 
 
 
 
 
 
|
|
|
|
07 October 2004
|
Thursday
|
21 Shaban 1425
|
LCCI to assist Austrian traders
By Our Staff Reporter
LAHORE, Oct 6: The Lahore Chamber of Commerce and Industry will provide every help and assistance to the Austrian businessmen desirous of making investment in Pakistan.
An assurance to this effect was given by LCCI president Mian Misbahur Rehman to Dr Nikolaus Seiwald, the commercial counsellor of the Austrian Embassy in the UAE, who was heading a delegation which held meetings with the Pakistani businessmen at the LCCI on Tuesday.
Mian Misbah said the business environment in Pakistan was very conducive for foreign investors who must avail cheap labour and business-friendly policies. Dr Nikolaus Seiwald said that despite the fact that Austria itself was a smaller market with a population of around eight million but it has been the gateway to the huge European market.
Pakistani businessmen can take advantage of this facility to introduce their products in the markets they have little access. Austria, the envoy said, has a lot to offer to Pakistani businessmen with higher growth rate as compared to the European Union.
On the request of Dr Nikolaus Seiwald, the LCCI president promised that a Lahore chamber delegation would visit soon Austria for obtaining the first-hand knowledge of the business opportunities there.
LCCI senior vice-president Sohail Lashari and a number of executive committee members also attended the meeting. Mian Misbah presented a Chamber shield to Dr Nikolaus Seiwald.
Meanwhile, the Lahore Chamber of Commerce and Industry has urged the government to examine the sales tax structure. In a statement on Wednesday, LCCI president Mian Misbahur Rehman said the government should also take immediate measures for speedy disposal of refund claims to improve the revenue generating capacity with a special reference to the broadening of taxpayers' base.
Appreciating the constitution of a task force by the Central Board of Revenue to analyze the performance of existing tax system, he said the government had started giving due respect to the recommendations of the business community.
|
