Pakistan News

    Al Safa Traders Karachi

  • What became of the inquiry into by-law violations by Safa Gold Mall?

    ISLAMABAD: For a year now, the Capital Development Authority’s (CDA) de-novo inquiry into the construction of three illegal storeys in the Safa Gold Mall has been “under process”...

    After a delay of years, an inquiry was conducted last year into the construction of the Safa Gold Mall which pointed to building by-law violations...

  • Consumer spending yet to meet Karachi traders’ expectations

    KARACHI: Eid-related sales of garments, unstitched clothes and shoes have somewhat recovered in the past few days, but traders still believe buying remains subdued as compared to last year...

    “Sales have recovered by 10-15 per cent in the last few days after remaining depressed by 80-90 per cent last week of May,” All-Karachi Tajir Ittehad Chairman Atiq Mir said, adding that most people were turning up to buy necessary items related...

  • Karachi traders eye Rs60bn Eid sales

    KARACHI: Traders in the city have fixed a sales target of Rs60 billion for this Eidul Fitr shopping — up from Rs 40bn in 2017 and Rs 50bn in 2016...

    In the last five years of PML-N government, highest sales of Rs70bn were witnessed in 2015 in Karachi...

  • JI to back traders’ strike

    KARACHI: The Karachi Jamaat-i-Islami (JI) has decided to support the strike call given by traders for Sept 9 against withholding tax on bank transactions...

    JI Karachi Amir Hafiz Naeem-ur-Rehman demanded that the government pay heed to the protesting traders, instead of crushing the national economy to “please the IMF”...

  • Traders slap Rs10 on milk prices

    KARACHI: An official crackdown on milk sellers on Monday landed many of them behind bars for arbitrarily enhancing milk prices once again by Rs10 per litre, yet most people may have to purchase the commodity at the new price of Rs90 to Rs95 per litre as the wholesalers and retailers are not ready to bring down the prices on their own...

    5 litres [roughly Rs84 per litre],” said All Karachi Milk Wholesalers Association representative...

  • Islamabad’s traders refuse to close shop early

    ISLAMABAD: Terming the government’s decision to close markets early ‘illogical’, the traders of the federal capital announced on Sunday that they would not comply...

    Addressing a press conference here at the National Press Club, representatives of the traders union and Islamabad Chamber of Commerce and Industry (ICCI) announced that markets and shops will remain open late into the night, as government’s decision, in its current form,...

  • Kohat traders again refuse to shift to new fruit market

    KOHAT: The traders have again refused to shift to the new fruit and vegetable market on Bannu road here, saying despite making full payments they are yet to be given outlets for running their businesses there...

    Kohat deputy commissioner Kamran Ahmed Afridi has issued orders to traders to shift their businesses to the new market within 10 days, otherwise force would be used for vacation of the old marketplace located on Hangu road... ...

  • Traders want district courts shifted from F-8 Markaz

    A committee formed by the ICCI for the shifting of the offices stated that besides hardships to the traders and local residents the presence of the offices in the commercial centre was a security risk for judges and lawyers...

    These incidents also affected the business activities causing losses to the traders...

  • Pindi traders not ready to close markets early

    RAWALPINDI: Though the Punjab government has not yet issued a notification to close markets at 8pm in the garrison city, the local traders on Monday rejected the advice of the local administration in this regard...

    However, the Rawalpindi Chamber and Commerce and Industry (RCCI) welcomed the move and asked the traders to close their outlets by 8pm...

  • Traders plan strikes against tax on bank transactions

    At an emergency meeting of traders’ representatives from various parts of the country, Khwaja Shafique said the decision to observe a strike on Aug 1 had been taken following a consensus reached at the gathering...

    He asked the traders to hoist banners in their markets to make the strike successful...

  • Traders plan agitation against withholding tax after Eid

    ISLAMABAD: Traders have started sharpening their knives for a showdown with the government over the withholding tax on bank transactions of over Rs50,000...

    “We have authentic reports that the local Hundi system is emerging fast across the country as many traders have stopped using banking channels,” said Senator Salim Mandviwala...

  • India may announce tax relief for traders next week

    NEW DELHI: India may announce measures next week to help traders and small businesses who say a new nationwide goods and services tax (GST) has increased their tax and administrative burden...

    Prime Minister Narendra Modi said if there is consensus at the next GST council meeting due over Nov 9 to Nov 10, the government would take the necessary steps to help traders and strengthen the country’s economy...

  • China slams 'wrong' US sanctions on North Korea-tied traders

    The United States on Tuesday unveiled new sanctions targeting North Korean shipping and Chinese traders doing business with Pyongyang, again raising the pressure on the pariah state to abandon its nuclear program...

    "China on Wednesday rejected the new sanctions targeting Chinese traders doing business with North Korea as "wrong", stressing that it has enforced UN sanctions over Pyongyang's nuclear provocations...

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