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Tag: Karachi Chamber of Commerce and Industry

KCCI Photo

Karachi poised to be maritime hub with $2bn Maersk investment

August 6, 2024July 30, 2025Shahnawaz Akhter

Karachi, August 5, 2024 — Federal Minister for Maritime Affairs Qaiser Ahmed Sheikh has lauded the Karachi Chamber of Commerce for its exceptional execution of the 19th My Karachi Exhibition. During his remarks following the event’s closing at the Karachi Expo Center,

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My Karachi Sindh CM

Sindh CM Claims Supplying 50% Cheaper Electricity

August 3, 2024August 3, 2024Shahnawaz Akhter

Karachi, August 2, 2024 – The Chief Minister of Sindh, Syed Murad Ali Shah, on Friday claimed that the province could supply electricity generated from indigenous coal at 50% lower rates than current tariffs.

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Aurangzeb at KCCI

Aurangzeb Calls for Broader Tax Net to Ease Burden

July 30, 2024July 30, 2024Shahnawaz Akhter

Karachi, July 30, 2024 – Pakistan’s Finance Minister Muhammad Aurangzeb expressed concern over the heavy tax burden on salaried individuals and businesspersons during a meeting with the business community at the Karachi Chamber of Commerce and Industry (KCCI) on Tuesday.

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KCCI Photo

KCCI Disappointed with Mere 1% Interest Rate Cut

July 29, 2024July 29, 2024Shahnawaz Akhter

Karachi, July 29, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has expressed disappointment over the State Bank of Pakistan’s (SBP) decision to reduce the policy rate by only 100 basis points to 19.5%. The KCCI contends that this reduction is insufficient to address the economic challenges faced by the business community.

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Karachi Port Activity

Stakeholders Favor Establishment of Shipping Regulatory Body

July 26, 2024July 26, 2024Hamza Shahnawaz

KARACHI: All stakeholders of the Ports & Shipping sector unanimously favored the idea of establishing an autonomous Logistics Service Providers Regulatory Authority (LSPRA). This body will be responsible for devising a legal framework, issuing guidelines, deciding charges, and monitoring all activities within the ports and shipping sector.

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KCCI Photo

KCCI Signals Street Protests as Last Resort for Economic Relief

July 24, 2024July 24, 2024Shahnawaz Akhter

Karachi, July 24, 2024: The Karachi Chamber of Commerce and Industry (KCCI) has suggested that street protests might be the only effective method to compel the government to address pressing economic issues.

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KCCI Photo

KCCI Demands Review on Unjust Tax Measures, Energy Tariffs

July 19, 2024July 19, 2024Shahnawaz Akhter

Karachi, July 19, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has issued a stern demand for the government to reassess its taxation policies and energy tariffs, citing severe repercussions on various sectors of the economy.

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KCCI Photo

Karachi Chamber Demands FBR Address Controversial SRO 350

July 9, 2024July 9, 2024Shahnawaz Akhter

Karachi, July 9, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the Federal Board of Revenue (FBR) to promptly resolve the ongoing issues related to SRO 350 (I)/2004, which have been a source of significant concern for the business community.

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KCCI Photo

KCCI Expresses Displeasure over Hike in Petroleum Prices

July 1, 2024July 1, 2024Shahnawaz Akhter

Karachi, July 1, 2024 – Karachi Chamber of Commerce and Industry (KCCI) has voiced strong discontent over the recent hike in petroleum prices, marking a significant escalation in costs for businesses and the general public alike.

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KCCI Photo

Pakistan Budget 2024-25: A Template of IMF, Says KCCI

June 15, 2024June 15, 2024Shahnawaz Akhter

The Karachi Chamber of Commerce and Industry (KCCI) has expressed severe discontent with Pakistan’s Federal Budget for 2024-25, describing it as a template of the International Monetary Fund (IMF).

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  • Telecom operators propose cut in advance tax to 8% in FY27 budget
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  • KSE-100 index climbs 1.19% amid easing global oil prices
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