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FBR Asked to Abolish the Condition of CNIC on Sales in Next Budget


FBR Asked to Abolish the Condition of CNIC on Sales in Next Budget
Business and trade bodies have strongly recommended the Federal Board of Revenue (FBR) to abolish the computerized national identity card number (CNIC) condition on sales in the coming budget (2021-22).
The issue of the CNIC was discussed during the meeting of Mian Nasser Hyatt Magoo, President Federation of Pakistan Chambers of Commerce and industry held with Chairman FBR along with senior officials from Customs and IRS.
The members from different trade bodies invited the attention of FBR towards the CNIC condition on sale which is counterproductive to required sales tax collection as well as impede the industrial production and markets sales. Nowhere in the world CNIC or identity is asked from buyers, Pakistan is the only example set by FBR causing problems in business, in specific promoting the agitations on street by the agents of sales of produce, the conducting of small business be settled in peac ....

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FPCCI launches note-worthy publications of 2020


FPCCI launches note-worthy publications of 2020
  Published On
The objective of this report is to investigate the impact of COVID-19 on economic growth
ISLAMABAD (Dunya News) – The Federation of Pakistan Chambers of Commerce and Industry” (FPCCI) has published three of its note-worthy publications “The COVID-19 and Pakistan: Implications & Way forward”, “FPCCI Activity Report” of 2020” and a research report on “Potentials of Halal Food Industry in Pakistan: Opportunities, Constraints, and Way Forward”.
Shaikh Sultan Rehman Vice President the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) steered the preparation of these publications with determination and commitment. Report on “The COVID-19 and Pakistan: Implications & Way forward” is a part of FPCCI’s initiative to provide an expert guideline for policymakers on economic issues in the perspective of COVID-19 and the lockdown during the pandemic. ....

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