RCCI inks MOU with EO for improve networking

RCCI inks MOU with EO for improve networking

Rawalpindi: (Staff Reporter)The Rawalpindi Chamber of Commerce and Industry (RCCI and Entrepreneur’s Organization Islamabad inked a memorandum of understanding (MoU) to promote and carry out collaborative activities in furtherance of common...
RCCI and Eilya Care Foundation inks MOU for plasma donation at a ceremony held at Chamber house here on Thursday.

RCCI inks MOU with Eilya Care Foundation for Plasma donation

Rawalpindi:(Business Reporter) The Rawalpindi Chamber of Commerce and Industry (RCCI and Eilya Care Foundation Pakistan inked a memorandum of understanding (MoU) to develop a liaison between the plasma donation organization and...

RCCI terms budget 2020-21 below expectations.

Rawalpindi: (Business Reporter)Saboor Malik, President, Rawalpindi Chamber of Commerce and Industry (RCCI), while responding to the budget for fiscal 2020-21, said that the budget...
Rawalpindi: Governor State Bank Raza Baqir has said that SBP has introduced financing schemes for small and medium enterprises. SBP has received more than 2100 applications to avail financing under the scheme for payment of wages and salaries of their employees, where 1320 applications has been processed and more than 96 billion dispersed to meet their salary expenses. Addressing a virtual session with different chambers of commerce here on Wednesday, Raza Baqir said that the major aim of this session was to get real time feedback on finance schemes and collect suggestions to make it a more robust scheme. He appreciated recommendations on documentation and guarantees requirements and said that commercial banks were directed to process the requests of up to 5 million loans without hefty collateral and guarantee against a loan. Saboor Malik, President, Rawalpindi Chamber of Commerce and Industry, while addressing the virtual session said that the guarantee and procedure for obtaining the financing scheme announced by the SBP for SMEs should be further relaxed. Services sector, hotels, wedding halls, tourism, travel sector has suffered most due to corona and lock down. Special package should be announced for these sectors, he demanded. Traders associated with Hajj and Umrah are facing many difficulties. The duration of the scheme should be further extended. It is difficult for a small trader to obtain the required documents from the bank such as a three-year balance sheet and the projected finances. RCCI President said that such a meeting should be held every month. He appreciated the initiative of the Governor SBP and said that this was the first time that a detailed meeting had been held with the Governor SBP with chambers across the country. He also offered suggestions for resolving the financing problems faced by small businesses and the SME sector. Senior Vice President Noserwan Khalil Khan, Vice President Hamza Sarosh and Secretary General Irfan Manan also attended the session.

SBP organizes virtual session on SMEs financing.

Rawalpindi: (Business Reporter)Governor State Bank Raza Baqir has said that SBP has introduced financing schemes for small and medium enterprises. SBP has received more...
RCCI delegation meeting to Chief Commissioner inland revenue

RCCI delegation meeting to Chief Commissioner inland revenue

Rawalpindi:  (Business Reporter)A delegation of Rawalpindi Chamber of Commerce and Industry (RCCI) called on Chief Commissioner Inland Revenue Zulfiqar Hussain Khan. Talking to the delegation,...

RCCI pin high hopes on business friendly budget

Rawalpindi: (Business Reporter)The Rawalpindi Chamber of Commerce and Industry (RCCI) has welcomes the release of refunds by the FBR. RCCI President Saboor Malik in...

RCCI urges for effective awareness drive to tackle Corona

Rawalpindi: (Business Reporter)The Rawalpindi Chamber of Commerce and Industry (RCCI) has urged for an effective awareness drive for the prevention of Corona. The number...

RCCI seek 5% sales tax to put economy back on track

Rawalpindi: (business  Reporter)The Rawalpindi Chamber of Commerce and Industry (RCCI) has urged Government to slash sales tax and deferred income tax to put economy...

RCCI demands for opening businesses under precautionary SOPson April 15

Rawalpindi:(Staff Reporter) An emergent meeting of traders was held at the Rawalpindi Chamber of Commerce and Industry (RCCI) expressed concerns over the government's actions...

RCCI Concerns on rupee fall against Dollar

Rawalpindi: (Staff Reporter)The Rawalpindi Chamber of Commerce and Industry (RCCI) on Thursday expressed serious concerns over the sharp fall in the value of Pakistani...