Latest news with #BusinessRecorder
Business Recorder
16 hours ago
- Business
- Business Recorder
Punjab Revenue Authority launches crackdown on unregistered service providers
LAHORE: The Punjab Revenue Authority (PRA) has formed special monitoring teams to ensure sales tax compliance and oversee the installation of the Electronic Invoice Monitoring System (EIMS) across service sectors, including hotels, restaurants, and marriage halls throughout Punjab. According to PRA officials, the move aims to broaden the tax net and enhance real-time monitoring of taxable transactions. In line with the directions of PRA Chairman Moazzam Iqbal Sipra, Commissioner Lahore Muhammad Asif has deployed dedicated teams to supervise inspections in Lahore and other districts. Unregistered service providers in these sectors have been given a final deadline of September 15 to complete their registration with PRA. The authority has already served advance compulsory registration notices to non-compliant businesses. After the deadline, strict enforcement measures will follow, including the sealing of premises, penalties, and further legal action against those who fail to register, install the EIMS, or meet tax obligations. Copyright Business Recorder, 2025
Business Recorder
17 hours ago
- Politics
- Business Recorder
August 5 protest: Verdict reserved on bail pleas of 7 female PTI workers
ISLAMABAD: A local court on Thursday reserved its verdict on the bail applications of seven female workers of the Pakistan Tehreek-e-Insaf (PTI), who were arrested in connection with the party's protest held on August 5. Judicial Magistrate Shaista Khan Kundi reserved the judgment after hearing arguments on multiple bail pleas filed on behalf of the detained women, currently on judicial remand. The case was registered at Lohi Bher police station following the August 5 protest. During the hearing, multiple lawyers associated with PTI submitted separate bail applications for the same individuals, leading to confusion and prompting a strong reaction from the judge. The judge expressed displeasure over the submission of multiple bail pleas, questioning the coordination among the lawyers. 'What kind of mess have you people created?' she remarked. 'I will mention everyone's name in the order,' she added. Advocate Ali Bukhari, one of the lawyers, argued that he was representing the women as they belonged to his constituency. He emphasised that the women, many of whom are elderly, were not found in possession of any incriminating items. 'All the sections mentioned in the FIR are bailable,' Bukhari argued. The defence maintained that the charges in the case did not warrant continued detention. Police did not produce the record of the case during the hearing. After hearing the arguments from all parties, the judge reserved the verdict on the bail applications and adjourned the hearing till today (Friday). The same court on Wednesday last, over nine PTI workers to the police on three-day physical remand and sent seven female workers to jail in the same case. The defence counsel, while arguing before the court, said that it is a politically motivated case and merited a discharge instead. Nothing has been recovered from the arrested PTI workers, he said, adding that they were peacefully standing on an open road, neither did they block the road nor resort to any violence. Copyright Business Recorder, 2025
Business Recorder
17 hours ago
- Business
- Business Recorder
Issues facing traders: LCCI, MBCCI agree to strengthen cooperation
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) and Mandi Bahauddin Chamber of Commerce and Industry (MBCCI) have agreed to strengthen mutual cooperation for resolving issues of the business community, promoting trade and industry and contributing to policy-making through joint efforts. The consensus was reached during a meeting between LCCI Vice President Shahid Nazir Chaudhry and Senior Vice President of the Mandi Bahauddin Chamber Captain Taimoor Ahmed (R). Former Senior Vice President of LCCI, Ali Hussam Asghar, was also present on the occasion. During the meeting, the office-bearers of both chambers stressed that the prevailing economic challenges of Pakistan can only be overcome through mutual consultation, policy reforms and active participation of the business community. LCCI Vice President Shahid Nazir Chaudhry said that the Lahore Chamber has always believed in collaboration with chambers from smaller cities and regional zones. He assured that the partnership with the Mandi Bahauddin Chamber would be further strengthened. He said both institutions would work together on experience-sharing, exchange of trade delegations, organizing joint seminars, workshops and formulating policy recommendations. Captain Taimoor Ahmed (R) appreciated the commendable role of LCCI in supporting