Tag: Industrialists

Industrialists criticise energy tariff increase

Pakistan Industrial and Traders Association Front (PIAF) and leaders of business community while strongly criticising the proposed 11 to 14 per cent increase in...

Industrialists concerned over alarming rise in banks’ NPLs

The trade and industry has shown its utter dismay over the alarming rise in the banks’ non-performing loans (NPLs). In a joint statement, Patron...

50,000 industrialists boycott KESC

The highly frustrated business community of Karachi has decided not to pay the monthly electricity bills to Karachi Electric Supply Company (KESC) against the...

Industrialists lobbying against draft gas management plan

Feeling the pressure resulting from intense lobbying of influential business groups, demanding maximum share of natural gas for their uninterrupted operations from the dwindling...

Industrialists flood LHC with petitions against WAPDA

The industrial sector consumers of electricity from across Punjab have flooded the Lahore High Court with similar petitions against the Water and Power Development...

Industrialists fail to mend their ways

Our policymakers are celebrating the fact that exports have reached $25 billion and claiming that it is due to the business-friendly environment that the...

Industrialists inform Ebad about rising crime in Bin Qasim Town

A Bin Qasim Association of Trade and Industry (BQATI) delegation called on Sindh Governor Dr Ishratul Ebad at the Governor’s House and informed him...

Industrialists invited to participate in BD fair

GUJRANWALA - Bangladesh High Commissioner Sohrab Hussain has invited industrialists to participate in the country fair being held on June 6 to provide the people of Bangladesh with a firsthand exposure of Pakistani products. Addressing a meeting of Gujranwala Chamber of Commerce and Industry (GCCI), chaired by President Sheikh Sarwat Ikram and attended by a large number of manufacturers, he said it would be an attractive opportunity for the manufacturers to explore markets of

Faisalabad industrialists up in arms over gas shortages

FAISALABAD - Thousands of textile workers and industrialists streamed into city streets, once again, to protest against three-day weekly gas load-shedding that has literally crushed the business activity in the city called the Manchester of Pakistan.
The industry figures have threatened to turn the intermittent protests into an organised movement and have announced to reschedule their long march to Islamabad that was earlier called off at the intervention of Punjab Chief Minster

One-day strike costs exchequer Rs 5b, say industrialists

KARACHI - Strikes in the country cost national exchequer at least Rs five billion daily, the industrialists told the government and protested against the recent 9.9 percent hike in petroleum products prices. "One-day strike causes Rs five billion revenue loss to the national exchequer, the government should realise this factor," said SM Muneer, patron in-chief of the Korangi Association of Trade and Industry (KATI).
He was addressing the gathering at the annual dinner 2010

Industrialists exasperated over rise in petroleum prices

LAHORE - The Pakistan Industrial and Traders Associations Front (PIAF), Ferozepur Road Industrial Association, Katar Band Industrial Association and Kahna Kacha Industrial have rejected the massive rise in petroleum prices and have demanded an immediate withdrawal from the government. The demand was raised at an emergent meeting, presided over by PIAF Chairman Sohail Lashari, here on Tuesday.
Participants of the meeting were exasperated on this anti-industry and anti-masses

Industrialists voice concerns over state borrowing

KARACHI - Industrialists have raised concerns over the inflationary trend resulting from high government borrowings from the central and commercial banks. "The industrial economy of the country is already struggling due to rising global commodity prices, energy shortages and the ever worsening security situation," said a joint statement issued by SITE Association of Industry Chairman Abdul Wahab Lakhani, Senior Vice Chairman Asad Nisar and Vice Chairman Sanaullah Abdullah.

CDGK harasses SITE industrialists with tax notice

KARACHI - Although Sindh's industries are facing long power outages and other serious problems, the City District Government Karachi (CDGK) has once again issued property taxes to industries located in the Sindh Industrial and Trading Estate (SITE), it has been learnt from reliable sources.
The issuance of property tax notices to the industries by the city district government is not a new practice with the authorities having honed it in the last couple of years and garnering

Industrialists disturbed by proposed raise in gas tariffs

KARACHI - The payment systems infrastructure in the country was upgraded during the first quarter (July-September) of the current year, as 99 new automated teller machines (ATMs) were added to the e-banking infrastructure bringing the ATM network to 4,562.
According to State Bank's first quarterly report on payments systems released, 60 more bank branches have been upgraded to Real Time Online Branches (RTOBs) while the number of plastic cards (Debit and Credit Cards) also