Latest news with #MehbooburRehman
Express Tribune
14-07-2025
- Business
- Express Tribune
NA urged to prioritise economic legislation
PML-N-led coalition government in the Centre now has 229 members in the NA. PHOTO: APP In a significant move aimed at spurring private sector growth, the Pakistan Business Forum (PBF) has written a letter to the speaker of the National Assembly, urging parliament to declare the ongoing fiscal year as the "Year of Economic Legislation." PBF President Khawaja Mehboobur Rehman emphasised that sustainable private sector growth was only possible when parliament stood firm with the business community. He expressed hope that the speaker would play an active role in positioning the legislative branch as a true economic partner. "It is imperative that parliament leads the way in crafting legislation that binds banks to offer fair and accessible credit to the SME and startup sectors," he said. "For too long, the banking industry has operated on its own terms, refusing to extend credit to small businesses while focusing almost exclusively on lending to the government, which is an easier route." Highlighting the deep-rooted financial access issues, particularly in Balochistan, the PBF pointed to the shocking reality that many businesses in the province were effectively excluded from the credit system. The forum also raised alarm over Sections 37AA and 37B of the Finance Act, demanding their immediate revision. Mehboobur Rehman warned that those measures would cripple businesses, accelerate unemployment and damage investor confidence. The PBF strongly condemned the extraordinary powers granted to Federal Board of Revenue (FBR) officials, unjust treatment of the business community and policy decisions made without business consultation. It demanded immediate withdrawal of those measures and a halt to economic victimisation of the business community.
Business Recorder
01-05-2025
- Business
- Business Recorder
PBF says nation ready to respond to any Indian misadventure
KARACHI: Pakistan Business Forum (PBF) lauded the government of Pakistan for a 'neutral' investigation into the killings of tourists in Pahalgam in Indian-occupied Kashmir President PBF Khawaja Mehboob ur Rehman while talking to BR said let's see how India responded, but I think India seems to be more interested to building its case for Striking Pakistan, and if they did it, the Pakistani nation is full ready to respond. Khawaja said we stand firmly with the Pakistan Armed Forces, adding that India's habit of blaming Pakistan every few years is no longer acceptable. "It has become their pattern to remain silent for a few years and then suddenly start pointing fingers at Pakistan again," he said. "Enough patience has been shown by Pakistan." He advised to Indian media that instead of fanning the flames, they may need to bring down the temperature. 'India must accept the fact that without a just solution to the Kashmir issue, peace is impossible'. Meanwhile, Pakistan Business Forum (PBF) officials have disclosed that India now stands to incur trade losses amounting to approximately $1.14 billion due to restrictions on using Pakistani soil for trade activities after imposing ban announced in the meeting of National Security Committee. They highlighted that India exported around $500 million worth of goods to Pakistan between April 2024 and January 2025, while imports from India stood at just $0.42 million. Additionally, the forum pointed out that Indian goods transiting through Pakistan to Afghanistan estimated at about $640 million annually would also be disrupted, compounding India's trade losses. PBF slammed India's suspension of the Indus Waters Treaty, calling the decision "ridiculous and detrimental" to stability in South Asia. Copyright Business Recorder, 2025
India.com
28-04-2025
- Business
- India.com
India may suffer a loss of over Rs 97000000000 due to..., what is cash-strapped Pakistan threatening about?
India may suffer a loss of over Rs 97000000000 due to…, what is cash-strapped Pakistan threatening about? Islamabad: Tensions between India and Pakistan have further escalated following the Pahalgam terror attack in Jammu and Kashmir in which 26 tourists lost their lives. Both countries have taken several tough decisions against each other ranging from stopping the flow of the Indus River water to closing Pakistani airspace for Indian commercial flights. It is evident that these tough decisions will cause losses to both countries. Amid all this, the Pakistan Business Forum (PBF) has made a sensational claim that India will suffer a trade loss of about USD 1.14 billion (Rs 97,31,91,97,608) due to the ban on the use of Pakistani soil for business activities. How Will India Suffer Losses? According to Pakistan Business Forum officials, New Delhi exported goods worth USD 500 million to Pakistan between April 2024 and January 2025. While the country imports goods of only USD 0.42 million. Additionally the forum claimed that Indian goods moving through Pakistan to Afghanistan – which is worth about USD640 million annually, would also be disrupted, further increasing India's trade deficit. The forum also pledged to support Pak government's decisions against India. What Is Pakistan Business Forum? As per the official website of the Pakistan Business Forum, PBF is a chapter of the International Business Forum (IBF). It is a premier organisation that represents and supports the business community living in Pakistan. The forum further provides a platform for business entrepreneurs and industry leaders to collaborate, share ideas and address common challenges. It mainly focuses on promoting economic growth and influencing government policies in favour of businesses. PBF is chaired by Khawaja Mehboob ur Rehman. India-Pakistan Closed Borders/Trade India and Pakistan have severed ties at the Wagah/Attari border crossing, following an earlier suspension of direct trade. Pakistan has further escalated the situation by halting all trade with India, including indirect trade via third countries like the UAE, which had previously been utilised. This action marks a significant escalation from earlier discussions of potential trade routes between the two nations.