Pakistan's economy and welcomed its cooperation with smaller city chambers. He added that collaboration with LCCI would greatly benefit the business community of Mandi Bahauddin and give a new dimension to trade activities in the region through joint initiatives. Former LCCI Senior Vice President Ali Hussam Asghar said that all chambers across the country should establish strong inter-chamber linkages to raise a unified voice on key economic issues before policymakers. The participants also agreed to devise a coordinated and organized action plan at both federal and provincial levels to resolve the challenges being faced by the business community. They pledged to utilize each other's platforms for the betterment of the national economy. Copyright Business Recorder, 2025
Business Recorder
17 hours ago
- Business
- Business Recorder
PRA launches crackdown on unregistered service providers
LAHORE: The Punjab Revenue Authority (PRA) has formed special monitoring teams to ensure sales tax compliance and oversee the installation of the Electronic Invoice Monitoring System (EIMS) across service sectors, including hotels, restaurants, and marriage halls throughout Punjab. According to PRA officials, the move aims to broaden the tax net and enhance real-time monitoring of taxable transactions. In line with the directions of PRA Chairman Moazzam Iqbal Sipra, Commissioner Lahore Muhammad Asif has deployed dedicated teams to supervise inspections in Lahore and other districts. Unregistered service providers in these sectors have been given a final deadline of September 15 to complete their registration with PRA. The authority has already served advance compulsory registration notices to non-compliant businesses. After the deadline, strict enforcement measures will follow, including the sealing of premises, penalties, and further legal action against those who fail to register, install the EIMS, or meet tax obligations. Copyright Business Recorder, 2025
Business Recorder
18 hours ago
- Business
- Business Recorder
Traders oppose demolition of Shahi Katha market
PESHAWAR: Traders on Thursday took a unified stance regarding the anti-encroachment campaign and declared no compromise on razing down legal businesses and shops, especially Shahi Katha market in the city. Traders at a joint meeting arranged by Businessman Forum and Sarhad Chamber of Commerce and Industry here at chamber reaffirmed commitment to support provincial government and district administration in the ongoing anti-encroachment campaign. They, however, made it clear that demolition of legal businesses and shops won't be acceptable under guise of the anti-encroachment drive in the city. The meeting was chaired by SCCI Senior Vice president Abdul Jalil Jan and Businessman Forum leader and former FPCCI president Ghazanfar Bilour. Traders, market, bazaar unions' presidents, office bearers and others were present in a large number were present in the meeting. Traders viewed economic and commercial activities have already slowed down in the prevailing circumstances while the launch of the anti-entrainment drive further multiplied miseries of the business community. We are ready to cooperate with the local administration but there will be no compromise on Shahi Katha market. The meeting slammed the misbehavior of senior officials and stated that the business community believes to resolve issues through table talks but abuse, harassment of traders is intolerable during the anti-encroachment campaign. Ghazanfar Bilour commented on the ongoing anti-encroachment drive in the city, stating that they have no idea what the provincial government and local administration want or desire to flourish business and economic activities. He made it clear that anti-traders policy is unacceptable. We stand with traders and have a firm stance on the anti-encroachment campaign. Ghazanfar Bilour vowed to continue to fight for fulfillment of all legitimate demands and provision of facilities and relief to the business community. He emphasised that foreign investment won't be flourished until provision of facilities to the established businesses and industries. Haji Muhammad Afzal in his remarks opined SCCI and Businessman Forum have clear stance on the anti-encroachment and they will never allow anyone to commit economic murder of the traders and jobless them. The traders' leader said SCCI and BF had always played a central role in resolution of business community issues by taking them with relevant authorities' effective manner. He said it is quite clear that Shahi Katha is property of the local government and the intervention of district administration into this matter is unacceptable. He informed that traders in city started removal of illegal structures on self-help basis so he requested the administration. Copyright Business Recorder, 2025
