Industry rejects cut in gas supply; terms anti-business move

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) on Friday strongly rejected the cut in gas supply for industrial consumers and CNG stations. Chairman Businessmen Group (BMG) and Former President KCCI Siraj... Read more »

KCCI rejects extension in lockdown

KARACHI: Business community on Wednesday rejected the extension in lockdown till July 15, 2020 by the Sindh government and said that procedures should be laid down to allow business activities. Karachi Chamber... Read more »

KCCI declares policy rate cut insufficient

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) is not satisfied with one percent interest rate cut by the State Bank of Pakistan (SBP) and said it is very little reduction. Chairman... Read more »

KCCI submits recommendations to rectify anomalies in Finance Bill 2020

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has submitted its recommendations for rectification of anomalies in the Finance Bill, 2020. The KCCI in a communication on Friday with the Chairmen/Co-Chairmen of... Read more »

SBP disburses Rs96 billion under refinance scheme to dilute COVID impact

KARACHI: Dr. Reza Baqir, Governor, State Bank of Pakistan (SBP) has said that so far around 1320 companies availed SBP’s refinance scheme and a sum of Rs96 billion has been disbursed to... Read more »

FBR urged to allow tax holiday on import of industrial raw material

KARACHI: Federal Board of Revenue (FBR) has been urged to allow tax holiday to import of industrial raw material in order to help the country to fetch much needed foreign exchange through... Read more »

KCCI urges government to shun pick, choose policy for business relief

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has urged the government functionaries to avoid ‘pick and choose’ strategy for providing relief to businesses as it will never benefit the national... Read more »

Proposed powers for reopening past 10 years tax cases rejected

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) on Wednesday said it will oppose any move to grant powers to tax officials regarding opening cases of past 10 years. KCCI President Agha... Read more »

Karachi Chamber seeks fair tax treatment for commercial importers

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has sought fair treatment on collection of withholding tax for commercial importers on import of industrial raw material. KCCI in its budget proposals submitted... Read more »

KCCI proposes regularizing gold, jewellery sector

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has submitted proposals to tax authorities for regularizing gold and jewellery sector. In its proposals for budget 2020/2021, the KCCI said that gold and... Read more »