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Economy

Economy

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    Current situation can bankrupt over 100 countries. Many countries using whole income to service debt. Debt cancellation will not resolve the crisis.

    Economy
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    (May 01, 2020) FPCCI’s Businessmen Panel SVP, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said the ongoing situation can result in the bankruptcy of over one hundred...
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    Health, Green package and removal of WHT on bank transactions lauded. Allied industry supporting the export sector should be allowed to operate. Dilemma of retailers warrant reopening of businesses.

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    (April 29, 2020) FPCCI’s Businessmen Panel SVP, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday lauded Green Package, Package of Health Workers, and abolishing withholding tax on bank...
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    Steps demanded to avoid complete economic meltdown. Interest rates, sales tax and FBR target should be reduced. Benefit of receded oil prices should be passed on to masses.

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    (April 27, 2020) FPCCI’s Businessmen Panel SVP, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday demanded meaningful steps to escape complete economic meltdown. Government should avoid half-hearted measures...
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    PBIF calls for reduced power tariff. Cheap energy to promote production, employment and exports. Policy of high oil, electricity price questioned.

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    (April 24, 2020) FPCCI’s Businessmen Panel SVP, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said oil prices have receded a lot therefore government should reduce the price...
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    Strengthening rupee to reduce inflation, loans. Improved exchange rate to provide relief to masses. Foreign investors again eyeing Pakistan market.

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    (April 22, 2020) FPCCI’s Businessmen Panel SVP, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said local currency is strengthening against the dollar despite a reduction in the...
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    PBIF demands stimulus for all sectors. Revenue collection may fall by Rs2000 billion. Power and gas bill payment in 12 installments demanded.

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    (April 20, 2020) FPCCI’s Businessmen Panel SVP, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said downward spiral has affected all the sectors therefore all of them including...
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    Pak-Afghan border closure inflicting heavy losses on traders. Closure resulting in shortage of food items, industrial raw material. Partial reopening of trade not improving the situation.

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    (April 17, 2020) FPCCI’s Businessmen Panel SVP, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said Pak-Afghan border should be reopened completely to avoid shortage of essential items...
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    Package for paying utility bills, port charges demanded. Most SBP decisions good but interest rate very high. Local currency stable as compared to other countries.

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    (April 15, 2020) FPCCI’s Businessmen Panel SVP, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said the central bank should announce a package for the business community enabling...
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    Coronavirus digging grave for the ailing economy. Efforts of Governor SBP, recent salary package lauded. Interest rate, all taxes and duties should be halved.

    Economy
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    (April 13, 2020) FPCCI’s Businessmen Panel SVP, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said coronavirus is digging a grave for country’s stressed economy. Giving package to some...
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    Coronavirus can leave many countries bankrupt. Eight pc reduction in rupee value in a month worrying. Reduced controls will help economy perform.

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    (April 10, 2020) FPCCI’s Businessmen Panel SVP, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said coronavirus can leave many developing countries bankrupt. Local current has lost eight...
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