an affordable cost. He stated that, therefore, those taxpayers who declared foreign assets under the amnesty scheme now feel that they have made a mistake, as those who did not declare are outside the radar without any fear of being caught. Jami explained that tax laws have become very stringent, and in respect of foreign assets, the erstwhile limitation of five years is not applicable. He advised the taxpayers not to suppress foreign assets and not to violate foreign exchange regulations. When asked how to make lawful foreign investment and legitimate tax-free earnings, he stated that tax planning schemes within the framework of law are available, and very few compliant taxpayers are already availing those. Copyright Business Recorder, 2025


Business Recorder
4 hours ago
- Business Recorder
Crackdown underway: FIA identifies investors with AED 2m real estate holdings in UAE
ISLAMABAD: The resident Pakistanis who have made a qualifying investment of at least 2.0 million AED in real estate in Dubai/ UAE have been identified from the immigration data maintained by the FIA at the airports, and a major crackdown under the income tax laws and anti-money laundering regulations is under way. As per sources, thousands of Pakistani residents are holding 10-year golden visas (Residence/ Iqama) of the UAE issued due to investment of at least AED 2.0 million. These Pakistanis use the Golden Residence card at the Pakistan immigration counters while travelling to the UAE, which is scanned and saved in the FIA Immigration portal. The residence card (Iqama) contains the following information: Pakistani passport number and name; Profession – Property owner; Sponsor – Self Sponsor; and Issue date/ Expiry date – 10 years. 'Dubai Unlocked': Pakistanis own properties worth $11bn in emirate city, report says From the above data, the property investor can easily be identified and it can be ascertained whether investment in UAE property has been declared in their wealth statement or not. As per sources, the majority of resident Pakistanis have neither declared this investment in UAE properties in their wealth statements nor the rental income/ capital gain in shown in the return of total income. Similarly, CVT on foreign assets is also not paid. When contacted for comments, Shahid Jami, tax consultant, explained that though there is a tax treaty between Pakistan and UAE, which includes an Article for exchange of information but UAE has reportedly not provided information to Pakistani tax authorities. Similarly, under the Automatic Exchange of Information treaty, financial data is not provided as bank accounts are opened in UAE by using the residence permit as an identity document instead of a Pakistani passport. Jami added that due to the aforementioned factors, there is a tendency not to declare the investment made. Similarly, for investment, the use of informal remittances is also available easily at an affordable cost. He stated that, therefore, those taxpayers who declared foreign assets under the amnesty scheme now feel that they have made a mistake, as those who did not declare are outside the radar without any fear of being caught. Jami explained that tax laws have become very stringent, and in respect of foreign assets, the erstwhile limitation of five years is not applicable. He advised the taxpayers not to suppress foreign assets and not to violate foreign exchange regulations. When asked how to make lawful foreign investment and legitimate tax-free earnings, he stated that tax planning schemes within the framework of law are available, and very few compliant taxpayers are already availing those. Copyright Business Recorder, 2025


Express Tribune
9 hours ago
- Express Tribune
Cashless economy
Listen to article Pakistan stands at a transformative juncture in its transition towards a digitised, cashless economy. With Raast, the national instant payment system, processing Rs8.5 trillion across 371 million transactions during the first calendar quarter of 2025, a surge of 146% in value, the infrastructure for a cashless economy is no longer aspirational, but operational. But with an estimated 37% of GDP still entrenched in the shadow economy, plenty of technological adoption — including forced adoption - is still required to fully reap the benefits of a cashless economy and the transparency and other benefits that come with it. Recent momentum is undeniable. Several federal advisory panels have been focused on digital payments innovation and infrastructure, signalling the unprecedented political will behind the transition. Budget proposals to incentivise digital transactions, such as sales tax reductions for digital payments and additional taxes on large, over-the-counter transactions also support the transition while also having a secondary benefit of reducing the tax burden on salaried citizens — who usually pay income tax and are more likely to already be immersed in the digital economy — to untaxed sectors and expand the tax net beyond today's anaemic tax-to-GDP ratio of under 11%. The cashless transition was always going to be a marathon, not a sprint. The government needs to facilitate an ecosystem that keeps the process painless and convenient for citizens. The best way to do so is to keep the momentum going by bridging connectivity gaps through expanding high-speed internet coverage, bringing more women and rural residents into the net and addressing trust deficits around data security and surveillance, along with mistrust of digital currency that has led to as much as 90% of e-commerce still working on a cash-on-delivery model. Schemes to assist small vendors in the digital transition while continuing to subsidise cashless payments will also be critical parts of the way forward.