Tag Archives: Traders

Traders donate Rs 3 million

Traders donate Rs 3 million

FAISALABAD – The business community of Faisalabad has come forward and raised Rs three million donations for the rehabilitation of Civil Lines bomb blast’s victims who are recovering at district headquarters hospital and the Allied Hospital. The announcement was made at the first joint meeting of the National Group of Faisalabad Chambers of Commerce and Industry (FCCI) and Anjuman Tajiran City Faisalabad.
The joint committee headed by industrialist Mian Muhammad Idrees is likely

Punjab govt and Bhatta Chowk traders lock horns

LAHORE – The Punjab government and Bhatta Chowk traders have locked horns over the compensation money and the issue is about to turn violent, as the victims staged a protest on Saturday, the fourth in a row at Bhatta Chowk. The protests are likely to intensify, as traders have threatened to storm the Punjab Assembly, CM’s Secretariat and the Governor’s House if their demands to raise the compensation amount up to Rs 2 million per marla remain unfulfilled. A six-hour protest was held

Traders reject hike in petroleum prices

SIALKOT – Sialkot Chamber of Commerce and Industry (SCCI), Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA), Pakistan Gloves Manufacturers and Exporters Association (PGMEA), Sialkot Markazi Anjuman Tajiran and other main trade bodies have rejected the recent hike in petroleum prices. SCCI President Ghulam Mustafa Chaudhry, PRGMEA Central Chairman Ejaz A Khokhar, PGMEA Chairman Sheikh Muhammad Younas and Sialkot Markazi Anjuman Tajraan President Mehar Ghulam

Case seeking trader’s properties confiscation adjourned

LAHORE – An accountability court on Tuesday adjourned hearing of a case seeking confiscation of properties owned by Raja Centre Main Market, Gulberg owner Raja Riaz until February 28. During the hearing, Riaz’s son Hammad Riaz filed an application submitting that he is actual owner of the property confiscated by the court and orders regarding confiscation of properties might be revised in his favour.
On the court’s direction, Consolidation Officer Muhammad Jameel issued a notice

Hall Road traders protest against a rash of robberies

LAHORE – Traders of Hall Road and adjacent markets blocked the Mall Road on Thursday and demanded the Punjab government take action against increasing robberies in the area and accused police officials of not taking action and patronising robbers.
Traders from the Zaitoon Plaza, Rafi Plaza and other markets blocked the road at the Regal Chowk and chanted slogans against police for deliberately not taking action against robbers and swindlers. Traders said that for the last five

Traders jeopardise Pakistan’s reputation as credible exporter

KARACHI – Pakistan’s reputation as an exporter in the global market is likely to deteriorate, with the private sector seemingly taking a page out the book of state owned enterprises (SOE) like TCP on how it deals with international traders. Private sector exporters, which have recently received a green signal from Islamabad to export excess wheat on provincial level, are endangering the country’s reputation exporting the commodity in almost ‘unstitched’ sacks.
According to

Traders demand early completion of industrial estate

WAZIRABAD – The local traders demanded of the government to complete legal formalities for the early completion of the industrial estate project in the city.
The city has no match in the field of cutlery items, but is suffering a business decline these days. On the request of the late provincial law and education minister Raja Khaleeq Ullah Khan, a site for an industrial estate was selected and a small industrial estate inaugurated in 1993 in Wazirabad. But the provincial

Kharadar traders feel the wrath of parchis this time

KARACHI – The traders of the cloth market in Kharadar closed down their shops on Tuesday after a well-known trader was gunned down by unidentified culprits in the wee hours of the day over allegedly refusing to pay extortion money.
The Pakistan Memon Ittehad organised a demonstration, during which the traders of the cloth market burnt tyres at Chagla Street and Bakery Road in Kharadar and allegedly also torched a local office of the People’s Amn Committee.
Abdul Ghaffar, 60,

