Sep 26

FBR advised to extend tax return filing date for three months

KARACHI: The Federal Board of Revenue (FBR) has been advised to extend the last date for filing income tax returns at least for next three months. Muhammad Idrees, President, Karachi Chamber of Commerce and Industry (KCCI) in a letter sent to the Finance Minister on Monday requested to issue to the FBR for extension in […]

by Hamza Shah

Karachi Chamber urges allowing imports from India

Sep 15

Trade & Industry

Karachi Chamber urges allowing imports from India

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) on Thursday urged the government to open borders for allowing imports from India, especially in the wake of flood devastation. Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Idrees have appealed the government to immediately allow imports of raw […]

by Hamza Shah

KCCI managing committee candidates elected unopposed

Sep 10

Trade & Industry

KCCI managing committee candidates elected unopposed

Karachi Chamber of Commerce and Industry (KCCI) on Saturday announced that all candidates for its management committee are elected unopposed for the year 2022-2023. All the unopposed candidates were nominated by Businessmen Group (BMG). READ MORE: APTMA demands immediate release of textile machinery According to details, a total of 32 nominations were received by the […]

by Faisal Shah

Date extension demanded for electricity bills payment

Sep 5

Energy, National, Trade & Industry

Date extension demanded for electricity bills payment

Karachi Chamber of Commerce and Industry (KCCI) on Monday demanded the authorities to extend the last date for payment of electricity bills across Pakistan as in the ongoing extraordinary situation, neither the business and industrial community nor the poor masses were in a position to pay their bills. Keeping in view the hardships being faced […]

by Hamza Shah

Exorbitant electricity tariff hike threatens industry survival: KCCI

Aug 29

Trade & Industry

Exorbitant electricity tariff hike threatens industry survival: KCCI

Karachi Chamber of Commerce and Industry (KCCI) on Monday said that exorbitant hike in electricity tariff has threatened the survival of industries and businesses. The Leadership of Businessmen Group (BMG) and Karachi Chamber of Commerce of Industry (KCCI), while totally rejecting the unprecedented 80 percent hike in electricity tariff, stated that this unbearable upsurge in […]

by Hamza Shah

Karachi Chamber stresses need to rationalize power tariff

Aug 23

Trade & Industry

Karachi Chamber stresses need to rationalize power tariff

The leadership of Karachi Chamber of Commerce and Industry (KCCI) on Tuesday underscored the exorbitantly high electricity tariffs need to be rationalized as the suggested increased electricity tariffs would prove disastrous for trade, industry, SMEs and the public. Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Idrees, […]

by Hamza Shah

SBP assures allowing stuck up containers of banned import

Aug 15

Ports and Shipping, Trade & Industry

SBP assures allowing stuck up containers of banned import

KARACHI: The State Bank of Pakistan (SBP) has assured the business community of allowing to release all the containers with consignments of banned imported goods. In a statement issued on Monday, President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Idrees said that the State Bank of Pakistan (SBP) has agreed to release all the […]

by Faisal Shah

Sindh reduces sales tax on services for IT sector: SRB

Aug 12

Taxation, Trade & Industry

Sindh reduces sales tax on services for IT sector: SRB

KARACHI: Dr. Wasif Ali Memon, Chairman, Sindh Revenue Board (SRB) has said that as the Sindh Government has drastically reduced Sindh Sales Tax on IT, Software Businesses and Call Centers from 13 percent to just 3 percent, all relevant businesses which moved to other provinces, should come back to Karachi where they will enjoy the […]

by Faisal Shah

Aug 2

Miftah assures shopkeepers of removing multiple taxes on electricity bill

KARACHI: Finance Minister Miftah Ismail on Tuesday assured shopkeepers and small retailers of removing all taxes being collected through electricity bills once the fixed tax regime is implemented. Responding to demand raised by retailers and shopkeepers, the finance minister promised to remove all the other taxes from the electricity bills once the fixed tax regime […]

by Hamza Shah

Political parties responsible for Pakistan economic crisis: KCCI

Jul 28

Trade & Industry

Political parties responsible for Pakistan economic crisis: KCCI

KARAHI: Karachi Chamber of Commerce and Industry (KCCI) on Thursday accused political parties of Pakistan for current economic crisis. In a joint statement issued by Chairman Businessmen Group Zubair Motiwala and President KCCI Muhammad Idrees expressed concerns as they felt that political parties are not understanding the gravity of the situation of the economy and […]

by Hamza Shah