Tag: Icci

Time to focus on African markets: ICCI

ISLAMABAD - Pakistan and Uganda has genial relations which can form a platform for vastly improved levels of bilateral trade between the two countries can be enhanced. In order to the facilitate access to Pakistan's products, Uganda has planned to establish a warehouse at Kampala which would open a gateway for Pakistani exporters and also enhance trade ties between Pakistan and Uganda, Ambassador of Uganda in Pakistan Dr Mohamed Ahmed Kisuule made these remarks in a meeting at the

ICCI urges equitable tax mechanism

ISLAMABAD - The Islamabad Chamber of Commerce and Industry Saturday stressed the need for implementing a free and fair taxation policy to raise revenues by broadening and simplifying the tax base. "Unfortunately taxation has not been given due attention in Pakistan and has became an ineffective tool with regards to socioeconomic policies," ICCI President Mehfooz Elahi said while addressing members of the business community. He was of the view that many people avoid filing tax returns

ICCI for forming economic revival group

ISLAMABAD - Islamabad Chamber of Commerce and Industry (ICCI) has urged the government to form an 'Economic Revival Group' to deliberate on the key issues to implement permanent solutions to aid the faltering economy. ICCI President Mahfooz Elahi said that the economic revival plan and timely execution were key factors in whether Pakistan could break out of the current economic crisis.
He reasoned it only requires close coordination among various organisations and strong

ICCI calls for boosting domestic investment

ISLAMABAD - The Islamabad Chamber of Commerce and Industry (ICCI) said that special emphasis would be placed on identifying barriers that discourage investment in Pakistan while onus should be placed upon domestic investment in a concerted effort to drive economy out of recession.
"Domestic investment is one of the major determinants in sustainable long-term economic growth but Pakistan's domestic challenges are driving investors away," ICCI President Mahfooz Elahi said while

Brain drain a headache for economy: ICCI

ISLAMABAD - Human capital is integral to the economic progress of Pakistan but discouraging domestic factors are forcing young professionals to look further afield for better prospects and shift abroad, said Islamabad Chamber of Commerce and Industry (ICCI) President Mahfooz Elahi.
He expressed concern that due to the dearth of job opportunities, negative environment and lack of support on the part of the government, knowledgeable and skilled professionals are looking to other