Small traders threaten to hold nationwide protest

KARACHI – Small traders threatened to unleash nationwide agitation if the government failed to comply with their demands, including the cancellation of the proposed reformed General Sales Tax (GST).
The members of the All Pakistan Organization of Small Traders and Cottage Industries (APOSTCI) have also vowed to hold a national gathering under the banner of the All Pakistan Traders Convention by the middle of this month to devise a future course of action for the organisation

Traders going on shutter-down strike today

LAHORE – The markets and business centres of the city will remain closed today and two rallies will be taken out against a possible change in blasphemy laws.
The decision was made during a meeting of traders of different markets of the city, including Liberty Market President Zahid Javed and Hafeez Centre President Malik Kaleem. The traders said all city markets will be closed completely, including fruit and vegetable markets.
It was decided that Shah Alam Market, Azam

Traders announce countrywide strike on 31st against GST

LAHORE – Traders are again divided over the issue of reformed general sales tax (GST). All Pakistan Anjuman-e-Tajiran (APAT) has announced a countrywide strike against reformed general sales tax (GST) and price hike on Friday, December 31, while Qaumi Tajir Ittehad (QTI), Gulberg Traders Board Association and Mall Road Traders Association, has declared it irrelevant.
Speaking to Pakistan Today, secretary general APAT Abdul Razzaq Babbar said that traders would strongly react

Traders disinterested in wheat exports

ISLAMABAD: Exporter have shown no interest in purchasing wheat from government stocks even ten days after the ban on export of wheat and wheat products was lifted, official sources said. The Ministry of Commerce had notified changes in the Export Policy Order 2009 on December 13 allowing exports of wheat and wheat products after a gap of three years. The sources termed the current international price of $ 327 per tonne as the main reason for the lack of interest from exporters.

Traders walk out of dialogue with SNGPL authorities

FAISALABAD: Dialogues between SNGPL authorities and industrialists were aborted after the company turned down the traders’ demand to revise the weekly gas load shedding schedule from existing three days to two.
As the SNGPL issued the unchanged three days gas-holiday schedule on Saturday, the industrial sector representatives walked out of dialogues and announced to boycott the negotiations. The new schedule entails Thursday, Friday and Saturday as the load shedding days.

30 shops robbed in Karachi mobile market, traders protest

KARACHI: Thirty shops at the Kohinoor Mobile Market in Saddar – commonly known as ‘Electronics Market’- were robbed of cash and goods worth Rs 10 million in the wee hours of Friday. When the shopkeepers arrived at the market in the morning, they saw that the shutters’ locks were broken and their cash and goods gone. The shopkeepers and union representatives closed the mobile markets located at Abdullah Haroon Road in protest and chanted slogans against law enforcers. They blocked the

Pakistani wheat traders weigh markets for export

ISLAMABAD: Pakistani wheat traders are looking at Middle Eastern countries, as well as Bangladesh and Malaysia as possible destinations, after the government lifted a three-year ban on exports because of market surplus.
Pakistan, Asia’s third-largest wheat producer, in August deferred earlier plans to export two million tonnes of surplus wheat after summer floods washed away at least 725,000 tonnes of the grain and raised concerns about the next crop.
The government said

Traders con customers with sullied sugar

LAHORE: Sugar traders and vendors in the city have started plundering customers by mixing substandard sugar with good quality sugar and selling this at higher rates, customers told Pakistan Today on Sunday.
Customers said traders were selling substandard sugar at Rs 90 per kg. The government has fixed imported sugar’s price at Rs 72 per kg but its quality and sweetness is far low than the locally produced sugar, which is sold in the market for Rs 90 per kg.
The traders have

Pakistan buying Indian cotton at higher rates: traders

ISLAMABAD: Pakistani traders have inked fresh contracts on new rates to import cotton from India, after Indian exporters delivered little under previous deals on lower prices, Pakistani industry officials said on Wednesday.
Textile firms in the world’s third-largest cotton consumer have banked on neighbouring India to meet demand after massive summer floods damage to the domestic crop caused an estimated shortfall of approximately four million tonnes.
Pakistan’s textile