Latest news with #FaizAhmadChadhar
Business Recorder
14-05-2025
- Business
- Business Recorder
Trade, industry needs long-term, trade policy: FPCCI
KARACHI: Atif Ikram Sheikh, President FPCCI; President ECO-CCI and VP CACCI, has explained that trade and industry of country needs a long-term, reliable and facilitative trade policy to enable export growth in both conventional and non-conventional sectors of the economy. He was speaking to the opening session of FPCCI's Export Advancement Conference. He apprised that the passionate participation of diverse industries and sectors in FPCCI's Export Advancement Conference is a testimony to the fact that all sectors want to grow in the export markets – provided they are given an enabling, incentivizing and encouraging environment to operate. It is pertinent to note that Faiz Ahmad Chadhar, Chief Executive, TDAP, visited FPCCI to grace FPCCI's Export Advancement Conference as the Chief Guest. CE TDAP informed the conference that his institution believes in a robust and ongoing consultative process with the stakeholders in trade and industry; and, rigorous research and planning activities are being undertaken on a sectorial basis to support the recommendations and queries. Saquib Fayyaz Magoon, SVP FPCCI, presented the resolution at the culmination of FPCCI's Export Advancement Conference. The key demands of trade & industry are: The country needs to have a long-term Export & Industrial Policy for a period of 20 years. Role of Pakistan's Trade & Investment Officers (TIOs) should be more active and result-oriented to make them tangibly deliver support to export promotion. FPCCI demands that the previously implemented Fixed Tax Regime (FTR) should be restored for exporters. Additionally, a fixed withholding tax (WHT) of 1.25% should be levied to streamline it or 1.5% WHT can be levied; but, in that case, 0.25% EDS should be abolished. Export Facilitation Scheme (EFS) should be made available to local manufacturers and 18% tax on the supplies of local manufacturers should be abolished with immediate effect. Free Trade Agreements (FTAs) should be signed with countries where not in place to encourage exploration of new markets. Banking Channels in Africa should be established to enable trade with them. Women Entrepreneurs should be supported from the platform of TDAP to foster micro, small and medium enterprises (MSMEs) and promote a culture of inclusivity. Mines & Minerals; IT and Processed Foods should be encouraged as these sectors can grow exponentially vis-à-vis their current export volumes. Copyright Business Recorder, 2025
Business Recorder
07-05-2025
- Business
- Business Recorder
4th ECO TPO forum meeting held
KARACHI: The 4th Economic Cooperation Organization, Trade Promotion Organization's forum was held at Trade Development Authority of Pakistan Head Office, Karachi, today 6th of May,2025. Iran, Azerbaijan, Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan & Türkiye heads of the of trade promotion organizations / nominees participated. The meeting was chaired by Faiz Ahmad Chadhar, Chief Executive, Trade Development Authority of Pakistan. The meeting started with welcome note by Zahid Abbasi from Economic Cooperation Organization Secretariat. Zahid Abbasi welcomed all the delegates and highlighted the business opportunities that exist in the countries. Faiz Ahmad highlighted the role of ECO. He highlighted that Trade and Commerce is one of the potent instruments for economic development and poverty alleviation. He highlighted the role of the bloc and felt happy that ECO is working on the formulation of ECO Vision 2026-2035. The ECO Member presented their country statement on the role and the future road map on the importance of TPO in promotion of trade of the region. ECO Trade and Development Bank role was also discussed and the need for stronger regional integration through ECO-TDB was emphasized. The ECO Trade Agreement was discussed it was decided the Trade Development Authority of Pakistan will make ECO Pavilion in its flagship event i.e. Food-AG which is scheduled to be held in October 2025. Copyright Business Recorder, 2025
